Newmont Mining Corporation says that subsidiary Newmont Canada Limited’s appeal in a lawsuit involving St. Andrew Goldfields Ltd. is still pending.
On Nov. 11, 2008, St. Andrew filed an Application in the Superior Court of Justice in Ontario, Canada, seeking a…
Newmont Mining Corporation’s 51.35 percent-owned unit, Minera Yanacocha S.R.L., continues to be involved in environmental claims regarding a mercury spill near the town of Choropampa, Peru.
In June 2000, a transport contractor of Yanacocha spilled about 151 kilograms of elemental mercury…
Newmont Mining Corporation continues to be a potentially responsible party at the Grey Eagle Mine site near Happy Camp, Calif.
By letter dated Sept. 3, 2002, the U.S. Environmental Protection Agency notified the Company that the EPA had expended US$3 million…
Newmont Mining Corporation accrued US$149 million at June 30, 2010 and US$161 million at Dec. 31, 2009 as liability for environmental obligations.
These amounts are included in Other current liabilities and Reclamation and remediation liabilities.
The Company is involved in several matters…
Buenaventura Mining Company Inc. spent about US$9 million in 2009 in connection with environmental protection measures, compared with US$5.7 million in 2007 and US$7.18 million in 2008.
The Company estimates that capital expenditures needed to comply with environmental regulations will be…
Buenaventura Mining Company Inc.’s total provision for environmental liabilities was US$6,210,000 in 2009, compared with US$7,013,000 in 2008.
Based in Lima, Peru, Buenaventura Mining Company Inc. extracts metals in the form of silver-lead, silver-gold, zinc, and lead- gold-copper concentrates. Gold accounts…
Buenaventura Mining Company Inc.’s partner, Minera Yanacocha S.R.L., is party to litigation regarding a June 2000 mercury spill in Choropampa, Peru.
In June 2000, a transport contractor of Yanacocha spilled about 151 kilograms of elemental mercury near the town of Choropampa,…
Newmont Mining Company says that, in March 2010, the U.S. District Court in Arizona approved the Company’s settlement of all claims and liabilities in the Pinal Creek Group environmental matter.
The Company was a defendant in a lawsuit brought on Nov.…
Newmont Mining Corporation accrued US$157 million at March 31, 2010 for environmental obligations, compared with US$161 million at Dec. 31, 2009.
The Company is involved in several matters concerning environmental obligations associated with former mining activities. Generally, these matters concern developing…
Newmont Mining Corporation says that US$704 million at March 31, 2010 (US$698 million at Dec. 31, 2009) were accrued for reclamation costs relating to mineral properties in accordance with asset retirement obligation guidance.
The current portions of US$34 million at March…