Newmont promotes Gary Goldberg to CEO

Gary Goldberg, Newmont Mining CEO (Courtesy Newmont Mining Corp.)

US-based Newmont Mining Corporation (NYSE:NEM) confirmed Friday the promotion of Gary Goldberg to chief executive officer.

An American mining engineer, Goldberg, 53, had previously been the chief operating officer for Newmont — one of the world’s largest gold producers — and takes over the top spot from departing CEO Richard O’Brien.

Goldberg said his immediate priorities were to “drive a more disciplined approach to capital allocation” as well as “set and mee aggressive cost targets.”

Before joining Newmont in Dec. 2011, Goldberg worked with Rio Tinto for 30 years in various positions in its gold, copper, coal and industrial minerals divisions.

Newmont Mining operates mines in North and South America, Australia, Indonesia, New Zealand and Africa.

Image courtesy Newmont Mining Corp.

3718 0

More Copper News

Latest Stories

Glenstrata, the new mining king, is born

In what shouldn’t come as a surprise for those following the recent events related to the touted and long delayed $66 billion merger between diversified miner Xstrata (LON:XTA) and commodity trader giant Glencore International (LON:GLEN), the Swiss company's shareholders have approved the deal.