Newcrest pours 1st RI gold

Tue, 27 Jul 1999 | Source: DJ

MELBOURNE (Dow Jones): Australia's Newcrest Mining Ltd. said Monday it poured its first gold from the Gosowong project in Indonesia Sunday.

Newcrest owns 82.5 percent of the mine, and PT Aneka Tambang holds the remaining 17.5 percent

The plant is expected to be at full capacity by the end of September, the Australian company said.

"Construction and startup have been achieved on time and within the US$61 million budget," Newcrest noted.

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