China smelter group agrees to lower Q1 copper charges
The charges tend to fall when ore supply declines and rise when more concentrate is available.
Newcrest Mining (ASX: NCM) on Friday posted a 22.2% increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in New South Wales.
Australia’s biggest listed gold miner posted an underlying profit of $561 million for the full year ended June 30, compared with $459 million a year earlier.
The Melbourne-headquartered company declared a final dividend of 14.5 cents per share, up from 11 cents a year earlier.
(By Rashmi Ashok; Editing by Maju Samuel)
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