Experienced Miner Alex Bates Tapped to Lead Newmont’s Business in Australia
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“Alex’s quarter-century of experience delivering step-change
improvements in mine safety, productivity, project execution, and
sustainability will continue to benefit Newmont as we take our
Mr. Bates joined Newmont in 2015 to lead the Company’s Boddington
operation which has made significant strides in improving safety, cost
and production performance. Prior to joining Newmont he was the General
Manager of Rio Tinto’s Brockman Iron Ore Region, accountable for three
mining operations in the Pilbara region of
Newmont operates three of Australia’s largest gold mines including Boddington, Kalgoorlie (KCGM) and Tanami which, together, produced 1.6 million attributable ounces of gold in 2016. The expansion of Tanami – expected to reach commercial production in mid-2017 – is advancing on schedule and is anticipated to add approximately 80,000 ounces of profitable gold production per year. It will also open access to two million ounces of profitable production while extending mine life by three years. At the end of 2016 Australia accounted for 30 percent of Newmont’s global gold Reserves.
Newmont is a leading gold and copper producer. The Company’s operations
are primarily in
Cautionary Statement Regarding Forward-Looking Statements:
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, statements relating to future performance, such as future business and strategic improvements and benefits, future portfolio strength, future value creation, and Tanami expansion timing, including commercial production, mine life extension and production estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements.” For a discussion of such risks relating to our business and other factors, see the Company’s Form 10-K, filed on or about February 21, 2017, with the Securities and Exchange Commission under the headings “Risk Factors” and “Forward-Looking Statements.” The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.