The COVID-19 pandemic has caused a $5.3 billion ($7.4 billion) drop in the total value of mining deals during the second quarter of this year.
Newcrest Mining has continued its bullish development at its Cadia gold mine in New South Wales, leading to operational records headlining the June quarter.
Greatland Gold and Newcrest Mining have reached a land usage agreement with a prescribed Aboriginal body corporate for the Havieron joint venture project in Western Australia.
Newcrest Mining has raised an additional $200 million, after attracting $1 billion in funding during April, to support its gold expansion in Ecuador.
Monadelphous Group has secured construction and maintenance contracts, including with four Australian mining giants, worth a combined value of around $150 million.
Newcrest Mining has secured adequate levels of water to continue producing without restraint at the Cadia operations in New South Wales.
Newcrest Mining has completed its $1 billion raising within a day of announcing the placement.
Papua New Guinea has swooped in to take control of Barrick Gold’s Porgera gold mine after refusing to extend a special mining lease with the Canadian company.
Newcrest has qualified for 40 per cent interest in Havieron gold-copper project in the Paterson region of Western Australia.
Geopacific Resources has repatriated all Australian staff from the Woodlark Island gold mine for coronavirus-related health and safety concerns.
Newcrest has updated its gold production guidance for the 2020 financial year following a disappointing performance at the Lihir mine in Papua New Guinea and the Telfer mine in Western Australia.
Newcrest Mining has completed its sale of the Gosowong gold-silver mine in North Maluku, Indonesia in accordance to a new divestment rule in the country.
Australian gold production reached an all-time record of 325 tonnes last year, with a particularly outstanding December quarter, according to Surbiton Associates.
Newcrest Mining has inked a $60 million agreement with Antipa Minerals to explore the southern portion of the junior’s ground in the Paterson Province, Western Australia.
For many years mining companies have been urged to improve how they collaborate in the industry and their supply chain through joint ventures and partnerships.
Mining companies such as BHP and Rio Tinto have responded to the national fire crisis by donating millions in funds to the Red Cross.
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.
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