SURFACE

Telfer turfed in Newmont's Palmer's $1B productivity plan

NEWMONT president and CEO Tom Palmer believes his team can wring US$500 (A$760) million in cost and productivity improvements over the next five years - on top of the $500 million in synergies it expects from buying Newcrest.

Tom Palmer believes he can wring another $500 million out of Newmont's operations on top of the $500 million in Newcrest synergies. Photo: Noel Dyson

Tom Palmer believes he can wring another $500 million out of Newmont's operations on top of the $500 million in Newcrest synergies. Photo: Noel Dyson

The Newcrest acquisition, which was concluded in November, gave Newmont the Telfer and Cadia mines and Havieron project in Australia; Lihir and Wafi-Golpu in Papua New Guinea; and Bruce Jack and Red Chris...

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