As 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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Newmont proposes Newcrest US$16.9 billion takeover
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.…
Read MoreCaterpillar, Newmont hit automation milestone at Boddington
Newmont’s Boddington operation, which has the distinction of being Western Australia’s largest gold operation, has met a significant target with the gold industry’s first autonomous haulage system: 100 million tonnes (110 million tons) hauled. Full article.
Read MoreNewmont puts Yanacocha on ice
Gold miner Newmont has opted to put an investment decision on hold for its Yanacocha sulphides project in Peru, part of its planned expansion of the mine to extend its lifespan beyond 2040. The company said it will now make its full-funds decision on the project during the second half of 2024, citing the market as well as “the continued…
Read MoreDiscovery Silver adds Esplin as COO
Canadian-based and Mexico-focused Discovery Silver, owner of the Cardero silver complex in the Chihuahua state, has appointed former Newmont and Barrick executive Anthony Esplin to serve as its chief operating officer (COO). View full article from North American Mining.
Read MoreNewmont acquires Yanacocha interest
Newmont has confirmed it has inked a deal with Peruvian precious miner Compañia de Minas Buenaventura to acquire its 43.65% interest in the Minera Yanacocha gold mine in Peru. The $300 million transaction, which also includes contingent payments of up to $100 million hinging upon market pricing, will also allow Newmont to transfer its ownership interest in the La Zanja…
Read MoreNewmont selling power business to Northern Star
Northern Star will soon own more power after buying Newmont’s power business from its Australian division for US$95 million. The move comes after the former paid $25 million for a 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM), which afforded it the option to obtain the business from Newmont. Northern Star now has a sale agreement with Newmont Australia to…
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