Ontario First Nation demands input in Springpole gold project’s assessment
The Springpole project is host to one of the biggest undeveloped open pit gold deposits in North America.
Copper will account for up to one-fifth of the metal produced by top gold miner Newmont Corp by the end of the decade through development of its existing portfolio, the miner’s chief executive said on Friday.
“Simply developing, and shepherding through and stewarding our organic project pipeline, we will deliver an exposure to copper in the Newmont portfolio by the end of this decade of around 15% to 20% of the metal we produce,” Tom Palmer said at the Financial Times Mining Summit.
Palmer also said Newmont is not worried rival Barrick Gold will make another takeover attempt after a failed hostile bid last year ended in a joint venture between the companies in Nevada.
(By Jeff Lewis and Helen Reid)
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