Barrick Gold and Newmont have agreed to form a joint venture (JV) at their Nevada, United States-based operations for a combined $5 billion in value over a 20-year period.
Barrick Gold’s hostile $US18 billion ($24.8 billion) takeover offer for Newmont Mining has hit its first hurdle after being unanimously rejected by the target.
Australia’s gold producers have capitalised on a surging price for the precious metal by delivering an all-time production record last year.
Barrick Gold has officially unveiled an offer to merge with Newmont Mining after several days of anticipation it would make a tilt for the gold rival.
The Canadian company has reviewed the opportunity to merge with the United States-based Newmont in an all-share, nil premium transaction.
Newmont Mining expects to produce 1.5 million ounces of gold in Australia in 2019 due to lower mining rates at the Super Pit and continued stripping at Boddington in Western Australia.
KCGM has slashed 140 positions from its workforce at the Kalgoorlie Super Pit gold mine in Western Australia after restructuring operations to reflect the impact of May’s rock falls.
Evolution Mining has received approval from the NSW Department of Planning and Environment (DP&E) to increase the Cowal operation’s processing rate up to 31 per cent.
Barrick Gold and Randgold Resources are set to deliver a shake-up to the gold mining industry by merging to create the world’s largest miner of the precious metal.
Australian gold output neared record highs during the 2017–2018 financial year, totalling 310 tonnes, or just under 10 million ounces (Moz). It is the highest output since the 1997–1998 financial year.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has extracted and produced gold using a non-toxic chemical process free of cyanide and mercury use.
The Super Pit rock falls have caused joint owner Newmont Mining to reduce its Australian gold production guidance to between 1.4 and 1.6 million ounces in 2018.
Australian manufacturer Deep Exploration Technologies CRC’s (DET CRC’s) prototype RoXplorer coiled tubing (CT) drill rig has come closer to market after acquiring a licensing agreement with mining equipment, technology and service (METS) major IMDEX.
Alicanto Minerals will retain 100 per cent ownership of the Arakaka gold project in Guyana, South America, following a decision taken by Barrick Gold to pull out of an earn-in agreement first established in March 2016
KCGM has conceded that a rock fall at the Super Pit gold mine this month will affect its workforce.
Australian gold production in Western Australia and Queensland has been interrupted by wet weather in the early months of 2018.
Curtin University is among several partners that will play a key role in developing the Mineral Exploration Cooperative Research Centre (MinEx CRC), which has received $215 million in funding from mining companies and the federal government.
E-waste, the process of recycling usable metals and materials from discarded technology for reuse, is becoming increasingly prevalent.
Barrick Gold has chosen to continue funding exploration at Alicanto Minerals’ Arakaka gold project in Guyana, South America, moving the contract between the companies into its third year.
A Western Australian Government decision to increase royalties for gold producers in its latest State Budget has angered the mining industry, which fears the move will close mines and cost jobs.