1 REVENUE FROM GOLD EXPORT INCREASED BY USD 800 MILLION COMPARED TO PREVIOUS YEAR WWW.MONTSAME.MN PUBLISHED:2020/10/30      2 AGREEMENT FOR USD 100 MILLION LOAN FROM ASIAN INFRASTRUCTURE INVESTMENT BANK RATIFIED WWW.MONTSAME.MN PUBLISHED:2020/10/30      3 MONGOLIA TO RECEIVE USD 20 MILLION CREDIT FROM INTERNATIONAL DEVELOPMENT ASSOCIATION WWW.MONTSAME.MN PUBLISHED:2020/10/30      4 EU-FUNDED PROJECTS NOW EXEMPT FROM CUSTOMS DUTIES, TAXES WWW.MONTSAME.MN PUBLISHED:2020/10/30      5 INVESTORS WORTH $10.2 TRILLION PRESS GLOBAL MINERS FOR INDIGENOUS ENGAGEMENT TALKS WWW.REUTERS.COM PUBLISHED:2020/10/30      6 TMH LOCOMOTIVES ARRIVE IN MONGOLIA WWW.RAILWAYGAZETTE.COM PUBLISHED:2020/10/30      7 FITCH PUBLISHES INNER MONGOLIA BAOTOU STEEL UNION'S FIRST-TIME RATING OF 'BB+'; OUTLOOK STABLE WWW.FITCHRATINGS.COM PUBLISHED:2020/10/30      8 THE GIFT OF 30,000 SHEEP OPENS NEW DOORS IN MONGOLIA-CHINA RELATIONS WWW.BJREVIEW.COM PUBLISHED:2020/10/30      9 MONGOLIA BECOMES FIRST COUNTRY TO CONDUCT MICS PLUS PHONE SURVEY AND NATIONAL SCALE WWW.MICS.UNICEF.ORG  PUBLISHED:2020/10/29      10 CHINA LOOKS TO MONGOLIA FOR COKING COAL AFTER BANNING AUSTRALIAN IMPORTS WWW.RT.COM PUBLISHED:2020/10/29      АЛТНЫ ЭКСПОРТЫН ОРЛОГО ӨМНӨХ ОНЫ МӨН ҮЕЭС 800 САЯ АМ.ДОЛЛАРААР ӨСӨӨД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/10/29     ЗЭЭЛИЙН ХҮҮГ 2023 ОНЫ ЭЦЭСТ САРЫН 1 ХУВЬД ХҮРГЭНЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2020/10/29     "ЭРДЭНЭТ ҮЙЛДВЭР" ОНЫ ЭХНИЙ ГУРВАН УЛИРАЛД ₮353 ТЭРБУМЫН АШИГТАЙ АЖИЛЛАСАН БОЛ "МОНГОЛРОСЦВЕТМЕТ"-ИЙНХ 24 ТЭРБУМД ХҮРЧЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/10/29     ЯПОН УЛСААС ХАМГИЙН ОЛОН ХУУЧИН МАШИН ИМПОРТЛОГЧ УЛС МОНГОЛ БОЛОХЫГ НҮБ-ЫН СУДАЛГАА ХАРУУЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/10/29     ДОНАЛД ТРАМПЫН НЭР ХҮНД АЗИЙН ОРНУУДААС МОНГОЛД ХАМГИЙН ӨНДӨР БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/10/29     ЭНЭ САРД 18 УДААГИЙН НИСЛЭГЭЭР 3305 ИРГЭНЭЭ ТАТАН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/10/29     ЕСДҮГЭЭР САРД НИЙТ 1052 ЗЭЭЛДЭГЧИД 77.3 ТЭРБУМ ТӨГРӨГИЙН ИПОТЕКИЙН ЗЭЭЛ ОЛГОЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/10/29     “ЭРҮҮЛ МЭНДИЙН ДААТГАЛЫН САНГИЙН ТӨСӨВ 57 ТЭРБУМ ТӨГРӨГӨӨР ТАСАРСАН” WWW.EAGLE.MN НИЙТЭЛСЭН:2020/10/29     5 САЯ АМ.ДОЛЛАРЫН САНХҮҮЖИЛТТЭЙ ХҮҮХЭД ХАМГААЛЛЫН ТҮНШЛЭЛИЙН КОМПАКТ ГЭРЭЭГ ИРЭХ 4 ЖИЛД ХЭРЭГЖҮҮЛЭХ ГЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/10/28     УЛААНБААТАРТ ШИНЭ ОРОН СУУЦНЫ ДУНДАЖ ҮНЭ 1 М² НЬ 2.49 САЯ ТӨГРӨГ ХҮРЧ, ӨМНӨХ УЛИРЛААС 2.48 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/10/28    

Newmont CEO not interested in returning to Rio Tinto www.mining.com

Newmont CEO Tom Palmer is not interested in returning to Rio Tinto to replace CEO Jean-Sebastien Jacques, the Financial Times reported.
Prior to joining Newmont in 2014, Palmer was Chief Operating Officer, Pilbara Mines at Rio Tinto.
Jacques resigned over the backlash of the destruction of two 46,000-year-old Aboriginal shelters this year to make way for the expansion of an iron ore mine. Other senior executives — iron ore boss Chris Salisbury, and corporate affairs head Simone Niven, who had responsibility for indigenous affairs — will also leave the company.
Representatives of the Puutu Kunti Kurrama and Pinikura (PKKP) peoples sent communications as early as 2008, setting out the importance of the site before preservation efforts picked up in the months before the blast – but they went unheeded, the group said in a submission to a government inquiry.
“I joined Newmont in 2014, very deliberately,” said Palmer, who was born in the New South Wales mining town of Broken Hill. “I saw a company that had a vision that was aligned with mine. And I have not regretted that decision for one second.”
Higher gold prices helped generate significant free cash flow for Newmont in 2020.
The world’s largest gold miner’s adjusted net income for the June quarter was $261 million or $0.32 per diluted share, compared with $92 million or $0.12 per diluted share in the prior-year quarter. The results topped analysts estimates of $0.31 per share.
The company lifted its dividend by 79% earlier this year.
“I already have the privilege of leading one of the great mining companies in the world. I’ve got the best team I’ve ever had the privilege to work with. And we have some great opportunities in front of us. I am firmly focused on that,” Palmer told the Financial Times.
Rio Tinto may choose to play it safe in its next choice of chief executive officer. Australian politicians are also piling on pressure for a local to be given the role, according to Bloomberg:
The outgoing CEO has also left plenty of problems for his replacement, well beyond the public relations disaster in Western Australia. A unit he set up to invest in green-economy materials has yet to make its mark. Mongolia, where Jacques’s role in settling a previous dispute was key to his elevation, remains a technical, financial and political headache. The future of the giant Simandou iron ore mine in Guinea is also unclear. Least defensible of all, he stopped short of putting the miner on a decisively carbon-light track, failing to set targets for lower emissions beyond the company’s own operations.


Published Date:2020-10-16