Newmont has offset a production downturn with higher grade ore milled at four of its global assets, including the Boddington gold mine in Western Australia.
Newmont has delivered first production from its new autonomous truck fleet at the Boddington gold mine in Western Australia.
Newmont Corporation has agreed to acquire Canadian miner GT Gold Corp for $US311 million ($402 million) in a deal that will bolster its copper-gold output.
Newmont expects to produce over 1.3 million ounces of gold from its Australian operations this year, with the Boddington gold mine in Western Australia as the top contributor.
Newmont Corporation increased its gold reserves by six million ounces to 94.2 million during 2020 despite facing the challenge of the COVID-19 pandemic.
Newmont Corporation has detailed its long-term outlook for its gold operations globally, including a production increase at the Boddington mine in Western Australia starting 2021.
Surbiton Associates director Sandra Close believes Australia’s gold production in 2020 may surpass last year’s record results despite output dropping in the September quarter.
Dingo has announced a global partnership with Newmont Corporation that will enable the latter to accelerate the implementation of its remote asset health monitoring support model.
Newmont, a top performer in London-based Alva’s environment, social and corporate governance (ESG) report during the third quarter, has committed to a 30 per cent green house gas emissions reduction by 2030 and is aiming for zero emissions by 2050.
Newcrest Mining has withdrawn from its Euro gold project farm-in agreement with Prodigy Gold in the Tanami region of the Northern Territory.
Industry-leading wear materials have more than doubled the wear life of Warman’s MCU 250 pump at Newmont’s Tanami gold operation in the Northern Territory.
Mining companies such as Newmont, Glencore and Eriez Flotation are set to form a consortium to improve the energy efficiency of mineral processing operations.
Newmont has awarded a $24 million contract to ABB for its Tanami gold mine in Northern Territory.
Newmont has significantly reduced greenhouse gas emissions across its operations, with the company’s 2019 sustainability report showing that it has almost fulfilled this year’s targets.
Newmont has formed a partnership with the University of Queensland and the Australian National University to study the role and effectiveness of independent inquiries in the mining industry.
Valmec has secured a contract with Newmont for the Tanami gold mine’s stage two expansion project in the Northern Territory.
Newmont has reported a more than ninefold rise in earnings in the first quarter of this year, a period that included a number of activities that impacted its Australian operations.
With an influx of automation technology entering the mining industry, companies continue to look for ways to take advantage of the latest gadgets. And as the coronavirus causes ripple-effects across the country’s workforce, automation could prove to be a saving grace.
Evolution Mining has finalised its acquisition of the Red Lake gold mine in Ontario, Canada from Newmont for a total consideration of $US375 million ($612 million).
Newmont has withdrawn its 2020 full year guidance as some production could be deferred into 2021.