Bloomberg News

Newcrest Halts Cadia Hill Open Pit Mining After Ground Slip

November 23, 2011

(Updates with production in fourth paragraph.)

Nov. 23 (Bloomberg) -- Newcrest Mining Ltd., Australia’s biggest gold producer, halted mining at Cadia Hill, an open pit mine in New South Wales state, after a landslide prevented access of heavy vehicles.

Production is still continuing at the site with a combination of stockpile and ore feed from the company’s nearby Ridgeway underground mine, spokeswoman Kerrina Watson said by phone today. The ground slipped after several days of rain, the Melbourne-based company said in a statement.

“The slip occurred midway up the pit wall and the fallen rock impeded ramp access to and from the bottom of the pit,” Newcrest said. There were no injuries and the company is working to regain access for heavy vehicles to the open pit, it said.

Cadia Hill, one of the mines owned by Newcrest in Cadia Valley, produced 95,575 ounces of gold in the three months ended Sept. 30, or 16 percent of the company’s total, Newcrest said last month. The mine also produced 4,566 metric tons of copper in the quarter, accounting for 24 percent of its total.

--Editors: Ryan Woo, Baldave Singh.

To contact the reporter on this story: Soraya Permatasari in Melbourne at soraya@bloomberg.net

To contact the editors responsible for this story: Rebecca Keenan at rkeenan5@bloomberg.net; Andrew Hobbs at ahobbs4@bloomberg.net.


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