NEWMONT president and chief executive officer Tom Palmer has shed more light on where he believes the $500 million in annual synergies from bringing together Newmont and Newcrest actually lie.
An opportunity seen at Lihir to improve mining rates and reduce time spent rehandling material.
Palmer believes the biggest value drivers will come from Newcrest's two tier one operations Cadia in New South Wales and Lihir in Papua New Guinea. "At Cadia we see the potential to increase average...
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