Drilling is set to begin April 24 on multiple exploration targets.
Newcrest Mining News
Australia’s largest gold producer has been searching for juniors with appealing assets in Western Australia's Paterson region to jointly develop them.
The world’s largest miner has signed an earn-in and joint venture deal with Canada’s Luminex Resources over the Tarqui copper project.
The joint venture will focus on advancing the London-based explorer’s Havieron project in Western Australia's prolific Paterson region.
Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
The megamerger mania now underway for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. could force mid-tier companies to team up in order to successfully compete.
Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
The country's gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years.
The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.
The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.
Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.
“The question becomes now, will there be a domino effect?”
Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.
The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.
Total, the 4th largest international Oil and Gas company has been awarded a 4-year contract with Newcrest’s Lihir Gold Mine in Papua New-Guinea (PNG), following a competitive tender process that began last November.
BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.
“A contributor to this performance in 2018 has been the underperformance of the royalty companies, which the fund has some exposure to."
But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.
INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.