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Clough’s $115m Boddington deal

THE massive Boddington gold mine is on track to pour first gold in 2008, after owners Newmont Mining and AngloGold Ashanti awarded the $115 million management contact for the asset to Clough Ltd. Clough won the engineering, procurement and construction management contract for the gold and copper processing facilities south of Perth as part of a joint venture with Aker Kvaerner Australia and Clough Murray & Roberts. It follows a four-month contract in December while the project owners weighed up the investment. The project was given the green light two months ago when Newmont said it would cost more than $1.35 billion to develop the mine. The project will have one of the world’s largest gold plants, Clough said, handling around 35 million tonnes of ore every year. The project also has the potential to help move Australia to the world’s biggest gold producer. The mine is expected to produce more than one million ounces over the first five years of its 15-year mine life, starting from the second half of 2008. The project had stalled for a number of years over uncertainty of the operational structure of the then three-way ownership. The sale of Newcrest Mining’s stake earlier this year was the catalyst for the development of the mine, made easier with just two partners. Newmont now holds two thirds of the project with South African gold miner AngloGold Ashanti holding the balance.

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Annual production

1st-Newmont Mining1,201
2nd-Gold Fields945
3rd-Northern Star Resources533
4th-AngloGold Ashanti524
5th-Newcrest Mining386
36 gold miners ranked by WA annual production to june 30, 2017 ('000 ounces)

Number of Employees

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