Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dates of most recent and next independent reviews
Newcrest uses the Canadian Dam Association guidelines for Dam Safety Reviews for all TSFs,
regardless of jurisdiction, and the frequency is driven by the most frequent of regulatory
requirements, ITRB recommendations and GISTM.
Facility Telfer TSF 7
Date of last Dam Safety Review 2019
Next Dam Safety Review 5 years 2024
The 2022 Telfer Mine Closure Plan was approved by the Regulator (DMIRS) in June 2023,
meeting the regulatory requirements for closure liabilities and providing adequate financial
capacity for closure.
I have decided to buy Telfer for $1.00 ,I will process the Havierion ore but will charge the owner 80% of there profit to do so if they don't like it they can spend 3 years getting planning petition and the necessary regulatory approvals and then build a brand new processing plant for about a billion dollars plus. In the time this all takes Telfer will be shut down bankrupt and the Australian government can foot the bill for the clean up , Newmont will then have to answer the question why did you not just make a deal with GGP for the 70% and Telfer .
The only way Newmont can put any valuation on the 70% is if it includes Telfer processing the ore so fair valuation it cannot include Telfer , Newmont has not valued the 70% this way because they know its going to be very low if they do .I think GGP are the only real option for Newmont to sell to unless our 30% is sold as well and one buyer takes it all .I think we will buy the 70% and Telfer as a package deal on very good terms its the only realistic option for Newmont.
Property, plant and mine development, net -- $380m
Other assets -- $327m
Carrying value of assets held for sale -- £707m
valuation = £373m
Reclamation and remediation liabilities -- 207m
Other liabilities -- $127m
Carrying value of liabilities held for sale -- $334m
"Potential for the assets to be sold separately or together in a single transaction"
They can sell them together BUT and yes its a big but they have to be valued individually there is no guarantee the gold will be processed at Telfer.
What is Accretive?
In both finance and in general lexicon, the term "accretive" is the adjective form of the word "accretion", which refers to gradual or incremental growth. For example, an acquisition deal may be deemed accretive for the absorbing company, if that deal contributes to an increase in earnings per share.
By definition, in corporate finance, accretive acquisitions of assets or businesses must ultimately add more value to a company, than the expenditures associated with the acquisition. This can be due to the fact that the newly-acquired assets in question are purchased at a discount to their perceived current market value, or if the assets are expected to grow, as a direct result of the transaction.
Property, plant and mine development, net -- $380m
Other assets -- $327m
Carrying value of assets held for sale -- £707m
valuation = £373m
Reclamation and remediation liabilities -- 207m
Other liabilities -- $127m
Carrying value of liabilities held for sale -- $334m
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02800704-3A641435
Great post Dip
I find this interesting
Joshua Wolfson
And then, sorry, just one question if I can sneak in. I noticed the book value for the assets that are held for sale is $5.7 billion, which is quite a large number as compared to the $2 billion targeted. Any sort of comments there on how we should think about pricing or what the targets are effectively?
Karyn Ovelmen
No, not necessarily. I think from an accounting convention perspective and how they're reported from a GAAP perspective will be obviously considered, I would assume by potential buyers. But in essence, the process of going through the commercial view of the assets and the value to the potential buyers that will produce something most likely different whether it's up or down inefficient versus what is recorded on our book from a GAAP perspective.
That makes the asset sale on average about 60% off the Newmont valuation .
“Invest for the long haul. Don't get too greedy and don't get too scared.” ...
“Waiting helps you as an investor and a lot of people just can't stand to wait. ...
“The stock market is a device to transfer money from the impatient to the patient.”
Combination would bring together two of the industry’s largest companies and comes as copper demand soars
https://www.ft.com/content/9141eee7-825a-41d7-913d-49e8c12e76db
2:00 pm Greatland
https://www.diggersndealers.com.au/dnd/wp-content/uploads/DnD2024PresenterProgrammeV1.pdf
Dates of most recent and next independent reviews
Newcrest uses the Canadian Dam Association guidelines for Dam Safety Reviews for all TSFs,
regardless of jurisdiction, and the frequency is driven by the most frequent of regulatory
requirements, ITRB recommendations and GISTM.
Facility Telfer TSF 7
Date of last Dam Safety Review 2019
Next Dam Safety Review 5 years 2024
The 2022 Telfer Mine Closure Plan was approved by the Regulator (DMIRS) in June 2023,
meeting the regulatory requirements for closure liabilities and providing adequate financial
capacity for closure.
Closure cost estimate
An independent specialist consultant was commissioned by Newcrest to develop a 2022 closure
cost estimate. The estimate was for a combined Telfer-Havieron closure for Telfer LOM and
Havieron (100%) of A$478.1M including contingency. The cost estimates were prepared in
accordance with the global good practice standards defined in the International Council of Mining
and Metals (2019).
3.8.8 Conclusions
Based on the information provided by Newcrest, it appears that all relevant approvals required
to be gained for the Telfer-Havieron Amended Proposal, have been identified. This includes
recent referrals to State and Commonwealth regulatory bodies. The extent and content of any
conditions set if approval is granted is unknown at this stage, and closure costing estimates have
been made with certain assumptions that may also be affected by conditions of approval.
Listen from 4minuets in
https://www.proactiveinvestors.com/companies/news/1044520/antipa-minerals-delivers-significant-exploration-achievements-1044520.html