How NSW miners are changing the face of mining in Australia
On Sunday, July 19, television advertisements began airing in Sydney highlighting the importance of mining...
Is mining entering the world of mass media?
On Sunday, July 19, television advertisements began airing in Sydney highlighting the importance of mining to the state.
Who was behind the campaign? The New South Wales (NSW) Minerals Council.
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“From the amount of attention sometimes given to mining you could be forgiven for thinking that mines are engulfing NSW, but the reality is mining operations account for around 0.1 per cent of the state’s land,” NSW Minerals Council chief executive Stephen Galilee said in a statement.
“If NSW is to thrive, it needs mining, so let’s ensure mining has a long-term future here in NSW,” he continued.
The mining industry recently underwent a series of attacks after the controversial approval of the Shenhua Watermark open-cut coal mine near Gunnedah that took place on July 8.
Farmers worried about water impacts have promised a campaign to stop the giant mine, slated for ridge country adjacent to the Liverpool Plains.
The campaign, led by the NSW Famers Association, asks members of the public to write to the state government opposing the mine.
The TV campaign compares the mining industry’s water and land use to agriculture and housing. According to the group, the industry accounts for 1.2 per cent of the state’s water use while households account for 6.5 percent.
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The Minerals Council has also created a website, landusefacts.com.au, to challenge what it calls "myths" about the impact of mining on land. Coal is NSW’s most valuable export commodity, according to Galilee, and the mining industry employs over 34,000 people around the state.
“If NSW is to thrive, it needs mining, so let’s ensure mining has a long-term future here in NSW,” Galilee said.
[SOURCE: The Australian]
Newmont acquires Canada’s GT Gold in $325mn deal
Newmont, the world’s biggest gold miner, has acquired Canada’s GT Gold in a deal worth $325mn. The gold giant now controls the Tatogga gold-copper project in the Traditional Territory of the Tahltan Nation.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” commented Newmont President and CEO Tom Palmer.
“We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with Indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the Company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”
Newmont’s acquisition includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future significant gold and copper annual production. There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. A world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The American miner is celebrating its 100th anniversary this month.
With gold prices on the rise, the last six months has seen gold industry M&A activity accelerating. A recent Mckinsey report, advises that the industry need to be mindful of mistakes made during the previous gold price boom, when growth was chased unidirectionally by several companies.