Tag: Newmont Goldcorp

All bodes well for Boddington

All bodes well for Boddington

IT’S a new era for Newmont Goldcorp, with Tom Palmer taking up the reins as the company’s chief executive officer in October 1. And while it’s business as usual for the world’s leading gold company, Mr Palmer said he planned on building on Newmont’s proven growth strategy. “Newmont remains focussed on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” he said. To do so, Mr Palmer plans to advance the company’s most profitable projects while investing in exploration across cycles. Newmont Goldcorp has strong and sustainable portfolio of operations, projects and exploration prospects in the gold sector, with about 90pc of the miner’s reserves located in the Americas and Australia, and other projects...

Tanami expansion 2 approved

Tanami expansion 2 approved

NEWMONT Goldcorp’s board of directors have unanimously approved the execution phase of the Tanami Expansion 2 project. The expansion will allow the miner to access the Auron deposit, first discovered in 2008, below the Callie orebody and could extend the mine life beyond 2040. Tanami Expansion 2 includes the construction of a 1460m shaft, additional capacity in the processing plant and supporting infrastructure that would allow the project to remain profitable as the mine heads 2140m below surface. Newmont Goldcorp began commercial production at the expansion project in 2017, and announced in March 2019 that the $245m power station project was complete. The execution phase of Tanami Expansion 2 represents a significant milestone for the operation. Newmont Goldcorp chief executive,...

New parental leave standard

New parental leave standard

KALGOORLIE Consolidated Gold Mines (KCGM) has announced significant changes to its parental leave policy, joining its Joint Venture owner Newmont Goldcorp in setting a new industry standard within Australia. Under the new changes, employees are now eligible for 22 weeks paid parental or adoption leave, plus a four week return-to-work payment. Additionally, 10 days paid secondary carers leave will be provided. These changes will help address the gender pay gap that often occurs when parents are out of the workforce for extended periods. KCGM also continues to offer eligible employees access to family-friendly flexible work arrangements when back at work. Ten days paid domestic violence leave will also be made available, providing critical financial support to affected employees who may...