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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Newcrest Mining has increased rates for Macmahon’s work at its Telfer gold project in Western Australia, putting an end to their contractual dispute.
Safety and sustainability drive operational outcomes, according to Newcrest Mining chief development officer Michael Nossal.
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.
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.
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.
Rumble Resources and AIC Mines have signed an earn-in and exploration joint venture (JV) agreement to develop the Lamil gold-copper project in the Paterson Province, Western Australia.
Macmahon and Newcrest Mining have stepped into good faith negotiations over the Telfer project in Western Australia, which could lead to litigation if unsuccessful.
Newcrest Mining and Greatland Gold have agreed to a $US65 million farm-in to advance the Havieron copper-gold project in Western Australia.
Newcrest Mining more than doubled its half-yearly profit amid lower gold and copper prices, thanks to record high production at the Cadia operations in New South Wales.
Newcrest Mining has increased production at each of its four gold mines in the December quarter.
Gold miner Newcrest Mining has recorded falls in production at three of its mines due to maintenance programs and unplanned outages.
Newcrest Mining has delivered production records at three of its mines, the Cadia gold mine in New South Wales, Telfer copper-gold mine in Western Australia and Lihir copper-gold mine in Papua New Guinea.
Newcrest Mining has slashed its gold production guidance for the 2018 financial year to reflect the impact of last month’s tailings dam breach at the Cadia mine in New South Wales.
Newcrest Mining has increased gold output at all but one of its operations in fourth quarter 2017, putting the company on target to hit its production guidance for the 2018 financial year.
A fine of $130,000 has been issued to the company responsible for the death of a man at the Telfer Gold Mine in 2013.