Tag: Tanami Expansion 2

Tanami expansion 2 approved

Tanami expansion 2 approved

NEWMONT Goldcorp’s board of directors have unanimously approved the execution phase of the Tanami Expansion 2 project. The expansion will allow the miner to access the Auron deposit, first discovered in 2008, below the Callie orebody and could extend the mine life beyond 2040. Tanami Expansion 2 includes the construction of a 1460m shaft, additional capacity in the processing plant and supporting infrastructure that would allow the project to remain profitable as the mine heads 2140m below surface. Newmont Goldcorp began commercial production at the expansion project in 2017, and announced in March 2019 that the $245m power station project was complete. The execution phase of Tanami Expansion 2 represents a significant milestone for the operation. Newmont Goldcorp chief executive,...

Newmont Tanami: Going for Gold

Newmont Tanami: Going for Gold

All images: Newmont Mining BY EMMA DAVIES NEWMONT'S Tanami gold mine in the Northern Territory has commenced a second phase expansion, is constructing two power stations on site and is on track to reach tier 1 status in the not too distant future. Newmont Mining is focussed on long-term growth with Australian production remaining between 1.4 and 1.6 million ounces in 2018. Newmont Mining regional project director Francois Hardy told The Australian Mining Review that Tanami’s second phase expansion will leverage the mine for future growth and will maximize value from the deeper orebody, from between 1200m and 2600m below surface. “Tanami Expansion 2 secures the future of Tanami as a long-life, low-cost producer, adding approximately 100,000oz...

Newmont: Cooking with Gas

Newmont: Cooking with Gas

All images: Newmont. BY ELIZABETH FABRI FRESH from completing a $US120 million expansion at its Tanami operation, Newmont is spending big on a new power project that will see Tanami shift to natural gas from a current reliance on diesel fuel. Newmont has a lot to be proud of at its Tanami gold mine in the Northern Territory. Since 2012, Tanami has more than doubled gold production and cut costs by two thirds. In August, the miner completed a mine expansion to increase production by 80,000 ounces per year, lower all-in sustaining costs to between $US700/oz and $US750/oz, and add a further three years to mine life. Newmont’s Australia production was now expected to reach between 1.5...