Newmont's Merian Gold mine achieves one million oz milestone

By Dale Benton
A gold mine in South America has hit a major milestone, as it officially crosses over the over million ounces mark. Newmont Mining announced in a state...

A gold mine in South America has hit a major milestone, as it officially crosses over the over million ounces mark.

Newmont Mining announced in a statement this week that, through its Newmont Suriname subsidiary, one million ounces of gold have been poured at the Merian gold mine in east Suriname.

This is a hugely significant milestone as commercial production had only officially commenced back in October 2016. The Merian gold mine is owned by Newmont Suriname (75%) and Staatsolie Maatschappij Suriname N.V., Suriname’s State-owned oil company (25%).

“This exciting milestone was achieved thanks to the hard work, commitment and skill of our employees and business partners,” said Albert Ramdin, Newmont’s Senior Director for External Relations in Suriname. “Our partnerships with the government, Staatsolie and local Pamaka communities form the foundation of the mine’s success and we look forward to many more years of safe, efficient and responsible gold production in Suriname.”

Related stories:

Coalition for Energy Efficient Comminution partners with Newmont Corporation

Newmont Mining acquires 50% stake in Galore Creek partnership for $275 million

Newmont declares commercial production at Twin Creeks underground project

Newmont began operating the project in 2004 and began construction in August 2014. After a two-year construction phase, commercial production was achieved on October 1, 2016, on schedule and US$150mn under budget. Newmont’s total development capital investment was of US$525mn.

 

Share

Featured Articles

China increases copper import pace, following price plummet

In August, China reached a 26% rise - representing a 100,000+ tonne increase - in copper imports year-on-year, largely driven by product price drops

Ford criticises “inefficient” government mining permissions

In a letter to the US Department of the Interior, the car giant Ford has asked the American government to speed up its current mining permission process

Aggreko and Labyrinth Resources’ sustainable power project

Labyrinth Resources has been working with Aggreko to complete a virtual pipeline power project, which is designed to aid the sustainable energy transition

Despite regional ban, crypto miner Canaan doubles profits

Digital Mining

The future of all-electric sustainable mining technologies

Sustainability

Anglo American first half earnings decline 28 percent

Supply Chain & Operations