Newcrest Mining and Indonesia's Aneka Tambang have suspended operations at their Gosowong joint venture after the death of nine people, including two Australians, in a helicopter accident.
Catalpa Resources will buy Conquest Mining to form a $1.1 billion growth-focused gold miner, in which gold giant Newcrest Mining will hold a one-third stake.
Australia's largest gold producer, Newcrest Mining has awarded Nedlands-based mining software provider, ISS Group a $4 million contract for its Mining Intelligence Layer project, utilising ISS's BabelFish product.
Gold miner Newcrest Mining says it will not achieve its $25 million cost reduction target at the Telfer mine in WA due to slower natural attrition of the workforce and maintenance costs.
Newcrest Mining, Australia's biggest gold company, has delivered a drop in gold production during the second quarter and cut full year production forecasts for its Telfer mine in Western Australia.
Newcrest Mining Ltd has revealed the state's gas crisis has cost the company nearly $10 million as gas supply at it Telfer gold operation in Western Australia returns to normal.
Subiaco-based GBM Resources Ltd has inked a deal with gold miner Newcrest Ltd to acquire its copper gold assets in the Mount Isa region in a deal worth $2.6 million over the next three years.
The impact of the gas crisis will cost Newcrest Mining Ltd an extra $40 million up to when the Varanus Island gas facility resumes partial production in August.
PERTH-based explorer Beadell Resources Ltd is about to step into producer status after negotiating a deal with resource investment firm Lion Selection Ltd to acquire the remaining 30 per cent interest in the Cracow gold mine for $80 million.
Newcrest Mining Ltd has agreed to farm into the Mount Mackenzie gold project in Queensland which is currently owned by Leederville-based SmartTrans Holdings Limited (60%) and Australia Oriental Minerals NL (40%).
West Perth-based Regal Resources Ltd has signed two joint venture agreements, worth a combined $2.75 million, with Newcrest Operations Ltd to explore the Mt Korong and Mt Zephyr gold tenements, north-east of Leonora.
Newcrest Mining today announced the $225 million sale of its stake in the Boddington gold project south-east of Perth to one of its former joint venture partners, Newmont Mining.
After years of delay, the sale of Newcrest Mining's 22.22 per cent holding in the $1 billion-plus Boddington gold prospect could dictate whether the long-delayed project is finally able to proceed.
