May 17, 2020

Newmont Mining: Refuge Chambers Helping to Protect Miners

Newmont Mining
Refuge chambers
Safety
Ghana
Admin
2 min
Newmont Mining: Refuge Chambers Helping to Protect Miners
Working in underground mines is a very dangerous job. Miners are exposed to potential accidents and hazards normal people could never imagine.US-based N...

Working in underground mines is a very dangerous job. Miners are exposed to potential accidents and hazards normal people could never imagine.

US-based Newmont Mining (NYSE: NEM) is educating miners on the best course of action should they ever need to evacuate an area, especially underground.

Earlier this week via Facebook and Twitter, the company showcased ways miners, who work hundreds of feet underground, can exit a mine in the event of an emergency.

Newmont’s Health and Safety Manager at the company’s Subika underground mine in Ghana explains an alternative route –refuge chambers.

“Emergency preparedness and response is an integral part of Newmont’s safety management systems,” says Chuck Burns.

“In an underground environment, it is paramount that our emergency plans address the hazards associated with fires and other incidents that can result in irrespirable atmospheres, or situations in which miners can’t breathe without the assistance of a breathing apparatus. Refuge chambers are central to our underground emergency preparedness plans.”

Newmont’s refuge chambers are self-contained underground capsules made of armored steel. They provide miners with safe shelter from underground emergencies such as fires, flooding and lethal gas.

Once in the chamber, miners are advised to sit and wait until rescue crews arrive.

“As in most emergency situations where you find yourself unable to get out of an area, it is always best to stay put and wait for trained personnel to help you safely evacuate the area,” says Randy Squires, Senior Manager, Health and Safety, North America.

In addition to safety chambers, Newmont Mining is continuously training miners to respond to emergencies without hesitation. Frequent training makes it second nature.

“Drills and awareness training on refuge chambers are key components of our emergency preparedness,” explains Burns.

“As a result of this training, our miners know how to evacuate and where to evacuate depending on the emergency and where they are working in the mine.”

In keeping with its motto, "Our safety goal is zero harm," Newmont Mining provides miners with a safe working environment through extensive training protocols to minimize workplace accidents.

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May 17, 2021

Newmont acquires Canada’s GT Gold in $325mn deal

Newmont
GT Gold
Gold
Copper
2 min
Newmont has purchased the remaining 85.1% common shares of Canada’s GT Gold to complete its buy out Gold in a deal worth $325mn

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.

GT Gold

“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

Newmont

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.

Gold

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.

 

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