Newmont negotiating with Indonesia govt as divestiture deadline looms

Newmont Mining continues to hold talks with the government of Indonesia, ahead of a November 12 deadline for the sale of a total of 24% of the Batu Hijau copper/gold mine, CEO Richard O’Brien said on Thursday. The company understands that the local government will buy the initial 10% (the 3% and 7% stakes which [...]

Newmont quarterly earnings double

Denver-based Newmont Mining earned $388-million in the third quarter, compared with net income of $191-million a year earlier, helped by surging gold prices, lower production costs and increased volumes. Revenue in the quarter rose to a best-ever $2,05-billion, compared with $1,37-billion in the same period of 2008. Read more….

Newmont gets mining rights on Peruvian border with Ecuador

The group was given the land under a “public necessity” exclusion meant to promote development in frontier areas. Read more….

WGC member selected for Dow Jones sustainability accolade

Newmont Mining Corporation, a member of the World Gold Council (WGC), has been selected for the Dow Jones Sustainability World Index (DJSI). This represents the third year in a row that the firm has received the accolade, being the first gold mining company to be acknowledged for the DJSI.The news feeds on this site are [...]

Best Gold Stocks 2009

Some of the best gold stocks 2009 are what the big mutual funds are investing in. The USAA precious metals and mineral fund has AngloGold Ashanti Limited ADR, Randgold Resources Ltd. ADR and Newcrest Mining Limited as three companies that are in the top four stock assets for their fund. This is a total of [...]

Continued economic recovery key to keeping gold strong – Newmont

If the recession sticks around there is a small risk gold could come back toward the $800 range Read more….

Newmont pours first gold at Boddington mine

Denver-based Newmont Mining has poured the first gold at its new Boddington mine, in Western Australia, the company announced on Wednesday. The first shipment of copper concentrate has also been shipped from the operation to the port in Burnbury. Copper concentrate production started last month, Newmont said. Read more….

Newmont Indonesia unit output could fall as much as 10%

A rock fall at its mine earlier this month has been blamed but the group still has stocks which will be used Read more….

Indonesia says Newmont mine woes won’t hit 2009 output

A suspension of operations at Newmont Mining Corporation’s Indonesian copper and gold mine owing to a rockslide will not hit production this year given available stocks, a senior Indonesian mining official said on Wednesday. Newmont said on Tuesday there had been a "geotechnical failure" on September 18 and 19 in the west wall of the [...]

Newmont Mining suspends operations at Indonesian gold mine temporarily

A rock slide at one of the pit walls is to blame. Read more….

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