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I don’t know the technicalities. Probably nothing like that quantity, with a lot of waste turned into paste for infil. That sort of thing.
These things are apparently engineered for life. One wonders how many million tons a year can be added to them, building them up, and still remain within what is sensible. Having said that, it must have all been taken into account when Newcrest and Ggp earmarked Telfer for Havieron ore.
The available modelling indicates any failure of TSF 7 would be limited to the immediate vicinity
of Telfer Mine. A failure could impact the Telfer mine site village to the east, or mine site
infrastructure if the breach was to the west.
The Emergency Preparedness and Response Plan (EPRP) is covered under the Dam Safety
Emergency Plan (DSEP) and the site emergency response plan.
The purpose of DSEP is to enable Newcrest to manage incidents that could occur at Telfer TSF 7
and/or TSF 8. The DSEP identifies potential events and incidents, defines those personnel
responsible for dam operation and implementation of the response, and describes procedures for
notification, communication and escalation of the emergency response.
The purpose of the site Emergency response plan is to activate and follow standard emergency
processes once the dam safety incident progresses to a site emergency. This includes integrated
incident and crisis management tools which are standardised throughout Newcrest.
In the event of a tailings dam related emergency, the site emergency response team would be the
first and primary responders. Due to the distance between Telfer and the nearest major centres,
the site emergency response team plan all initial responses without support from public agencies.
Mutual aid agreements are in place however due to distance, these supports are not relied upon.
Dates of most recent and next independent reviews
Newcrest uses the Canadian Dam Association guidelines for Dam Safety Reviews for all TSFs,
regardless of jurisdiction, and the frequency is driven by the most frequent of regulatory
requirements, ITRB recommendations and GISTM.
Dates of most recent and next independent reviews
Newcrest uses the Canadian Dam Association guidelines for Dam Safety Reviews for all TSFs,
regardless of jurisdiction, and the frequency is driven by the most frequent of regulatory
requirements, ITRB recommendations and GISTM.
Facility Telfer TSF 7
Date of last Dam Safety Review 2019
Next Dam Safety Review 5 years 2024
The 2022 Telfer Mine Closure Plan was approved by the Regulator (DMIRS) in June 2023,
meeting the regulatory requirements for closure liabilities and providing adequate financial
capacity for closure.
Thank you Bamps
The tailings dams are not company specific guidelines but Newmont have said their procedures are superior to Newcrests.
This would mean that thorough investigations of the dams are being carried out probably resulting in these defects being found out.
There are global recommendations for detailed construction of tailings dams.
This is one https://unece.org/fileadmin/DAM/env/documents/2014/TEIA/Publications/1326665_ECE_TMF_Publication.pdf.
Regarding the processing plant, there will be manuals but there’s also the staff there to continue using them plus we have Otto who used to run it, so I would expect an easy transition from Newmont to Ggp. Although expect to see a lot of efficiency methods introduced. We have a lot of experts on the Board.
Regarding if Ggp doesn’t get Telfer and a new plant is required, you have to remember we don’t need a big plant to start off with 3mt a year is small scale. There are small modules on the market, check out Jlp in Zambia there planning loads around that country, I think the price is about £6m but would have to check that.
The main issue with a plant at Havieron is its on an environmentally sensitive spot so room is limited. I mentioned this to Shaun in London but he said it would be no issue.
I’m not convinced of that when you look at how big Telfer has become, from the satellite images it would cover the most of Scallywag.
Telfer at the moment can be seen from way up, Havieron is not visible.
The cubic metre of the Telfer pond is around 250m cubed, my top ovoid cube is around 175m down to 900m. They will be comparable eventually.
I think this week's sp would be very different form the last. so many stop losses have been hit by that giant wick triggering a lot of buys. They must have panicked and pull the price down so quickly. I dont think they can hold it down anymore.
ATB
Proper link
https://www.tradingview.com/x/SsBaWaGY/
Hi, I thought this would be interesting to see. very unusual.
blob:https://www.tradingview.com/ab48e866-c1d6-4917-afb6-374f726d4f46
Cheers for the replies Ben & Red.
First the positive aquifer news and then the potential to avoid dilution. I’ve tried to top up when these de-risking events either take place or we get positive communication and will continue to do so GLA 👍
best way forward for nem is to say to ggp what price for everything in the paterson and take responsibility for everything in other words wash our hands of everything and walk away. i say yes 1$ and 300 million usd bond to cover restitution of telfer. ggp would have to use nem/newcrest design and engineering practices and mining safety manuals to run telfer and finish havieron as ggp will not have such a document/manual, one cant do the repair of the tailing dam on the back of a *** packet. dm
Well that’s a start Freddie, see it’s not too difficult to be a tad positive, is it. Chat later, as just taxing down to the runway. I’ll look out for you in around 20 mins when I fly by 😂
Freddie, it’s an alternative view which is ok, however I reckon Newmont will have it sorted in short order. I would reckon any maintenance will be completed on the plant whilst production is on hold and then it’ll business as usual. Meanwhile Shaun will be getting a few quid knocked off the price and Newmont will want it off their books even quicker.
Ha ha “ i don’t believe it” the sun not found its way to the west country yet lol hopefully we won’t have one foot in the grave before we get rich , good luck sir
Https://www.fxstreet.com/news/gold-price-rebounds-on-downbeat-nfp-data-softer-us-dollar-202405060411
Freddie, I do feel sorry for your family, having to put up with what I can best describe as a Victor Meldrew character 24/7. We’ve finally come out of a dismal winter and the sun has begun to shine. Any chance you might just change with the season’s also and put a smile on yer face. You never know, you might just like it.
Ok ok i know you don’t like to hear these things spade i apologise but we don’t know for sure do we
Freddie the only massive negative as you put it, is you.
It could also be a massive negative, they could make a decision change and take the hit and close it ! Where would ggp be then ? At least 5 years to build a new plant i would assume . Just for balance of course
Most people knew this already, but it's only widely being reported today, I believe due to the official 'WorkPlace' prohibition notices being issued.
Overall, IMHO, it's actually a positive thing for us, if we're in any negotiations with Newmont, since it's better it's happened now (and also earlier) rather than later, and can be factored more fully into those negotiations, highlighting in general, too, the risks & costs involved with aging plant.
Production at one of Australia’s largest gold mines has been put on ice for the second time in less than six months due to a crippled tailings dam.
A Newmont spokesman told The West Australian that milling activities were suspended at the historic Telfer mine in the East Pilbara following “detection of seepage” from a section of the wall at one of its tailings storage facilities (TSF 7) on April 14....
https://thewest.com.au/business/mining/newmonts-for-sale-telfer-gold-mine-in-the-pilbara-halts-production-again-over-tailings-seepage-concerns-c-14563896
https://www.businessnews.com.au/article/Newmont-pauses-Telfer-after-notices
What a load of Malarkey !
Don’t bother replying as your going straight in the bin, along with the rest of the rubbish.
How many times is it now that Zak Mir has also stated total ball-locks ? Way too many to remember !
Yes despite many complaints as I said the retracement is on, maybe is because some do NOT know how things work.
It went up from the recent bottom, and now had the retracement last Friday reaching 5.70p intraday low it was the 61.8% retrace I mentioned was normal any share with a rise is expected to have.
6 days chart of rise/ retrace and Fibonacci... https://uk.advfn.com/p.php?pid=chartscreenshot&u=1IHZzoWXHhyBxMMdj8iNCXhymAU59VN4uqD3QT0JyHs=
MasterRSI - GGP RE: 70% 2 May 2024 22:25
......"So far the retrace is 38.2%, the 50 or 61.8 % Fibonacci is normal."
This is what the sector has been waiting for... blow out results profit margins growing and reported
Time is nearly here
https://youtu.be/Zmo8R1wSGvI?si=DehUuBBWE1iPMh2H
Https://www.zerohedge.com/commodities/chinese-have-grabbed-gold-throat-capital-flight-accelerates
There was an interview with a rep. from the World gold council on Sky news business segment earlier in the week with Ian King. He explained that the Chinese gov have been buying gold for the last 17 months consecutively. He sees no slowing up either. Apparently the reason is that only approx 4% of their foreign exchange reserves are in gold. Where as many of their peers have a double digit percentage. I wasn't able to watch the whole interview but it was a great insight.