Australian gold production fell by 10 tonnes, or 12 per cent from the previous quarter during the March period, according to gold consultants Surbiton Associates.
The value of mergers and acquisitions (M&A) deals in Australia’s metals and mining industry reached US$3.37 billion ($5.2bn) in Q4 2019.
Stay on top of the most popular stories on Australian Mining over the past week, including the announcement that Boddington will become the world’s first open pit gold mine with an autonomous haul truck fleet.
Northern Star Resources has completed the acquisition of a 50 per cent stake in the Super Pit previously held by Newmont Goldcorp, joining Saracen Mineral Holdings as owners of the Western Australian site.
Stay on top of the most popular stories on Australian Mining over the past week, including a security concern that has slowed operations for Rio Tinto in South Africa.
Newmont Goldcorp is set to contribute 1.5 million ounces of production from its Australian operations next year.
Evolution Mining chairman Jake Klein has switched focus to turning around the performance of the company’s latest acquisition, the Red Lake gold complex in Canada.
Evolution Mining is the latest Australian gold miner to target North America for expansion after securing a deal to acquire the Red Lake Gold Complex in Canada from Newmont Goldcorp.
Saracen Mineral Holdings has secured funding that it needs to acquire Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Western Australia for $US750 million ($1.1 billion).
Saracen Mineral Holdings has emerged as the successful bidder for Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Kalgoorlie, Western Australia.
Newmont Goldcorp has produced 1.64 million ounces of gold during the September quarter, a 28 per cent increase on the same period last year, as gold prices continued at six-year highs.
Newmont Goldcorp has approved to move the second expansion project at the Tanami gold mine in the Northern Territory into the execution phase.
Newmont Goldcorp has launched the Borden gold project in Ontario, Canada, which is being described as the region’s ‘mine of the future.’
Stay on top of the most popular stories on Australian Mining over the past week, including the expected surge in demand for mining jobs to support new projects during the next five years.
The World Gold Council has launched its responsible gold mining principles, a framework aimed at consumers, investors and the downstream gold supply chain.
Acquisition is the way to survival as major new greenfields discoveries appear to have dried up, according to PCF Capital principal Liam Twigger.
CSIRO has launched Voconiq to help companies tackle the issue of achieving a social licence to operate, one of the top business risks facing industry today.
Kurtarra Cape Joint Venture (KCU) has secured a contract with Rio Tinto to install 170 kilometre of optical fibre as part of the construction of a rail spur that connects the Koodaideri iron ore project to the mining company’s rail network.
Barrick Gold has come clean about bidding for its stake in the Super Pit gold mine in Kalgoorlie-Boulder, revealing that Northern Star Resources is amongst the frontrunners.
Kalgoorlie Consolidated Gold Mines (KCGM) has followed the lead of joint venture owner Newmont Goldcorp by providing generous parental or adoption leave, regardless of gender.