Newcrest Mining has acquired a further US$79.6 million ($116.5 million) worth of Lundin Gold shares, increasing the Australian gold company’s ownership to 32 per cent.
Australia’s gold mine output in the September quarter declined by five per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates.
Mining consultancy MEC Mining has expanded into Western Australia with the opening of a Perth office.
Stay on top of the most popular stories on Australian Mining over the past week, including a review of the fall in iron ore prices since July.
Joint venture (JV) partners Newcrest Mining and Encounter Resources have completed the first phase of RC drilling at Hutch’s Find in the Tanami region of Western Australia.
Newcrest Mining has rolled out Microsoft cloud, artificial intelligence (AI) and Internet of Things (IoT) technologies at its Cadia Valley gold mine to monitor and manage crushed ore bin levels.
Newcrest Mining is confident in hitting its production guidance for the 2020 financial year, despite a drop in its September quarterly output.
Australian investors have flocked to gold as a safe haven commodity amid rising fears of a global recession.
Newcrest Mining and Encounter Resources have begun drilling at the Hutch’s Find prospect in the Tanami region of Western Australia.
Newcrest Mining has released an additional 3366 metres of drilling results from its Havieron project, which is near the company’s Telfer mine in Western Australia.
Alkane Resources claims recent drilling has revealed “Cadia-style” results at its Boda and Kaider prospects in New South Wales.
Macmahon Holdings expects an “acceptable agreement” will be made with Newcrest Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.
Macmahon Holdings will remain in a trading halt on the Australian Securities Exchange (ASX) in anticipation of an announcement about its contract dispute with Newcrest Mining.
Newcrest has achieved “very strong results” throughout the 2019 financial year driven by a record-breaking performance from its Cadia mine in New South Wales.
Artificial Intelligence (AI) is making waves by disrupting almost every aspect of our lives, business and industry, and mining is no exception.
Stay on top of the most popular stories on Australian Mining over the past week, including BHP’s plans to expand its Nickel West division in Western Australia.
Macmahon is set to escalate its contract dispute and pursue legal action against Newcrest Mining to get better rates for its work at the Telfer project in Western Australia.
Stay on top of the most read articles on the Australian Mining website over the past week, including the discoveries of gold nuggets across Australia.
Newcrest Mining and Encounter Resources have gained grounds in their series of joint ventures (JV) in Western Australia, which are sole funded by Newcrest.
Newcrest Mining has finished off the 2019 financial year with both quarterly and annual gold production records at the Cadia mine in New South Wales.