trending Market Intelligence /marketintelligence/en/news-insights/trending/uw_igysho_mygkj7mq27vq2 content esgSubNav
In This List

Tailings dam breach forces Newcrest to declare force majeure on Cadia contracts

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Tailings dam breach forces Newcrest to declare force majeure on Cadia contracts

Newcrest Mining Ltd. declared force majeure on the supply of copper concentrates from the Cadia gold-copper mine in New South Wales, Australia, Metal Bulletin reported March 14, citing two sources.

The miner was forced to halt operations at the site following a tailings dam breach March 9. It later said the incident could "adversely impact" its 2018 guidance.

Newcrest notified its customers that it could not guarantee contractual supply of the concentrates, the sources said.

A company spokesman declined the publication's requests for comment.