Newmont Mining Corp
NYSE:NEM ISIN:US6516391066
Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company's segments include North America, South America, Asia Pacific and Africa.
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North Queensland Metals (ASX: NQM) has today completed all contractual obligations in relation to the acquisition of a 60% interest in the Pajingo gold mine, approved by NQM shareholders on 4 February 2008. $4.4 million has been paid to Newmont Australia Pty Ltd to complete the acquisition for a total consideration of $15 million comprising $9.4 million cash and the balance in NQM shares. NQM effected successful capital raisings of $4.6 million and $7.5 million in December 2007 and February 2008 respectively.
The global rise in oil prices is driving the rush to gold as a haven against inflation and fuelling the increase in international prices for the precious metal to near record levels, according to one of Australia's most experienced gold industry executives.
Further significant drilling results have been received from the high-grade laterite mineralisation at the Lancaster Zone as follows:
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