Newmont Mining has completed its $US245 million (346 million) Tanami power project in the Northern Territory on schedule, coinciding with Tanami pouring its 10 millionth ounce of gold.
Barrick is in the process of revising its 2019 gold production guidance following the execution of its recent joint venture (JV) with Newmont Mining to create the world’s single largest gold producer.
The gold spot price has reached just over $US1300 ($1814) for the first time since May 2018.
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.
Newmont and Nexus Minerals have executed a sale and purchase agreement that will see Nexus acquire three tenements covering 190 square kilometres near its Wallbrook gold project in the Eastern Goldfields of Western Australia.
Northern Star is set to acquire the 4.1 million ounces Pogo underground gold mine in Alaska in a deal worth $US260 million ($347 million).
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.
Caterpillar and Newmont Mining have announced a technology collaboration to improve underground hard rock autonomous vehicles.
Hammer Metals is to conclude its joint venture (JV) agreement with Newmont Exploration as the latter has decided not to continue exploration funding.
Mining major Newmont has announced it is not going ahead with Greatland Gold’s Ernest Giles project due to a focus on other districts.
Kalgoorlie Consolidated Gold Mines (KCGM) has appointed Cecile Thaxter as its first female general manager.
Australian and international mining identities explain what they regard as the most exciting innovations at their respective companies.
Change management skills will be in high demand in the coming decade, according to general manager of operations services at Newmont Asia Pacific Lara Bruhns.
Australian gold production was marginally higher in the September quarter despite poor weather affecting some operations in the eastern states.
Gold has continued its post-Brexit rally, cementing its position as 2016’s top performing commodity.
Allegations of bribery have led Newmont to review its compliance with US foreign bribery law. “We occasionally identify or are apprised of information or allegations that certain employees, affiliates, agents or associated persons may have engaged in unlawful conduct for which we might be held responsible,” Newmont said in its quarterly statement. “We are conducting … Continue reading Newmont acts on bribery allegations
Newmont has sold its major share in Australian gold miner Regis Resources.
Barrick Gold would consider approaches for its stake in the Kalgoorlie Super Pit.
Newmont has made the top position on the Dow Jones Sustainability World Index (DJSI World), marking nearly a decade in the index.
A new gold discovery underneath Kalgoorlie will be grist for the rumour mill at the annual Diggers and Dealers conference, despite KCGM’s refusal to confirm or deny if it is true.