A Structural Examination of the Telfer Gold-Copper Deposit And

Total Page:16

File Type:pdf, Size:1020Kb

A Structural Examination of the Telfer Gold-Copper Deposit And ResearchOnline@JCU This file is part of the following reference: Hewson, Simon Andrew John (1996) A structural examination of the Telfer gold-copper deposit and surrounding region, northwest Western Australia: the role of polyphase orogenic deformation in ore-deposit development and implications for exploration. PhD thesis, James Cook University. Access to this file is available from: http://eprints.jcu.edu.au/27718/ If you believe that this work constitutes a copyright infringement, please contact [email protected] and quote http://eprints.jcu.edu.au/27718/ A Structural Examination of the Telfer Gold-Copper Deposit and Surrounding Region. northwest Western Australia: The Role of Polyphase Orogenic Deformation in Ore-deposit Development and Implications for Exploration. VOLUME 1 Thesis submitted by Simon Andrew John HEWSON BSc (Hans) (Curtin) in October, 1996 for the degree of Doctor of Philosophy in the Department of Earth Sciences at James Cook University of North Queensland. I, the undersigned, the author of this thesis, understand that the following restriction placed by me on access to this thesis will not extend beyond three years from the date on which the thesis is submitted to the University. I wish that access to this thesis not to be permitted for a period of three years. After this period has elapsed I understand that James Cook University of North Queensland will make it available for use within the University Library and, by microfilm or other photographic means, allow access to users in other approved libraries. All users consulting this thesis will have to sign the following statement: " In consulting this thesis I agree not to copy or closely para-phrase it in whole or in part without the written consent of the author; and to make proper written acknowledgement for any assistance which I have obtained from it. .?..q(:!.:.!Z'!t (signed) (date) DECLARATION I declare that this thesis is my own work and has not been submitted in any form for another degree or diploma at any university or other institution of tertiary education. Information derived from the published or unpublished work of others has been acknowledged in the text and a list of references is given. Simon A.J. Hewson 3rd October, 1996. I dedicate this thesis to my parents, John and Monica Hewson, without whose love, support and financial assistance over my life this would never have happened. I will remain forever indebted for their encouragement throughout my academic endeavours. "The heights by great men reached and kept Were not attained by sudden flight But they, while their companions slept Were toiling upward in the night". HENRY WORDSWORTII LONGFELLOW CONTENTS of VOLUME 1 PREAMBLE THESIS OVERVIEW ACKNOWLEDGEMENTS SECTION A - Multiple Orthogonal Overprinting Deformation Events in the Telfer Region, w.A.: Preservation of a Complex Tectonic History in Weakly Deformed Rocks. SECTION B - Structural Reconnaissance afthe Lower Yeneena Group, Paterson Province, W.A.; Overprinting of an Ensialic Intracratonic Basin by Migrating late­ Proterozoic Collisional Orogenesis and Resolution of Conflicting Tectonic Indicators. SECTION C - Late Structural Timing of Mineralisation in the Telfer Au-Cu deposit and the Role oj Orogenic Defannation in Regional Fluid Flow and Mineralisation. SECTION D - Progressive Structural Development a/the Telfer Dome and Controls on Gold-Copper Mineralisation. SECTION E - Exploration Modelsfor Fold-hosted and Other Epigenetic Mineralisation Styles in the NE Paterson Province. REFERENCES - all sections CONTENTS of VOLUME 2 SECTION A .................... Figures SECTION B .................... Figures SECTION C .................... Figures SECTION D ........ ......... ... Figures SECTION E .......... .......... Figures APPENDICES APPENDIX 1 - Stereographic data for Section A APPENDIX 2 - Location descriptions, field diagrams and stereographic data for Section B APPENDIX 3 - Sample catalogue (referred specimens). CONTENTS of MAP CASE MAPS MAP 1 -Structural Geology of the Telfer Mine (1:7,500) MAP 2 -Structural Geology of the Telfer region (1: 100,000) MAP 2B -Structural Geology of the O'Cailaghan, Corridor (1:50,000) ENCLOSURES: Laminated full A4 size versions of figures that are regularly referred to in the teltt (e.g . defonnation chronology tables, regional maps etc.) are also enclosed in the Map Case. A number of regularly referred to figures are also enclosed in the Map Case. These have been included for the reader to hold/place in front of themselves so as to negate the need to search backwards through the Figure volume for reference to these figures. ENCLOSURE 1 - Summary Table of the Defannation History in the Telfer Region ( For use with Sections A, C, D & E). EN CLOSURE 2 - Geology of the Rudall Metamorphic Complex and Lower Yeneena Group, Paterson Province, and field locations. (For use with Section B). ENCLOSURE 3 - Stratigraphic Distribution of Stratabound Mineralised Reefs in the Telfer Dome. (For use with Sections C & D). ENCLOSURE 4 - Structural Geology of the Telfer DomelMine. (For use with Section D). EN CLOSURE 5 - Regional Geological Map of the Telfer District (For use with Section E, and Section A). TWO GENERAL USE ENCLOSURES: 1. Orientation of Unoriented Drill Core Utilising Cleavage­ Bedding Relationships. 2. Conceptual Exploration Models for the Telfer Region/Paterson Province - schematic flow chart. PREAMBLE The Telfer Au (+Cu) deposit is one of Australia's premier gold-producers, currently accounting for approximately 4OO,OOOoz. per year. It's discovery in 1972 heralded the recognition of the Proterozoic Paterson Province, in wtllch it is located, as a polymetallic terrane with the potential for significant gold and base-metal mineralisation. The Paterson Province represents a small exposure ('" 36 OOOkm2) of the large NW -SE rrending Paterson Orogen, a continental-scale orogenic belt that passes across northern Western Australia and into central Australia. Rocks in the Paterson Province have recorded a protracted Proterozoic history for this orogenic belt, which includes continent-continent collision at '" 1250Ma (Watrara Orogeny) and late-Proterozoic collisional tectonism (the Paterson Orogeny) between 700 and 6OOMa. The latter generated considerable mineralisation in middle- to late-Proterozoic metasedimentary rocks of the Paterson Province. Late-Proterozoic mineralisation in the Paterson Province is well developed in the NE region where numerous syn- and post-tectonic granitoids, gabbros and dolerites intruded the metasedimentary sequence. However, mineral exploration in this region is commonly hindered by extensive Phanerozoic and Tertiary cover that precludes observation of much of the Proterozoic sequence. Additionally, the province lies within the Great Sandy Desert, and is thus covered by extensive aeolian sand deposits. The large amount of younger cover has resulted in relatively small scattered "windows" that expose the mineralised Proterozoic rock sequence. The NE region of the Paterson Province provides one of the best exposures of this sequence and hosts the Telfer deposit. Sampling of gossanous and stratabound quartz veining in the Telfer Dome (a regional antiformal fold) in 1972 by geologists from both Day Dawn Minerals and Newmont Pty Ltd identified gold enriched horizons within the pelitic sedimentary sequence (felfer Formation) exposed in the dome. Subsequent drilling of these horizons confirmed an initial resource of I Million ounces of gold and mining activity commenced in 1975. During the early 19805 mining concentrated on one particular reef that outcropped in Main Dome, a sub-dome of the Telfer Dome. This reef, the Middle Vale Reef (MVR) exhibited strong secondary enrichment of gold and has historically comprised a significant resource in the Telfer deposit (Dimo, 1990). During the middle to late 1980s a shift to high-volume low-grade mining was facilitated by the ongoing success of dump leach extraction of gold from rocks previously too low-grade to be milled. TIlls inereased throughput caused production to expand to the second sub­ dome (West Dome) as the E-Reefs were mined, and helped to make Telfer one of the top four gold producers in Australia during the late 1980s. More recently, deep diamond drilling in Main Dome (commenced in 1992) has led to the discovery of approximately ten to twelve new reefs at depth in the dome. Underground mining, which had commenced in 1990, has been extended through an exploration decline 10 the upper of these newly discovered reefs (MIO and M30). This decline is currently being extended to reach !he deepest reef, the 130, at approximately 1 100m below !he present ground surface. This should occur by the end of 1997. Another consequence of the deep drilling has been the further confirmation of an epigenetic genesis for !he Telfer deposit. and panicularly the identification of mineralisation in units other !han the Telfer Formation. Initial research on !he stratabound reefs in !he Telfer deposit suggested thai !hey had formed through syngenetic eJdJalative processes (Tyrwhitt, 1979; Turner, 1982). A variation on this, whereby the MVR was considered to have formed as an evaporite horizon !hat was subsequently replaced by quartz­ sulphide assemblages, was proposed by Royle (1985). However, the expansion of mining and deep drilling within the deposit provided increasing evidence for an epigenetic origin. This came both through structural observations and geochemicaUfluid-inclusion studies that indicated the reefs were locally discordant,
Recommended publications
  • Telfer W with Pr 800,000 Copper Signific Resourc
    4420 Newcrest Cover 04 6pp 16/9/04 9:52 AM Page 2 Telfer will be the largest gold mine in Australia, with projected annual production of more than 800,000 ounces of gold and 30,000 tonnes of copper for 24 years, positioning Newcrest as a significant and profitable Australian-based resources business. Newcrest Mining Limited Newcrest – The Sustainable Section 5 Resource Business 1 Sustainability and People 38 Section 1 Health and Safety 40 Our Results 2 Environment 42 Human Resources 43 Performance in Brief 2 Chairman’s Review 4 Section 6 ABN: 20 005 683 625 ABN: Managing Director and Corporate Governance 44 Chief Executive Officer’s Report 5 Board of Directors 45 Newcrest Senior Management 10 Corporate Governance 46 Financial Report 11 Section 7 Section 2 Concise Annual Report 2004 Financials 49 Operations 12 Directors’ Report 50 Cadia Valley Operations 14 Management Discussion and Analysis Ridgeway Gold/Copper Mine 14 of the Financial Statements 56 Cadia Hill Gold/Copper Mine 16 Statement of Financial Performance 58 Toguraci Gold Mine 19 Statement of Financial Position 59 Section 3 Statement of Cash Flows 60 Projects 22 Notes to the Concise Financial Report 61 Directors’ Declaration 68 Telfer Gold/Copper Project 24 Independent Audit Report 69 Cracow 26 Cadia East 28 Shareholder Information 70 Boddington Expansion Project 29 Five Year Summary 72 Section 4 Corporate Directory IBC Exploration 30 Strategy and Review 32 Mineral Resources and Ore Reserves 34 Newcrest Mining Limited Newcrest ABN: 20 005 683 625 Notice of Meeting Notice is hereby given that the 24th Annual General Newcrest Mining Limited Meeting will be held at the Hyatt Regency Hotel, Concise Annual Report 2004 99 Adelaide Terrace, Perth, Western Australia on Wednesday 27 October 2004 at 9.30am.
    [Show full text]
  • For Personal Use Only
    To: Company Announcements Office LEVEL 9 600 ST KILDA ROAD MELBOURNE From: Francesca Lee VICTORIA 3004 AUSTRALIA Date: 13 February 2015 PO BOX 6213 Subject: Annual Mineral Resources and Ore Reserves ST KILDA ROAD CENTRAL Statement Explanatory Notes MELBOURNE 8008 T +613 9522 5333 F +613 9525 2996 www.newcrest.com.au Please find attached Newcrest Mining Limited’s Annual Mineral Resources and Ore Reserves Statement Explanatory Notes for the year ended 31 December 2014, for immediate release to the market. Yours sincerely Francesca Lee Company Secretary For personal use only A MEMBER OF THE NEWCREST MINING GROUP ABN 20 005 683 625 Explanatory Notes Newcrest Mining 13 February 2015 Annual Mineral Resources and Ore Reserves Statement – 31 December 2014 EXECUTIVE SUMMARY Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the twelve month period ending 31 December 2014 and for this purpose, has completed a detailed review of all production sources. The review has taken into account updated long term metal price, foreign exchange and cost assumptions, and mining and metallurgy performance to inform cut-off grades and physical mining parameters. This has resulted in the most marginal ounces being removed from the portfolio and these are reflected in changes to Mineral Resources and Ore Reserves. Group Mineral Resources As at 31 December 2014, Group Mineral Resources are estimated to contain 140 million ounces of gold, 20 million tonnes of copper and 130 million ounces of silver. This represents a decrease of approximately 8 million ounces of gold (~5%), 0.4 million tonnes of copper (~2%) and 1 million ounces of silver (~1%), compared with the estimate as at 31 December 2013.
    [Show full text]
  • Telfer Project, Expansion of Telfer Gold Mine, Great Sandy Desert
    Telfer Project, Expansion of Telfer Gold Mine, Great Sandy Desert Newcrest Mining Limited Report and recommendations of the Environmental Protection Authority Environmental Protection Authority Perth, Western Australia Bulletin 1059 August 2002 ISBN. 0 7307 6694 2 ISSN. 1030 - 0120 Assessment No. 1445 Contents Page 1. INTRODUCTION AND BACKGROUND......................................................1 2. THE PROPOSAL.............................................................................................2 3. CONSULTATION............................................................................................7 4. RELEVANT ENVIRONMENTAL FACTORS ..............................................7 4.1 FLORA AND FAUNA ......................................................................................7 4.2 DEWATERING AND BOREFIELD OPERATIONS..................................................8 4.3 GREENHOUSE GAS EMISSIONS.......................................................................9 4.4 ACID MINE DRAINAGE...............................................................................10 4.5 MINE CLOSURE ..........................................................................................10 5. CONDITIONS AND COMMITMENTS .......................................................11 6. CONCLUSIONS.............................................................................................12 7. RECOMMENDATIONS................................................................................12 Table Table 1: Summary of key proposal characteristics.................................................6
    [Show full text]
  • 2019 Annual Report FORGING a STRONGER NEWCREST
    2019 Annual Report FORGING A STRONGER NEWCREST The success of FY19 reflects the enormous amount of effort applied by our people towards delivering on our commitments and our potential. SANDEEP BISWAS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER To be the Miner of Choice. To be the Miner of Choice for VISION our people, shareholders, host OUR communities, partners and suppliers. To safely deliver superior returns to our stakeholders from finding, developing and MISSION operating gold/copper mines. OUR NEWCREST 2019 ANNUAL REPORT 1 CONTENTS FORGING A STRONGER NEWCREST Forging a stronger Newcrest 2 Asset overview 4 Key Achievements for FY19 6 Safety & Sustainability 12 People 13 Releasing orebody potential 14 NEWCREST’S VALUE PROPOSITION Long reserve life 16 Delivering on commitments 16 Low cost production 16 Organic growth options 17 Financially robust 18 Exploration & technical capability 19 OUR COMPANY Chairman’s Report 8 Managing Director’s Review 10 The Board 20 Mineral Resources & Ore Reserves 24 Corporate Governance Statement 32 Directors’ Report 34 Financial Report 89 Corporate Directory 149 Coarse ore stockpile at Cadia, New South Wales, Australia FORGING A STRONGER NEWCREST The health and safety of our people 2 Forging a stronger is of primary importance at Newcrest. Newcrest Our clear focus remains on eliminating To achieve Newcrest’s full potential FORGING A STRONGER FORGING A STRONGER NEWCREST fatalities and life-changing injuries from for our stakeholders, our company our business, while striving to make strategy focuses on five key pillars, continual progress on reducing all injuries each with associated aspirations. and health impacts. We believe that a strong and enduring commitment to the health and safety of our workforce best reflects our values and underpins and sustains optimal business performance.
    [Show full text]
  • Role of the Safety Regulator
    minesafeWESTERN AUSTRALIA Volume 19 no. 2 OCTOBER 2010 Role of the safety regulator ................................................. GETTING THE JOB DOne – SAFELY ................................................. ON THE ROAD WITH SAFE TOUGHNESS ................................................. SURFACE MINE EMERGENCY RESPONSE MineSafe vol. 19 no. 2 October 2010 COMPETITION 10 21 CONTENTS DEPARTMENTAL NEWS LEGAL NEWS INDUSTRY ACTIVITIES INDUSTRY PERFORMANCE 02 Safety reform progress report 13 What are you doing about 26 Miner’s Promise to leave a 04 What is the role of the mines your duty of care? lasting legacy 50 Mine helps Alex trial safety regulator? 28 Going underground in the city underground audits 51 Are you flashing? EXPLORATION SAFETY DIVISIONAL NEWS SURFACE MINE 14 Importance of exploration EMERGENCY RESPONSE CRUNCHING THE 08 Want to make a difference in notifications COMPETITION NUMBERS resources safety? 15 Raising dust at the Exploration 09 What you said about MineSafe Safety Roadshow 30 Mine site safety the real 52 Monthly mining workforce winner 10 Improving data handling with 53 Monthly exploration workforce 33 Realism the key to creating a the new SRS AXTAT+ 54 Distribution of safety and good scenario DANGEROUS GOODS health representatives as at SAFETY 36 Remote challenges for SIMON SAYS Newcrest Telfer 30 June 2010 16 Dealing with mineral 37 It’s tough being the new guys 38 No distance too far to hone 11 Bad news may get better concentrates classified as SIGNIFICANT INCIDENT results UN 3077 safety skills 18 Transport of
    [Show full text]
  • 191024 Newcrest Sept 2019 Quarterly Report
    Quarterly Exploration Report For the three months ended 30 September 2019 Highlights Newcrest continued the search for new discoveries during the September 2019 quarter with greenfield exploration activity undertaken in Australia, USA, Ecuador and Chile, the highlights of which include: • Further high grade drilling results at Havieron, Western Australia including • HAD017 45.0m @ 7.1 g/t Au and 0.08% Cu from 1077m; and • HAD018 returned 96.4m @ 4.5 g/t Au and 0.14% Cu from 916.4m • The commencement of drilling at Red Chris, Canada with four drill rigs mobilised to site • The commencement of drilling at Tanami, Western Australia Havieron Project, Western Australia Drilling continued to assess the Havieron Project in the Paterson province in Western Australia with 7 holes for 9,180 metres completed, including the drill holes released on 10 September 2019. Table 1: Significant Havieron Q1 2020 intercepts Hole ID From (m) To (m) Width (m) Gold (g/t) Copper (%) HAD012 900 943 43 7.9 0.83 HAD013 481 517 36 4.1 0.84 HAD014 450 694.6 244.6 2.0 0.40 Including 465 494.3 29.3 4.0 0.86 Including 557 579.4 22.4 4.3 0.82 HAD014 816.6 891.9 75.3 3.4 0.43 Including 859.3 872.5 13.2 16 0.93 HAD017 780 904 124 1.6 0.35 Including 880.2 895.4 15.2 5.7 1.2 HAD017 1011.4 1061 49.6 2.9 0.12 HAD017 1077 1122 45 7.1 0.08 Including 1095 1121 26 3.8 0.12 HAD018 597.3 673 75.7 1.9 0.5 Including 607 624 17 1.4 0.99 Including 632.8 649 16.2 6.7 0.56 HAD018 916.4 1012.8 96.4 4.5 0.14 Including 928.5 943.9 15.4 20 0.32 Newcrest Mining Limited – Quarterly Exploration Report to 30 September 2019 Drilling has defined up to 4 sub vertical zones of higher-grade mineralisation in a larger envelope of variable mineralised crackle breccia fractured host rock.
    [Show full text]
  • Factors Influencing Demand: Jewellery Demand Especially in India and China and for Financial Speculation Yokogawa’S Involvement with Gold
    Gold Au Uses: For jewellery, in investments and uses in electronics and dentistry Factors influencing demand: Jewellery demand especially in India and China and for financial speculation Yokogawa’s involvement with gold We have control systems in these mines Cowal – Barrick Gold Located in Western NSW, Cowal mine in 2011 produced 269,000 ounces of gold. It is an open pit. It is 100% owned by Barrick Gold Corporation of America. The gold is processed by carbon in leach and flotation methods. A Yokogawa Centum DCS controls the production process. Hidden Valley Gold Plant - Newcrest In the Morobe province of Papua New Guinea, the Hidden Valley mine is 50% owned by Newcrest Mining and 50% by Harmony Gold. Hidden Valley is an open pit mine, consisting of three main ore bodies: Hidden Valley, Kaveroi and Hamata. The processing plant utilises conventional gravity and carbon in leach circuits for gold and a Merill Crowe circuit for silver. In 2013 Hidden Valley produced 170,008 ounces of gold and 1.7 million ounces of silver. A Yokogawa Centum DCS controls the production process with an Exaquantum plant information system. Boddington – Newmont Located in south west Western Australia. It is owned 100% by the Newmont Mining Corporation of America. In 2011, Boddington produced 741,000 ounces of gold and 30,000 tonnes of copper. Processing methods include Flotation gravity recovery and carbon in leach. It is an Open pit. A Yokogawa Centum DCS controls the production process with an Exaquantum plant information system. Kalgoorlie Consolidated Gold Mines KCGM – Newmont and Barrick JV Kalgoorlie, Western Australia.
    [Show full text]
  • Western Australian Mineral and Petroleum Statistics Digest 2018-19
    Government of Western Australia Department of Mines, Industry Regulation and Safety WESTERN AUSTRALIAN MINERAL AND PETROLEUM STATISTICS DIGEST 2018-19 years 125 OF PUBLISHING RESOURCE INDUSTRY STATISTICS FOR WA Disclaimer Information provided in this digest is made available without charge, as a public service, in good faith. The information provided is derived from sources believed to be reliable and accurate at the time of publication. However, use of the information in the digest is at your own risk. The digest is provided solely on the basis that users will be responsible for making their own assessment of the information provided therein and users are advised to verify all representations, statements and information for decisions that concern the conduct of business that involves monetary or operational consequences. Each user waives and releases the Department of Mines, Industry Regulation and Safety and the State of Western Australia and its servants to the full extent permitted by law from all and any claims relating to the use of the material in the digest. In no event shall the Department of Mines, Industry Regulation and Safety or the State of Western Australia be liable for any incidental or consequential damages arising from any use or reliance on any material in this digest. Prices and values provided are in Australian dollars, unless otherwise stated. There may be some discrepancies in percentages owing to the rounding of values. Copyright © 2019 Copyright in this document is reserved to the State of Western Australia. Reproduction
    [Show full text]
  • 2020 Annual Report We Are Well Positioned to Deliver on Our Near-Term Growth Options of Havieron, Red Chris and Wafi-Golpu
    2020 Annual Report We are well positioned to deliver on our near-term growth options of Havieron, Red Chris and Wafi-Golpu. Sandeep Biswas, Managing Director and Chief Executive Officer OUR VISION To be the Miner of ChoiceTM for our people, shareholders, host communities, partners and suppliers. LIHIR, PAPUA NEW GUINEA NEWCREST 2020 ANNUAL REPORT 1 OUR COMPANY OUR MISSION Asset Overview 04 Key Achievements for FY20 06 To safely deliver Chairman’s Report 08 superior returns to our Managing Director’s Review 10 stakeholders from finding, Safety & Sustainability 12 developing and operating People 14 gold/copper mines. Organic Growth Opportunities 16 Newcrest’s Value Proposition 18 The Board 20 Mineral Resources and Ore Reserves 24 Directors’ Report 34 Corporate Directory 184 2 FORGING A STRONGER NEWCREST Forging a Stronger Newcrest Our clear focus remains on eliminating The health and safety of fatalities and life-changing injuries from our business, while striving to make continual progress on reducing all injuries our people is of primary and health impacts. importance at Newcrest. We believe that a strong and enduring commitment to the health and safety of our workforce best reflects our values and underpins and sustains optimal business performance. To achieve Newcrest’s full potential for our stakeholders, our company strategy focuses on five key pillars, each with associated aspirations which were set in February 2016. Safety & People Operating Technology Profitable sustainability performance & innovation growth Our aspirations Zero
    [Show full text]
  • Wa's Largest Gold Miners
    Gold Miners SPECIAL REPORT businessnews.com.au FEATURE GOLD MINERS We’ve got “quite a bit of real estate to explore - Glenn Jardine De Grey is bullish about its Hemi discovery in the Pilbara. Photo: De Grey Mining New gold mines to bolster sector Favourable market conditions have led to a suite of new gold producers and projects. WESTERN Australia’s goldminers have That’s evidenced by recent in the prior financial year, according continued to thrive in 2021, with the fluctuations in the gold price, which to the latest data from the Department sector raising billions of dollars in the this year has ranged from $US1,683/ of Mines. past 12 months. ounce to $US1,908/oz. That figure could grow further, given Although retreating from an all-time Much like WA’s iron ore producers, the ease with which goldminers and high in August last year, the price of goldminers have continued to benefit explorers are able to raise funds. gold has remained well above where it from strong prices and other favourable Perth-based HopgoodGanim Jessica Mascione was in 2018 and 2019, largely because market conditions, providing incentives Lawyers has estimated that, of the [email protected] of continued economic uncertainty for companies to begin new projects. $7.6 billion raised by WA resources caused by COVID-19. That has also provided an incentive companies in the past 12 months, It’s influenced by several other for junior miners to seek investment $3.3 billion can be attributed to gold macroeconomic factors including for exploration.
    [Show full text]
  • Modern Slavery Statement 1 NEWCREST 2020 MODERN SLAVERY STATEMENT
    2020 Modern Slavery Statement 1 NEWCREST 2020 MODERN SLAVERY STATEMENT Disclosure Notes This Statement is made in accordance with the Modern Slavery Act 2018 (Cth) This Statement describes the steps taken by Newcrest Mining Limited and its for the period 1 July 2019 to 30 June 2020. This is a joint statement made on behalf owned and controlled entities (Newcrest or the Group), including the reporting of the following entities, which we have determined are reporting entities under entities above, to assess and address Newcrest’s modern slavery risks. Unless the Modern Slavery Act: expressly stated otherwise, references to ‘we’, ‘us’ and ‘our’ refer to the Group as a whole including the reporting entities listed above. This Statement does not – Newcrest Mining Limited (ACN 005 683 625), the group’s parent company. extend to non-managed sites unless expressly stated. – Newcrest Operations Limited (ACN 009 221 505), which holds a 30% interest in the Telfer mine (a joint venture with Newcrest Mining Limited) and interests in In March 2020, Newcrest completed the sale of its 75% interest in PT Nusa a number of exploration tenements throughout Australia. Halmahera Minerals (‘PT NHM’), which operates the Gosowong mine (Gosowong) in – Cadia Holdings Pty Limited (ACN 062 648 006), which owns and operates the Indonesia, and 100% of PT Puncakbaru Jayatama (‘PT PJ’), which employs exploration Cadia Valley Mine. personnel in Indonesia. This Statement includes PTNHM prior to completion of the sale as part of the discussion of majority owned and managed assets. – Lihir Gold Limited (ARBN 069 803 998), owner and operator of the gold mine located on Lihir Island in the New Ireland province of Papua New Guinea (PNG).
    [Show full text]
  • 2015 Annual Report
    Newcrest Mining Limited Annual Report 2015 1 Key Achievements Financial Year 2015 2 Results at a Glance 4 Chairman’s Report 5 Managing Director’s Review 6 The Board 8 Forging a Stronger Newcrest 9 Safety 10 Operations/ Projects/ Exploration 22 Sustainability 24 Mineral Resources and Ore Reserves 32 Corporate Governance Statement 33 Diversity and Inclusion 34 Financial Report 35 Directors’ Report 38 Operating and Financial Review 62 Letter from the Chairman and the Chairman of the Human Resources and Remuneration Committee 63 Remuneration Report 90 Auditor’s Independence Declaration 91 Consolidated Income Statement 92 Consolidated Statement of Comprehensive Income 93 Consolidated Statement of Financial Position 94 Consolidated Statement of Cash Flows 95 Consolidated Statement of Changes in Equity 96 Notes to the Consolidated Financial Statements 139 Directors’ Declaration 140 Independent Auditor’s Report 142 Shareholder Information 144 Five Year Summary IBC Corporate Directory Newcrest is one of the world’s largest gold mining companies, with operating assets in four countries, predominantly in Australia and the South-West Pacific region. The Company’s key priorities are safety, operating discipline, cash generation and profitable growth. 1 Cadia Valley 100% Newcrest 4 Gosowong 75% Newcrest 7 Bonikro 89.89% Newcrest 2 Telfer 100% Newcrest 5 Wafi-Golpu 50% Newcrest 8 Namosi 69.94% Newcrest 3 Lihir 100% Newcrest 6 Hidden Valley 50% Newcrest 7 4 3 6 5 8 2 1 Key Achievements Financial Year 2015 Improved operational and financial performance
    [Show full text]