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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Newmont said it is expanding its use of next-generation 5G wireless networks to improve mine safety following trial results from its Cadia underground operation in New South Wales, Australia. Before the trial with Ericsson and Telstra Purple, Newmont said Cadia was limited to upload speeds of 20-30 megabits per second using Wi-Fi to operate autonomous equipment such as ore loaders…
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Newmont recently selected industry veteran Francois Hardy to serve as its chief technology officer. He takes over for interim CTO Dean Gehring, who had served a dual role as the company’s chief integration officer. Gehring is stepping down from Newmont in early July. Hardy, who is joining the miner’s executive leadership team, will lead the technical work across the business…
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Newmont confirmed that two members of its technical services team died at the Cerro Negro mine in the Santa Cruz region of Argentina on April 9.
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Newmont’s Musselwhite operation, in commercial production since 1997, has achieved a mine life milestone: the pouring of its 8,000th gold doré bar. Full story.
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Newmont has completed the acquisition of Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper production. “Today marks…
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U.S.-based Newmont said its shareholders overwhelmingly voted in favor of the proposed acquisition of Australian rival Newcrest Mining. The deal will create a world-class portfolio of gold and copper assets.
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Newmont is planning to undertake cost-cutting efforts in 2024, and as such has opted to defer its decision of a full funds investment in the expansion of its Yanacocha sulphides expansion in Peru for “at least” two years. Officially, the producer said it wants to “advance…[a] portfolio optimization strategy” that will prioritize other opportunities and support a disciplined capital allocation…
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Newmont has suspended operations at its Peñasquito mine in Mexico in response to a strike notice by the National Union of Mine and Metal Workers of the Mexican Republic. The company said it will maintain essential activities related to safety, security and environmental monitoring and protection at the site. Full story.
Read MoreMiners and staff were all reported safe and are now back to work once again after a fire incident last week at Newmont’s Ahafo South mine laboratory in western Ghana. According to local media, the 9 April damaged equipment but did not injure anyone. The fire was brought under control without further issues. An investigation into the cause is still…
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