Newmont Mining

Newmont, Indonesia make peace: copper exports may resume this week

Cecilia Jamasmie | September 2, 2014
Newmont, Indonesia make peace: copper exports may resume this week

Both sides are closer than ever to ending an eight-month tax dispute over exports of the industrial metal's concentrates.

Newmont abandons mining arbitration case against Indonesia

Cecilia Jamasmie | August 26, 2014
Newmont abandons mining arbitration case against Indonesia

Operations at the miner's Batu Hijau copper and gold mine to resume soon.

Busy times ahead: global mining deals on their way up

Cecilia Jamasmie | August 24, 2014
Busy times ahead: global mining deals on their way up

Gold assets among favourites.

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

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

Cecilia Jamasmie | August 10, 2014
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 still keen on Barrick merger

Frik Els | August 7, 2014
Newmont still keen on Barrick merger

Newmont CEO Gary Goldberg says interested in restarting merger talks that collapsed in April.

ArcelorMittal buys Mount Nimba from BHP

Frik Els | August 1, 2014
ArcelorMittal buys Mount Nimba from BHP

The deposit in the south of Guinea boasts 935 million tonnes of 63.5% direct shipping ore.

Newmont to spend $900 million to develop Suriname gold mine

MINING.com Editor | July 29, 2014
shutterstock dump truck 400

Gold reserves of 4.2 million ounces at an average grade of 1.22 grams per tonne

Freeport, Indonesia make peace: copper exports to resume in August

Cecilia Jamasmie | July 25, 2014
Freeport, Indonesia make peace: copper exports to resume in August

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

Cecilia Jamasmie | July 24, 2014
Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.

Indonesia lifts six-month ban of metal concentrate exports

Cecilia Jamasmie | July 22, 2014
Indonesia lifts six-month ban of metal concentrate exports

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

Goldcorp mulled buying Newmont Africa mines: Bloomberg

Jeffrey Richmond | July 18, 2014
goldcorp mulled buying newmont africa mines bloomberg feat

Move signifies departure for Vancouver-based miner.

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Cecilia Jamasmie | July 17, 2014
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."

Barrick Gold ousts CEO Sokalsky in major shakeup

Cecilia Jamasmie | July 16, 2014
Jamie Sokalsky

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

Cecilia Jamasmie | July 11, 2014
Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

The transaction would be worth over $2 billion.

Freeport, Indonesia reach preliminary deal over copper exports

Cecilia Jamasmie | July 7, 2014
Freeport, Indonesia reach preliminary deal over copper exports

Newmont, instead, was called to return to the negotiation table or face the consequences.

Freeport-McMoran mulls selling one of largest copper mines in Chile

Cecilia Jamasmie | July 3, 2014
Freeport-McMoran mulls sale of one of largest copper mines in Chile

Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.

Main opponent of Newmont's gold project in Peru in prison

Cecilia Jamasmie | June 26, 2014
Main opponent of Newmont's gold project in Peru in prison

Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.

Freeport, Indonesia make headway towards settling copper exports impasse

Cecilia Jamasmie | June 17, 2014
Freeport to resume Indonesia copper exports within days

The parts agreed on basic framework for contract renegotiations for Grasberg mine.

Newmont halts all operations in Indonesia, declares force majeure

Cecilia Jamasmie | June 5, 2014
Newmont halts all operations in Indonesia, declares force majeure

The company is putting about 80% of its Batu Hijau mine employees on leave at reduced pay from Friday.

Newmont stops copper output at Indonesia mine

Cecilia Jamasmie | June 3, 2014
Newmont stops copper output at Indonesia mine

The miner said its concentrate storage facilities have reached full capacity and that it is still trying to delay putting its employees on paid leave at reduced compensation

Global mining deals picking up, but far from returning to boom times

Cecilia Jamasmie | May 18, 2014
Global mining deals picking up, but far from returning to boom times

Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.

Northern Star to become Australia’s No.2 gold producer after acquiring Jundee mine

Cecilia Jamasmie | May 13, 2014
Northern Star to become Australia’s No.2 gold producer after acquiring Jundee mine

Jundee is expected to lift Northern Star's production from about 350,000 ounces a year to about 550,000 ounces a year by 2015.

Barrick’s profit dives 90% in Q1, cuts full year copper output outlook

Cecilia Jamasmie | April 30, 2014
Barrick’s profit dives in Q1, cuts full year copper output outlook

Adjusted net earnings totalled $238 million or $0.20 per share, a dramatic drop from the $923 million or $0.92 per share logged last year.

Newmont's pointed to letter to Barrick: Merger is off

Michael Allan McCrae | April 28, 2014
newmont letter to barrick gold merger off feat

"We read in the continuing reporting of the transaction in the financial press a pointed characterization of our company."

Newmont up on Q1 results while Barrick blasts company's culture

Michael Allan McCrae | April 25, 2014
newmont q1 feat

Not shareholder friendly and bureaucratic.

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