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Optimizing Process-plant Assets Weir Minerals, the Australia-based process equipment business of the Weir Group, pointed out that with declining ore grade and low commodity prices, the mining...

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Parlaying the Positives of PGMs On May 17, Chis Griffith, CEO, Anglo American Platinum (Amplats) addressed London Platinum and Palladium Markets during Platinum Week in London. He is passionate...
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Survey: Miners Plan to Spend More on Digital Technologies Four out of five mining and metals companies expect to increase their spending on digital technologies over the next three years, with more...

Suppliers Report

Wisconsin Welcomes Komatsu Mining Executives from Japan’s Komatsu Ltd., Milwaukee’s mayor and Wisconsin’s governor formally cut the ribbon in a ceremony in May that launched the subsidiary Komatsu Mining...
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Mining Tier 4 Final Engines to Be Certified Cummins unveiled ultra-clean mining engines designed to meet European Union (EU) Stage V emissions regulations. The engines will be certified to U.S....

New Title Documents Newmont’s Role in the Modern Gold Era


A new book on the history of Newmont Mining Corp. details the evolution of the company that gave birth to the modern gold industry. As told by Jack H. Morris, a former Wall Street Journal reporter and Newmont insider, Morris recounts the prowess and challenges faced by one of the world’s oldest mining companies.

Going for Gold: the History of Newmont Mining Corporation traces the company’s history from its turn of the century creation by a wealthy Wall Street executive to its leadership in every facet of modern mining— exploration, technology, legal theory, finance and more recently, environmental stewardship and corporate social responsibility. Along the way, Newmont has survived dramatic encounters with corporate raiders such as T. Boone Pickens and Jimmy Goldsmith, an epic battle with the French over control of South America’s largest gold mine, issues with the Indonesian government and at times unrelenting pressure from anti-mining activists. The book profiles how the company prospered during the Great Depression by buying the most famous gold mines in California; how it contributed to the production of strategic metals such as lead and zinc during World War II; and how it became one of the world’s largest copper producers and then turned back to gold once the government lifted price controls on the metal in 1972. The company’s ability to adapt to changing economic and political circumstances has been a hallmark of Newmont’s success over the decades.

Morris also provides an insider’s look at Newmont’s acquisitions including Santa Fe Pacific Gold, Franco-Nevada and Normandy Mining, while also exploring the issues that twice prevented a merger with Barrick Gold.

The discovery of submicroscopic or “invisible” gold at Carlin, Nevada, in 1963 earned Newmont a permanent place in mining history. The discovery, writes Nevada State Geologist Jonathan Price, “is one of the most significant events in worldwide mining,” as Newmont became the first to see and uncover the potential of massive, low-grade gold deposits.

Morris, a former vice president of investor relations at Newmont, had unique access to the company’s documents and people, interviewing more than 80 Newmont officers and employees. Sensitive about objectivity, he insisted on working at arm’s length from Newmont, which exercised no control over the book’s content.

“What makes Going for Gold unique is that decisionmakers were able to speak candidly about transforming events without going through a PR filter,” says Morris. For more information, to order a copy of the 395-page book from Going for Gold: the History of Newmont Mining Corporation, visit the University of Alabama Press.

(www.uapress.ua.edu)

From the Editor

Committed to the Mining Business You may not have noticed it, but a change has taken place. There was a slight change to the masthead (that column of fine print to the right) and the title below my signature is now different. Late last year, I formed a new company, Mining Media International Inc. based in Jacksonville, Florida, and purchased...
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Exploration Roundup

Kirkland Lake Intersects More High-grade Gold at Fosterville Kirkland Lake Gold has reported additional high-grade drill results from ongoing underground drilling at its Fosterville gold mine in...

This Month in Coal Mining

Warrior Met Coal Ramping Up to Historical Levels In its first quarter earnings reports, Alabama-based metallurgical coal producer Warrior Met Coal defines its strength and position in the market....