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…
Read MoreAs Newmont plans a transition of its current executive vice president and COO Rob Atkinson to a new role focused on driving strategic initiatives for the company, it has appointed 30-year industry veteran Natascha Viljoen to the COO role. Full story.
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In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
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