Cadia electricity contract extended

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 electricity contract extended Cadia electricity contract extended Cadia electricity contract extended Cadia electricity contract extended Cadia electricity contract extended

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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