Indonesia deposit could be bigger than Batu Hijau – Newmont

The Elang copper/gold deposit in Indonesia, for which Newmont Mining and its partners received exploration permits in September, could turn out to be bigger than the huge Batu Hijau mine, Newmont CEO Richard O'Brien said on Tuesday. Elang is...

Africa now Newmont's fastest-growing region – CEO

Africa is the region in which number-two gold producer Newmont Mining sees the most growth potential at the moment, CEO Richard O'Brien said on Tuesday. And while Newmont's main business continues to be gold mining, one of those opportunities is...

Newmont earnings surge, raises dividend

Colorado-based Newmont Mining earned $382-million in the second quarter, an increase of 135% from a year earlier, after production and metals prices rose. Profit came in below average analyst expectations for the period though, according to...

Newmont downplays dealmaking potential, bullish on gold and copper

Newmont Mining, the world's second biggest gold producer by output, would rather spend money on its own projects than on acquisitions, CEO Richard O'Brien said on Tuesday. "We are finding some interesting opportunities internally, that's where...

Newmont may agree changes to Ghana investment contract

Colorado-based Newmont Mining could agree to a review of its investment agreement with the government of Ghana, although it does have a firm contract in place already, CEO Richard O'Brien said on Tuesday. The current Ghanaian government, which...

Mixed views on possible Newmont offer for Lihir

North American analysts were divided this week, on whether Newmont Mining might, or ought to, get into the ring with an offer for smaller rival Lihir Gold. Lihir has rejected a proposal from Australia's biggest gold-miner, Newcrest Mining, and is...

Newmont rolls up its sleeves for next crop of projects

With its large Boddington gold/copper mine, in Australia, now in commercial production, Colorado-based Newmont Mining will turn its attention to the next generation of growth projects, CEO Richard O'Brien said on Thursday. The company will also...

Newmont hits commercial production at new Australian mine

Colorado-based Newmont Mining has achieved commercial production at its new Boddington mine, in Australia. The mine, which is expected to operate for more than 24 years, will be the largest gold producer in the country.

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...

Newmont ready to move quickly on Ghana, Peru projects

The second-biggest gold-miner, Colorado-based Newmont Mining, hopes to make a final decision to build a second mine in Ghana by mid-2010, which would suggest first production at the Akyem project by late 2013 or early 2014, a senior executive said...

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...

Newmont nets almost $1,97bn in notes offering

Denver-based gold giant Newmont Mining realised about $1,97-billion in net proceeds from its public offering of senior notes, announced earlier this week, the company said on Friday. The cash could be used to fund exploration costs, project...