Newmont Brings First Autonomous Haulage Fleet to Gold Mining Industry
February 19 2020 - 7:00AM
Business Wire
Autonomous haul trucks to enhance safety and productivity at
Boddington mine in Australia
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the
Company) announced today that its Board of Directors unanimously
approved investment in an Autonomous Haulage System (AHS) at
Boddington in Australia to enhance safety and productivity, while
also extending mine life. Once fully operational in 2021,
Boddington will be the world’s first open pit gold mine with an
autonomous haul truck fleet.
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A CAT 793 autonomous haul truck at
Caterpillar’s Tinaja, Arizona, demonstration center. The fleet of
autonomous CAT 793F mining trucks will be fully operational in 2021
at Newmont’s Boddington mine in Australia and will be the first
autonomous haulage system in an open pit gold mine in the world.
(Photo: Business Wire)
“Not only does Boddington continue to deliver strong
performance, our investment in autonomous haul trucks will generate
an internal rate of return greater than 35 percent with a more
controlled and efficient haulage operation,” said Tom Palmer,
President and Chief Executive Officer. “We are also uniquely
positioned in the gold sector to support effective implementation
and operation of the fleet thanks to the technical capabilities and
previous experience of leaders in our business. Simply put,
Boddington will be a safer, more productive world-class gold mine
in a top-tier jurisdiction.”
Total net investment in Boddington’s AHS will be $150 million,
with efficiencies expected to extend the mine’s life by at least
two years. The Company also sees additional upside potential from
the replication of the AHS at other Newmont operations.
Boddington’s autonomous Caterpillar haul trucks will feature
rigorous safety controls that reduce employee exposure to potential
vehicle interactions. No injuries have been recorded from AHS
operations since their introduction into the mining industry.
Newmont is also executing a robust people strategy at Boddington,
providing opportunities for reskilling and redeployment of haul
truck drivers to other roles supporting the AHS.
Boddington is Western Australia’s largest gold producer,
delivering 709,000 ounces of gold and 77 million pounds of copper
in 2018. The mine directly employs approximately 2,000 people and
is located 135 kilometers southeast of Perth in Western
Australia.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. Newmont is the only gold producer listed in the S&P 500
Index and is widely recognized for its principled environmental,
social and governance practices. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical proficiency. Newmont was founded in 1921
and has been publicly traded since 1925.
Cautionary Statement Regarding Forward Looking
Statements:
This release may contain “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbor created by such
sections and other applicable laws. Such forward-looking statements
may include, without limitation, estimates and expectations of
future performance, safety results, productivity improvement,
upside potential, mine life extension, timing of completion of
implementation and improvement to internal rate of return. Where
the Company expresses or implies an expectation or belief as to
future events or results, such expectation or belief is expressed
in good faith and believed to have a reasonable basis. However,
such statements are subject to risks, uncertainties, assumptions
and other factors, which could cause actual results to differ
materially from future results expressed or implied by the
“forward-looking statements.” For a more detailed discussion of
risks and other factors that might impact future looking
statements, see the Company’s Quarterly Report on Form 10-Q for the
quarter ended June 30, 2019 under the heading “Risk Factors,” filed
with the U.S. Securities and Exchange Commission (the “SEC”) and
available on the SEC website or www.newmont.com, as well as the
Company’s other SEC filings. Investors are also encouraged to refer
to the Company’s 2019 Form 10-K, which is expected to be filed on
or about February 20, 2020, with the SEC under the headings “Risk
Factors” and “Forward-Looking Statements” for additional
information. The Company does not undertake any obligation to
release publicly revisions to any “forward-looking statement,”
including, without limitation, outlook, to reflect events or
circumstances after the date of this news release, or to reflect
the occurrence of unanticipated events, except as may be required
under applicable securities laws. Investors should not assume that
any lack of update to a previously issued “forward-looking
statement” constitutes a reaffirmation of that statement. Continued
reliance on “forward-looking statements” is at investors' own
risk.
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version on businesswire.com: https://www.businesswire.com/news/home/20200219005307/en/
Media Contact Omar Jabara
303-837-5114 omar.jabara@newmont.com
Investor Contact Jessica Largent
303-837-5484 jessica.largent@newmont.com
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