Barrick's off-loading half of the Kalgoorlie Super Pit and Newmont, its partner and operator of the iconic Aussie mine, would be the natural buyer.
Newmont Mining Mining News
World's number two gold producer's second quarter results ticks all the boxes as it throws off $486 million in free cash in its second quarter.
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
"We are one of the few who are building."
Newmont Mining Corporation was officially incorporated on May 2, 1921.
The gold and copper miner didn’t specified where the alleged misconduct took place.
The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).
Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.
Outlook also remains negative for Barrick, but Newmont's growing portfolio, $2 billion-plus earnings potential even at much lower gold prices praised.
The sale is part of Newmont’s ongoing efforts to reduce debt.
The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.
Barrick's shrinking production profile could see output fall by 1.5m ounces within two years. World no 2 Newmont Mining forecasts 14% growth next year.
Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.
The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.
The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
The precious metal is building on gains from earlier in the week, triggered mainly by escalating geo-political tensions in the Middle East and North Korea’s nuclear test.
World's number two gold producer forecasts lower costs and "steady profitable production through 2020".
Exports suspended for nearly two months over building of smelter.
The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.
Also approves expansion of Tanami mine in Australia.
The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.
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.
The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.