Barrick says sale talks are "robust" but with strongest pipeline in gold mining Denver-based Newmont may soon become globe's top producer anyway.
Newmont Mining Mining News
"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."
Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.
The complex land dispute between members of the Chaupe family and Yanacocha remains a concern for Newmont, the company said.
Denver-based Newmont Mining “prioritized eviction and litigation over dialogue” in its fight to acquire Goldman Prize winner Máxima Chaupe’s land in Peru.
Amended impact review for TMAC's 3.2 million ounce Hope Bay project in Canada's Nunavut territory completed.
One million ounces at all-in cost below $700 by mid-2017.
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.
There are some positives.
Newmont Mining’s exit after more than 30 years illustrates mining companies’ growing difficulties there.
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.
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.