RE: Newmont deal15 May 2023 04:40
Despite widespread speculation Newmont could regard Newcrest's Telfer operations as surplus, Newmont boss Tom Palmer told The Australian the company wanted to take the time to properly evaluate the Havieron joint venture with Greatland Gold before it made any decisions on the operation's future.
“We know Telfer well, because we built it back in the 1970s," he said.
“Telfer's existing operations are starting to work towards the end of its life, but it's got the Havieron deposit just up the road. So as we look at Telfer in the Newmont portfolio, we really want to step back and have a look at the potential of that Havieron deposit and what it might look like in terms of the life and the potential scale.
“But you've got an operation there with very good infrastructure in a very good part of the world up in the Northern Pilbara, with a new deposit just up the road. We want to make sure we really understand that as part of our work."