Newmont plans $3 billion in capex in 2012; copper output expected to fall

Newmont Mining (NYSE:NEM), the world's fourth-largest gold miner, says it plans to spend $3.0 to $3.3 billion on capital expenditures in 2012. The Colorado-based company released its 2012 outlook on Tuesday. Newmont plans to spend 60% of its capex on...