2 minute read

ULTRATECH

LIMIT YOUR DOWNTIME, NOT YOUR PROFITS.

In a mining operation, profits grow under tight tolerances.

Advertisement

Every minute spent switching a paste line adds up fast, so we designed valves to make it quick, safe and simple. The welding needed to place and remove lines used to take days, so we created threaded couplings to dramatically reduce the man hours needed, and our case hardened pipe saves time and money over the long haul. So we are engineered for safety, and speed and durability, but when you add it up, we’re also engineered for profits.

Induction Hardened Pipe

• Exceptional abrasion resistance provides durability • Reduces downtime for line switching

Threaded Coupling Line

• Faster assembly, installation and removal • Allows for smaller bore holes • Reduces man hours from days to hours • Uses Induction Hardened Pipe for exceptional abrasion resistance and durability

Diversion Valves

• Quickly and easily switch lines – even under pressure • Increases safety and productivity • Eliminates need for extra equipment

To learn more: UT-Sales@ultratechpipe.com 1-800-626-8243 UltraTechPipe.com

Threaded Coupling Line Ultra 600 Pipe Systems

Pneumatic Diversion Valve

Low-Profile Manual Diversion Valve

“In 2020, Newmont achieved record performance including $3.6 billion of free cash flow and ending the year with over $5.5 billion of consolidated cash. These results enable Newmont to lead the industry in shareholder returns, invest in organic growth and maintain financial flexibility,” said Tom Palmer, President and Chief Executive Officer. “While generating record value for shareholders, we also achieved record safety performance with the lowest injury rate in company history. As we complete our 100th year, we will remain focused on delivering superior operational performance whilst creating value and improving lives through sustainable, responsible mining.”

During the year, Newmont completed the divestment of the Red Lake Complex in Canada, and the company’s 50 per cent ownership interest in Kalgoorlie Consolidated Gold Mines in Australia, along with its investment holdings in Continental Gold.

From an operations point of view, attributable gold production for the fourth quarter decreased 11 per cent to 1,630 thousand ounces from the prior year quarter, primarily due to the sale of Red Lake and Kalgoorlie, as well as lower production at Cerro Negro in Argentina while it managed Covid-19 restrictions.

For the year, attributable gold production decreased 6 per cent to 5,905 thousand ounces from the prior year, primarily due to Yanacocha and Cerro Negro being placed into care and maintenance in response to the Covid pandemic, lower ore grade mined at Ahafo and the above-mentioned sales. These reductions in production were partially offset by a full year of operations from assets acquired in April 2019 with the Goldcorp merger.

“As we complete our 100th year, we will remain focused on delivering superior operational performance whilst creating value and improving lives through sustainable, responsible mining”

Portfolio improvements

Portfolio improvements achieved during the year included the completion of materials handling projects at

first among equals

This article is from: