Newcrest to restart Cadia mine following earthquake damage
One of the largest gold mines in Australia looks set to restart operations, following almost five months in suspension as a result of significant damage caused by an earthquake.
The Cadia mine, owned by Newcrest Mining Ltd, was severely damaged in an earthquake back in April 2017, forcing the company to suspend operations at the site.
As a result, production at Cadia saw a 55% fall in gold output.
The company is now targeting a complete return to “normal levels” in March 2017.
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The Cadia Valley site, located in Eastern Australia, comprises of three mines, the Cadia East underground panel cave mine, the Ridgeway underground mine and the Cadia Hill open pit mine.
In the financial year ending 30 June 2016, CVO produced 668,773 ounces of gold and 64,130 tonnes of copper. Over 9 million ounces of gold has been produced from CVO since commercial production commenced in 1999.
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