Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Tom Palmer, Newmont chief executive officer. “We value the strong relationship we’ve had with Orla…
Read MoreNewmont has agreed to sell its Coffee gold project in Yukon, Canada, to Fuerte Metals for up to $150 million in total consideration. Upon completion of the transaction, Newmont will have divested all its non-core assets, six operations and two projects. Full story.
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Engineering company Monadelphous has been awarded new construction and maintenance contracts in the resources and infrastructure sectors valued at more than $110 million. In the resources sector, the company won a contract for the provision of electrical and instrumentation construction services at Rio Tinto’s Parker Point Stockyard Sustaining Project near Dampier in Western Australia, with work expected to be completed…
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Global miner Newmont said three Hy-Tech Drilling workers were safely brought to the surface following two fall of ground incidents that occurred in the access way to the underground work area of a Red Chris mine project in British Columbia, Canada, on July 22. Full story.
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Global miner Newmont has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada, marking the completion of the miner’s divestiture program announced last February. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of…
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Newmont has agreed to sell its Porcupine gold operation in Ontario, Canada, to Discovery Silver for up to $425 million in total consideration. The transaction is part of the miner’s ongoing program to divest its non-core assets. Full story.
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Newmont has agreed to sell its Cripple Creek & Victor operation in Colorado to SSR Mining for up to $275 million in cash consideration. The mine is expected to add 170,000 ounces in annual gold production to SSR’s platform. Full story.
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Newmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner’s plan to divest its non-core assets. Full story.
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Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Full story.
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Newmont confirmed its Cadia operation in Orange, New South Wales, Australia has achieved The Copper Mark and The Molybdenum Mark following an independent assessment that recognised the responsible production practices at Australia’s largest underground mine. Cadia, Newmont’s first site globally to receive the award, successfully met more than 30 criteria needed in critical areas including environment, community, human rights and…
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