Newmont Mining

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
Barrick Gold ousts CEO Sokalsky in major shakeup

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, Indonesia make headway towards settling copper exports impasse

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.

Cecilia Jamasmie

Barrick-Newmont merger could be as good as gold

Cecilia Jamasmie | April 23, 2014
Barrick-Newmont merger could be as good as gold

The new gold giant would have a market value of $33 billion, operations on five continents, and a gold output of well over 12 million ounces a year.

Uranium miner Paladin falls as Newmont sells 5.4% stake

Cecilia Jamasmie | March 12, 2014
Enough uranium, but nuclear power is still shrinking

Newmont said the sale will generate more than $24 million in cash for the company.

Investors take chunks out of Newmont after big loss, reserves cut

Frik Els | February 21, 2014
Investors take chunks out of Newmont after big loss, reserves cut

Shares in world number two gold miner drop in heavy volume after missing on earnings and revenue and slashing gold and copper reserves.

Gold sector nightmare not over: price drop forcing them to slash reserves

Cecilia Jamasmie | February 14, 2014
Gold sector nightmare not over: price drop forcing them to slash reserves

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

Trouble with Indonesian government leads to Newmont downgrade

Ana Komnenic | February 4, 2014
Batu Hiijau mine, Newmont Mining

Analysts warn of increasing government pressure on miners in other jurisdictions as well.

Tickerscores.com

Which gold miners must replenish their reserves through M&A?

Tickerscores.com | February 2, 2014
Goldcorp profit hurt by prices, Argentina mine costs spike

We often hear that large gold producers are usually not the best explorers. As such, when it comes time to replenish or grow their resource base, they must look to M&A.

Newmont Mining drops more than 10% after releasing 2014 guidance

Ana Komnenic | January 31, 2014
Newmont Mining share price drops more than 10%

The company is reviewing its dividend policy and looking at possibly curtailing operations in Indonesia.

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