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NEWCREST Mining has banked US$155 ($A209) million, the proceeds of its claim with its insurers in relation to the April14 seismic event that closed its Cadia copper-gold operation in New South Wales for several months.
Newcrest has received the insurance money for its claim over last year's seismic incident.
The seismic event on Good Friday 2017 caused Newcrest's Cadia East mine to be closed for several months.
Fears mine production could be hit by water shortages by the end of 2020.
Jacobs to handle Cadia material
