Newmont Mining Corp. Mining News

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.

Newmont open to new partner to expand Yanacocha gold mine in Peru

A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025

Newmont begins production at its Suriname gold mine

Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.

Newmont responds to independent report on land dispute in Peru

The complex land dispute between members of the Chaupe family and Yanacocha remains a concern for Newmont, the company said.

Newmont ranked mining industry leader by Dow Jones Sustainability World Index for second year in a row

Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

Newmont selling Indonesian unit for $1.3 billion

With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.

Newmont steps up pressure against W. Australia’s royalty hike

Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.

Newmont Mining may halt Indonesia operations

The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.

Expect more write-downs coming soon to a gold miner near you

Gold sector's situation is about to get worse.

Anti-mining sentiment in Peru main barrier to sector’s growth – S&P

Despite current challenges the analysts expect significant growth in the country's mining industry.

Weak gold prices, Australian charge drive Newmont's $2bn loss

And sales declined 11% to $1.99 billion.

Protests against Canadian-owned copper miner in Peru build up

Local officials said the crowd is lead by some of the same organizers of rallies against Newmont Mining’s $5 billion Conga project.

Mining projects worth $7.5bn delayed by Peru's environmental authorities

More than half of the total reports submitted in early 2012 are still under evaluation.

Newmont recognized by Carbon Disclosure Project for third consecutive year

Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.

Anti-mining protests take a toll on Peru’s foreign investment

Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.

Peru gold mine protests grow

Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga copper and gold mine project.

Unions left out of Newmont's negotiations in Peru

Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.

Canadian Candente copper to restart drilling in Peru

Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.

Mining investment worth $50 billion in the balance as Peruvian lawmakers quit

Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.

Anti-mining demonstrators in Peru to start indefinite protest on May 31

Anti-mining protesters in Peru's Cajamarca region are scheduled to start an indefinite protest beggining May 31, local press reported. The main target is US-based Newmont Mining's $4.8 billion Conga mine project.

State of emergency in Peru after two anti-Xstrata protestors died in clashes with police

Peru's government declared a 30-day state of emergency on Monday night after two people were killed and dozens of police officers injured in violent anti-mining protests against Swiss based-Xstrata near Cuzco, in south eastern Peru.

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.

Massive quake in Indonesia triggers tsunami alert

An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced all mining companies in Indonesia to halt their operations until further notice.

Peru's gold output hits 6-month high on gains by Newmont

Peru's gold production reached 6-month highs on gains by Newmont Mining, one of the country's top miners, Bloomberg reports.