NEWCREST has entered into a five-year extension to its electricity contract for Cadia with EnergyAustralia that it says gives it a lower tariff and increased certainty for the medium-term.
Cadia's power deal is expected to reduce its costs going forward.
The contract, covering the period from July 1 2017 to June 30 2023, provides a base price, excluding regulated charges, about 20% lower than the previous contract price for the 2017-18 financial year....
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