As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and peaking…
A Q&A with Newmont’s director of environmental affairs, Briana Gunn
BRITISH COLUMBIA – British Columbia Investment Management Corp. says it will vote against the proposed merger of Goldcorp and Newmont Mining due to Goldcorp’s decision to award its chairman, Ian Telfer, a US$12 million retirement allowance. BCI, which provides investment management services to…
Much has been speculated about mergers among gold producers since Barrick Gold announced the takeover of Randgold Resources last September. The $6-billion Barrick-Randgold deal came together without a hitch and was finalized on Jan. 2, 2019, making Barrick once again…
TORONTO – A subject of speculation last week, the takeover of Newmont Mining by Barrick Gold is now out in the open. That would make Barrick the world’s largest gold producer by far. Barrick is offering an at market exchange…
Newmont Mining Corp. of Denver, Colo., has chosen Rob Atkinson to succeed Tom Palmer as executive VP and COO effective June 1. Palmer, the current president and COO, will retain the title of president until he succeeds Gary Goldberg as…
Denver-based Newmont Mining Corp. and Goldcorp of Vancouver announced plans on Jan. 14 to merge, creating the world’s leading gold producer. When the US$10 billion (all figures U.S. dollars) deal closes, a new company, Newmont Goldcorp, will be created. Newmont…
GHANA – Newmont Mining’s Ahafo mine in Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on schedule and within budget. Starting next year, Subika underground will…
NEVADA – Canada’s Barrick Gold, which last month announced it was buying Randgold Resources in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining aimed at merging their gold operations in Nevada. “They have been trying to negotiate…
SURINAME – Two years after commercial production began in October 2016, Newmont Mining’s Merian mine in Suriname has poured one million ounces of gold. Newmont Suriname – a subsidiary of the Colorado-based company – owns 75% of the mine and Suriname’s…
ALASKA – Vancouver-based NovaGold Resources says the Donlin gold project 450 km northwest of Anchorage has received the record of decision and all the key federal and state permits needed to move forward. NovaGold and 50% partner Barrick Gold of…
GHANA – Cambridge Energy Partners (CEP) announced earlier this month that Newmont Mining Corp., one of the world’s largest gold producers and sustainability leaders, has deployed CEP’s redeployable Nomad solar PV tracker to demonstrate lower cost renewable electricity and to…