January 17, 2006 |
From offices in a downtown skyscraper overlooking the snowcapped Rockies, Newmont Mining Corp. is intensifying a global hunt for the next mother lode of gold. Spurred by rising prices, Newmont opened one gold mine in Nevada in December and plans to open two more -- another in Nevada and one in Ghana -- this year. Another in Ghana is on tap for 2007. Other corporate prospectors are taking similar steps, dusting off back-burner projects and pouring more money into exploration around the world.
December 23, 2004 |
A U.S. mining company has admitted that it released tons of mercury into the air and water over a period of years at one of its Indonesian gold mines but denied that the releases had any health effects for people. Indonesian police have accused Newmont Mining Corp.'s local subsidiary, Newmont Minahasa Raya, of dumping heavy metals into Buyat Bay, causing residents to develop skin diseases and tumors.
March 30, 2003 |
More than 500 employees staged a two-day work stoppage at Newmont Mining Corp.'s Carlin Trend mines over the company's latest contract offer, union officials said. The workers picketed the world's largest gold mining company during the stoppage Thursday and Friday, but mining continued. The employees' contract expired Sept. 30. "We are still far apart," said Frank Herrera, treasurer of Operating Engineers Union Local No. 3.
January 4, 2002 |
Newmont Mining Corp. raised its offer for Normandy Mining Ltd. to $2.8 billion and won management's support, trumping AngloGold Ltd. in a seven-week bidding contest for Australia's top gold producer. Denver-based Newmont's promise to add 10 Australian cents to the cash and stock bid now worth $1 a share also won the backing of Normandy's biggest shareholder, Franco-Nevada Mining Corp. AngloGold said it won't raise its offer. Newmont's offer is now 14% higher than its first bid Nov.
November 15, 2001 |
Newmont Mining Corp. unleashed a one-two punch of acquisition deals that will make it the world's biggest gold miner. Denver-based Newmont said it is offering to buy Canada's Franco-Nevada Mining Corp. and Australia's Normandy Mining Ltd. in deals worth a total $4.42 billion in cash and stock. Once the acquisitions are complete, Newmont will have a market capitalization of about $9.1 billion. Newmont offered to buy Australia's Normandy Mining for 0.
April 24, 1998 |
A labor dispute with Indonesian contract workers employed by a Fluor Corp. subsidiary has been resolved after slowing down work for several days at the $2-billion Batu Hijau copper and gold mine in Indonesia, mine operator Newmont Mining Co. said Thursday. Denver-based Newmont said that the dispute, which resulted in minor property damage, began Friday when local workers confronted general contractor Fluor Daniel over wage policies.