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The Latest Breaking News from Newcrest

World's Biggest Gold Miner Newmont Weighs Thousands Of Job Cuts As Cost Pressures Mount

Newmont Corporation (NYSE:NEM), the world’s largest gold producer, is reported to be evaluating significant cost-cutting measures that could result in thousands of job losses.

Benzinga

Newmont Sells Mine For $795 Million, Barrick Expands Reserves; Top Miners Unfazed By Underperformance

The Éléonore sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023.

Benzinga

Australian shares snap six-day winning streak

The Australian share market has closed 0.6 per cent lower following a slightly hotter-than-expected US inflation report that put rate hikes back on the table.

AAP

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Newcrest shareholders approve Newmont takeover

Shareholders in Australia's biggest goldminer have approved its acquisition by the world's biggest goldminer.

AAP

Aust shares close a smidge higher to extend win streak

The local share market has technically extended its winning streak to six days, with seven of the ASX's 11 sectors finishing in the green.

AAP

Cadia goldmine: Newcrest pleads guilty to breaching clean air regulations

NSW Environmental Protection Authority alleged company had exceeded standard concentration of solid particles under air pollution laws

The Guardian - AU

Rainwater sampling near Cadia goldmine ‘not fit for purpose’, inquiry hears

Residents living near the mine in central-west NSW said they had been complaining about ‘excessive’ dust for 10 years

The Guardian - AU

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Newcrest’s lead contamination claims ‘inconsistent’ with expert report findings, its author says

Prof Brian Gulson says Cadia Hill goldmine could not be ruled in or out as the source of the lead, despite it saying there was ‘no evidence’

The Guardian - AU

Inside Cadia, the NSW goldmine at the centre of an environmental dust-up

Management says the Newcrest-owned mine is now operating in compliance with licence conditions, but residents and experts remain concerned

The Guardian - AU

Cadia goldmine could be source of some lead found in water tanks, miner says

Exclusive: General manager says chemical analysis shows ‘slight overlap’ of mine lead and samples from local residents’ rainwater tanks

The Guardian - AU

‘There’s already anxiety’: residents living near Cadia goldmine demand answers on dust pollution

The EPA says Newcrest has introduced ‘significant changes’ to reduce its production of dust after being threatened with regulatory action

The Guardian - AU

‘Completely unacceptable’: dust from Newcrest Cadia goldmine 11 times the regulatory limit

The NSW Environment Protection Authority says it will ‘not shy away’ from suspending the mine’s licence if it does not comply

The Guardian - AU

Gold mine faces licence ban over ongoing air pollution

NSW's environmental watchdog says it is ready to take strong action against a dirty gold mine operating near a major outback regional centre.

AAP

NSW EPA launches investigation into Cadia goldmine after blood tests show metal contamination

Newcrest Cadia Holdings has until Tuesday to respond to the draft pollution notice

The Guardian - AU

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ABC News

ASX posts a small gain, NAB tips at least one more interest rate rise — as it happened

The local share market rose on Monday despite two big banks dropping sharply as they traded without rights to their latest dividend payments. NAB tips at least one more interest rate rise. Here's how it unfolded on the ABC markets blog.

ABC News

Tropical Cyclone Ilsa intensifying rapidly as it begins final approach to WA's Pilbara, Kimberley

Now at category three, the severe cyclone is expected to cross Eighty Mile Beach at category four tomorrow night, with residents urged to make their final preparations.

Investors Business Daily

Gold Stocks: Newmont Sweetens Newcrest Takeover Offer To Bolster Dominance

The world's largest gold producer, Newmont, seeks to strengthen its position with its bid for smaller Aussie rival Newcrest. Gold stocks were mixed.

AAP

Newmont boosts its bid for Newcrest to $32 billion

Newmont's all-scrip bid for Newcrest now values the Melbourne-based goldminer at $32 billion, not including its debt.

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The Guardian - AU

Community-led rainwater testing near Orange finds one in three tanks have unsafe lead levels

NSW Health is retesting water after residents raised concerns about elevated traces of heavy metals, which they worry is linked to Cadia goldmine

Newcastle Herald

DIG INTO THIS: Demands for action over mining corruption claims

Public faith in the regulation of mining in NSW was being 'severely undermined'

ABC News

Foreign ownership of gold mines would rise above 50pc if Newmont-Newcrest deal goes ahead, analyst says

If a $24.4 billion takeover bid for the country's biggest producer is successful, foreign ownership of Australia's gold mining industry would rise above 50 per cent, according to an analyst.

AAP

Newcrest rejects takeover, gifts golden dividend

Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.

Investors Business Daily

Takeover News: February Opens With M&A Bang As Gold Miners, REITs Pitch $28 Billion In Deals

Mergers and acquisitions are off to a hot start in February as major gold miners and public storage REITs propose $28 billion in deals.

AAP

Newcrest confirms $24b takeover offer from Newmont

The world's biggest goldminer, NYSE-listed Newmont Corp, has proposed buying Australia's largest producer in an all-scrip offer at a 21 per cent premium.

ABC News

Newcrest's Cadia Valley gold mine fails air quality audit, resulting in expansion being put on hold

Newcrest's Cadia Valley Operations near Orange will have its expansion approval put on hold after failing to meet a key condition of its production increase.

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