The 55th Sydney Mining Club
with the support ofAUSENCO and HSBC
Thursday July 4th at 12.30 p.m.
Presents a company profile with
Newcrest CEO Tony Palmer
"Newcrest - the Australian Survivor Gets Growing"
Since Tony Palmers joining in December 2001, Newcrest has pulled off a most
spectacular hairpin. With a massive reserve goldstrike at Telfer, a new mine
opening at Ridgeway and solid exploration news, Newcrest is hitting the highlights. So
far it has evaded the South African and North American predators but now, with 50 million
gleaming ounces under its belt, it must deliver a complete project development and
operational success to realise the dream - and its resources.
There are some questions
Can Newcrest finish building Ridgeway with one hand and raise the capital and remake the Telfer operation with the other? Telfer is remote and doesnt enjoy the deep infrastructural bonuses of working near well-serviced Orange, NSW. Some wonder if the Telfer grade upgrade is real? Can there be any surprises in the sub-level caving at Ridgeway? To move north from its 600,000 Oz a year base, Newcrest will also depend heavily on the 200,000 Oz it takes from the 23g/t Gosowong mine in politically-wobbly Indonesia.
Analysts will also want to see boardroom stability following the quick CEO-succession from John Quinn, to Ian Johnson (acting), to Gordon Galt, to Bryan Davis (acting), to Russell Barwick in just a few years. But Melbourne-based Newcrest has brought large scale gold mining closer than ever to Sydney - and to its strong investment interest.
Born in Broken Hill, Tony Palmer won his main stripes bringing Olympic Dam into production on time and under budget in 1986. With the gold price peaking continuously and the good news running his way, he now has the chance to weave a big future for this enduring independent Australian. Find out how!
The Forum is held at the Tattersalls Club at 181 Elizabeth St, Sydney (adjoining the Sheraton on the Park).
There has been a relaxation of dress rules at the Tattersalls Club so ties and jackets are no longer required.
Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that drive our industry.
AusIMM students $10, AusIMM, AIG & SMEDG members $30, non-members $35.
Corporate Table bookings (10 people) $350.00 (incl GST) per table
Please note any bookings received after close of business on the Tuesday prior
to the lunch will automatically be charged a late fee of $10 per person.
The Tattersalls Club is at 181 Elizabeth St. Thank you for supporting your Sydney Mining Club and for your interest in the current affairs and issues that drive our industry.
The Sydney Mining Club
Fax bookings to 02 9416 2583
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(Other inquires call 02 9416 0666 and ask for Sharon Johnson)
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