Newmont’s $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
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Currently there are no established global standards defining what a tailings dam is, how to build one and how to care for it after it is decommissioned.
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In its current form, the epidemic won’t impact the nation’s cobalt production, as the vast distance from the Katanga region largely prevents its spread, says global risk consultancy Verisk Maplecroft.
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It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
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The Chilean state-owned miner has signed a deal with Uptake, a provider of artificial intelligence (AI) and Internet of Things software, to to monitor the health of mining equipment and ensure operations run efficiently.
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Miner is targeting production of 2,000 to 2,500 troy ounces of gold concentrate per month.
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The one-time special dividend, worth $470 million, will be given to Newmont’s shareholders only if its friendly takeover of Canada’s Goldcorp is approved.
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The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.
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Two years, $4.5 million later, the Australian miner concluded results to date don’t meet its expectations.
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The operation is expected to be the third-largest copper mine in the U.S., employing about 500 people and accounting for approximately 10% of the country’s total copper production.
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