Premier Officially opens Cadia East Gold Mine

May 22, 2014

This week the NSW Premier Mike Baird MP officially opened the Cadia East Gold Mine, located at Newcrest’s Cadia Valley Operations, 25 kilometres from Orange in central western NSW. 



Pictured: Andrew Gee, Ian Gosper, Greg Robinson, Scott Ferguson,Mike Baird, Leigh Cox, John Davis, Katrina Hodgkinson,Tony McPaul.
 
“Mining is of huge importance to NSW and this expansion by Newcrest Mining is fantastic news for the state’s economy and for the Orange region,” said Mr Baird, who was joined at today’s event at Orange by Primary Industries Minister Katrina Hodgkinson and Orange MP Andrew Gee. 
 
“The opening of the Cadia East underground gold mine will extend the life of Newcrest Mining’s operations in the Cadia Valley, securing jobs and investment in the region until 2031,” Mr Baird said.
 
Cadia East has been developed as a large underground panel cave gold mine, the first of its type in Australia and when it reaches full capacity will be the largest metalliferous underground mine in Australia and one of the largest in the world. 
 
Newcrest has invested approximately $2 billion to develop the first Cadia East panel cave (‘Panel Cave 1’), associated infrastructure and complete a major expansion of Cadia’s processing plant capacity from 24 to 26 million tonnes per annum. 
 
The development of Cadia East sees the continuation of a 20 year history of exploration and mining development by Newcrest in the Cadia Valley. 
 
“Newcrest and the team at Cadia Valley Operations have worked hard over the past two and a half years to develop one of the most sophisticated metalliferous underground mines in the world.  The positive economic impact of the expanded Cadia Valley operations will be felt right across the Central West,” NSW Minerals Council CEO, Stephen Galilee said.
 
“This mine is a credit to the dedicated and skilled team at Newcrest.” 
 
Cadia East will ensure Cadia Valley Operations will continue to be a major contributor to the local economy, providing an average annual stimulus of approximately 1,900 direct and indirect jobs, $1 billion in direct and indirect regional output or business turnover, more than $550 million in direct and indirect regional value-add and over $160 million in annual household income. 
 
Greg Robinson’s speech at the Cadia East official opening is available on Newcrest’s website.
 

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