{"id":1105677,"date":"2019-03-15T16:05:18","date_gmt":"2019-03-15T16:05:18","guid":{"rendered":"http:\/\/www.mining.com\/?p=976570"},"modified":"2019-03-15T21:05:18","modified_gmt":"2019-03-15T21:05:18","slug":"newmonts-tanami-gold-mine-to-curb-emissions-by-20","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1105677","title":{"rendered":"Newmont\u2019s Tanami gold mine to curb emissions by 20%"},"content":{"rendered":"

Newmont Mining (NYSE:NEM) announced Friday<\/a> that the $245-milion\u00a0power\u00a0station project for its Tanami gold mine in northern Australia had been completed.<\/p>\n

The world\u2019s No.2 gold and copper producer, which has fully owned and operated the mine since 2002,\u00a0said the project included the\u00a0installation\u00a0of two\u00a0power\u00a0stations, a 66 kV interconnected\u00a0power\u00a0line, and a 450\u00a0km natural gas pipeline.<\/p>\n

Newmont says the completed\u00a0 upgrades will generate net cash savings of $34 per ounce from 2019 to 2023.<\/q><\/p>\n

The additions are expected to provide Tanami with a safe and reliable energy source while lowering power costs and carbon emission by 20%. According to Newmont, the upgrades will generate net cash savings of $34 per ounce from 2019 to 2023, delivering an internal rate of return of over 50%.<\/p>\n

The company, which is in the process of acquiring Canada\u2019s Goldcorp<\/a> (TSX:G) (NYSE:GG) for $10 billion, said the project completion coincided with Tanami pouring its 10 millionth ounce since operations began in 1986, on the back of record production of 500,000 ounces last year.<\/p>\n

Tanami is Australia\u2019s second-largest underground gold mine. Newmont says its exploration program has created potential to extend mine life beyond 2028, with additional upside through a possible second expansion project. The company says a funding decision is expected in the second half this year.<\/p>\n

A first expansion of the mine was completed in 2017<\/a>, which extended its operative life by three years, reduced all-in sustaining costs (AISC) and lent support to the ongoing exploration and development of the mine’s prospective underground resources.<\/p>\n

The post Newmont\u2019s Tanami gold mine to curb emissions by 20%<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.<\/p>\n

The post Newmont’s Tanami gold mine to curb emissions by 20%<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369,1020,1345,428],"tags":[15,33,48,83],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1105677"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1105677"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1105677\/revisions"}],"predecessor-version":[{"id":1105833,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1105677\/revisions\/1105833"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1105677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1105677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1105677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}