Newmont Mining Corporation (NYSE:NEM) Files An 8-K Mine Safety – Reporting of Shutdowns and Patterns of Violations

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Newmont Mining Corporation (NYSE:NEM) Files An 8-K Mine Safety – Reporting of Shutdowns and Patterns of Violations
Item 1.04. Mine Safety.

Section 1503(b)(1) of the Dodd-Frank Act requires the disclosure on a Current Report on Form 8-K of the receipt of an imminent danger order (an “Order”) under section 107(a) of the Federal Mine Safety and Health Act of 1977 issued by the Mine Safety and Health Administration (“MSHA”). On June 14, 2017, Newmont USA Limited (the “Company”), a wholly owned subsidiary of Newmont Mining Corporation, received a verbal Order by an MSHA inspector stating that an employee was observed working directly below material built up on the framework of the surface stacker in the Leeville Mine conveyor belt area. Mine personnel immediately responded and the Order was terminated a short time after issuance. The Company also requested a review of the Order, which resulted in MSHA formally vacating the Order on June 19, 2017. The conditions cited in the Order referred to above did not result in accidents or injury and had no material adverse impact on the Company’s operations at the Leeville Mine.

 

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About Newmont Mining Corporation (NYSE:NEM)

Newmont Mining Corporation is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa. It has gold reserves of over 73.7 million ounces and an aggregate land position of over 20,000 square miles. It is also engaged in the production of copper, through Batu Hijau in Indonesia, Boddington in Australia and Phoenix in the United States. The North America segment consists of Carlin, Phoenix and Twin Creeks in the state of Nevada, and Cripple Creek &Victor in the state of Colorado, in the United States. The South America segment consists of Yanacocha in Peru. The Asia Pacific segment consists of Boddington, Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Africa segment consists primarily of Ahafo and Akyem in Ghana.

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