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Newmont brings first autonomous haulage fleet to gold mining industry
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Newmont brings first autonomous haulage fleet to gold mining industry
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Newmont Corporation is to invest $150 million in an autonomous haulage system at its Boddington mine in Western Australia. The investment will enhance safety and productivity, while also extending mine life.
Once fully operational in 2021, the fleet of autonomous CAT 793F mining trucks will be the first autonomous haulage system in an open pit gold mine in the world.
“Not only does Boddington continue to deliver strong performance, our investment in autonomous haul trucks will generate an internal rate of return greater than 35 per cent with a more controlled and efficient haulage
operation,” said Tom Palmer, president and chief executive officer. “We are also uniquely positioned in the gold sector to support effective implementation and operation of the fleet thanks to the technical capabilities and previous experience of leaders in our business. Simply put, Boddington will be a safer, more productive world-class gold mine in a top-tier jurisdiction.” Boddington is Western Australia’s largest gold producer, delivering 709,000 ounces of gold and 77 million pounds of copper in 2018. The mine directly employs approximately 2,000 people and is located 135 kilometres southeast of Perth.
Canada Cobalt name change
Shareholders of Canada Cobalt Works Inc have voted 99.92% in favour of changing its name to Canada Silver Cobalt Works Inc. The company said the new name will better reflect its immediate and longer-term direction, but there will be no change in the company’s stock symbol.
“Work continues at Castle East, with all necessary precautions during the COVID-19 pandemic,“ explained Matt Halliday, VP exploration, “and we look forward to a major ramping up of activity this quarter as we further position CCW as the leading silver-cobalt company in Canada’s silver-cobalt heartland.”
Canada Cobalt’s flagship Castle mine and 78 sq km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario.
