https://newsletter.mw.creamermedia.com
Copper|Gold|Mining|Projects
Copper|Gold|Mining|Projects
copper|gold|mining|projects

Newmont on track to get at least $2bn from asset sales, COO says

Newmont COO Natasha Viljoen

Newmont COO Natasha Viljoen

17th September 2024

By: Bloomberg

  

Font size: - +

Newmont, the world’s biggest gold miner, said it’s on track to raise $2-billion — if not more — from selling smaller mines and development projects.

“We’ll get at least that,” COO Natascha Viljoen said Tuesday in an interview on the sidelines of Denver Gold Group’s annual forum in Colorado. “All of them are tracking according to plan.”

The Denver-based metals producer signaled plans to divest assets after closing its acquisition of Newcrest Mining in 2023. The sales are part of plan to focus on so-called Tier 1 assets, which can produce at least 500 000 OZ of gold equivalent for 10 years or longer, while boosting the company’s exposure to copper.

Newmont agreed to sell two Australian assets to Greatland Gold for as much as $475-million earlier this month. It’s now pushing to finalise sales of mines and projects in Ghana, the US and Canada by the end of the first quarter in 2025, Viljoen said.

Edited by Bloomberg

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.393 0.478s - 129pq - 2rq
Subscribe Now