Newmont Mining Corp. / NEM (NYSE)

    For U.S. companies, I used MSN Money's StockScouter tool to get a read on a stock's prospects during that time period. Turns out there are six U.S. stocks with StockScouter ratings of 10 -- the top of the Scouter scale -- among the 94 in the Booz Allen list. They are Apple (AAPL), Caterpillar (CAT), MEMC Electronic Materials (WFR), Newmont Mining (NEM), Smith International (SII) and Weatherford International (WFT). I added all these to new R&D winners portfolio.

    ACCRA, Ghana, Mar 28, 2007 (Dow Jones Commodities News via Comtex) -- Newmont Mining Corp.'s (NEM) Ahafo Mine in Ghana is expected to generate total revenues of over $250 million from the sales of its gold, based on an assumed average realized price of at least $600 a troy ounce, a company official said Wednesday.
    However, startup costs and a power crisis in Ghana are affecting the mine's financial situation, the official added.
    Newmont's External Relations Director, Chris Anderson, told Dow Jones Newswires that about two-thirds of Ahafo's 2007 operating costs would be spent directly in Ghana in the form of payments to employees and contractors, locally sourced goods and services.
    Others expenditures are consumables, such as fuel and energy and royalties paid to the government. "This means we are making no money for now," he said, but quickly added that "it's not abnormal" for a start-up project such as Ahafo.
    Anderson said a power crisis that has been running since last August has worsened the financial situation because the company currently uses diesel generators to power its operations. "The cost of running the generators is four times higher," he added.
    Newmont said by the end of 2007, it would have invested over $665 million on the Ahafo project.
    "These expenditures mean that over 50 percent of total revenues from mine operations will stay in Ghana. The remainder of Ahafo's 2007 revenues are expected to be allocated to capital investment, interest expenses and exploration," Anderson said.
    He said over two-thirds of Newmont's cumulative investment in Ghana has been spent on the construction of the Ahafo project, with the remaining spent on startup and production-related expenditures.
    Additionally, in 2007, the company anticipated spending over $8 million on social and environmental projects, including funds allocated to the programs to help the local economy, as well as environmental management, monitoring and restoration programs.

    DALLAS, Mar 26, 2007 (PrimeNewswire via COMTEX) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of General Metals Corporation (GNLM: general metals corp com) . General Metals is a junior mineral resource exploration company engaged in the acquisition, mining and exploration of gold, silver and other precious metal properties. It controls 100% of the Wilson-Independence mine, which sits as an island in Newmont Mining Corporation's Phoenix mine in the Battle Mountain- Cortez gold belt of Northern, Nevada. The Phoenix mine property has 8.5 million ounces of gold and 660 million pounds of copper in reserves. Newmont is currently spending in excess of $3.0 billion to develop this mine into the largest operating gold mine in the United States.
    To view the StockGuru.com Profile for General Metals Corporation, please visit:
    http://www.stockguru.com/profiles/gnlm
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    DENVER, April 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- Newmont Mining Corporation (NEM: Newmont Mining Corporation) announced that it will report First Quarter 2007 results on Thursday, April 26, 2007. A conference call will be held that day at 4:00 p.m. Eastern Time (2:00 p.m. Mountain Time) to discuss the quarter's results. The conference call will be carried on the Company's web site.


    Conference Call Details
    Dial-In Number 210.234.0003
    Leader Randy Engel
    Password Newmont
    Replay Number 203.369.1866


    Web Cast Details
    URL http://www.newmont.com



    The First Quarter 2007 results, related financial and statistical information will be available prior to the conference call in the Investor Information section of the Company's web site, http://www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company's web site.
    SOURCE Newmont Mining Corporation

    Christian Brothers Investment Services: Newmont is First Mining Company to Urge Shareholders to Vote for Social Resolution, Company Will Produce Report on Impacts of Mining Operations on Local Communities


    DENVER, April 19, 2007 /PRNewswire via COMTEX/ -- In a first for a U.S. mining company, Newmont Mining Corporation (NEM: Newmont Mining Corporation) , one of the world's leading gold producers, will encourage shareholders to support a social resolution sponsored by Christian Brothers Investment Services, Inc. (CBIS) and 10 other faith-based investors. The concerned shareholders are urging the company to produce a report addressing community-based opposition to its operations in the U.S. and around the world. The shareholder resolution will be voted on at Newmont's annual meeting April 24, 2007.
    Julie Tanner, corporate advocacy coordinator at CBIS, said: "This is a real breakthrough in that it is the first time that a mining company has agreed to urge shareholders to support a social resolution. This is a bold step by Newmont, and, with the release of a substantive and thorough report, will indicate that the company takes the issue seriously. To be credible, the report will need to include the input of independent experts and the communities affected by the mining operations of Newmont. We look forward to working closely with company officials."
    The resolution reads: "Several Newmont projects in developing countries have been undermined by community protests over the years. A pattern of community resistance to the company's operations, especially in Peru, Indonesia, and Ghana, raises concerns about issues such as the company's mining waste disposal practices, the potential for water pollution, development on sacred sites, and community resettlement ... [Therefore] shareholders request that a committee of independent board members be formed to conduct a global review and evaluation of the company's policies and practices relating to existing and potential opposition from local communities and to our company's operations and the steps taken to reduce such opposition; and that the results of that review be included in a report that is made available to shareholders prior to the 2008 annual meeting."
    In addition to CBIS, the shareholder resolution is supported by Catholic Health East; Sisters of Saint Joseph of Chestnut Hill, Philadelphia; Mercy Investment Program; CHRISTUS Health; General Board of Pension and Health Benefits, United Methodist Church, Presbyterian Church (USA), Missionary Oblates; Unitarian Universalist Service Committee, Evangelical Lutheran Church in America; and Catholic Healthcare West.
    The leading proxy voting service, Institutional Shareholder Services (ISS), has also recommended a vote in favor of the resolution.: "ISS believes that it is important for global companies, particularly those that operate in developing markets or regions with social, political, or economic unrest, to have appropriate and effective policies for interacting with the host governments and local communities that will be impacted by their operations. Successful relationships between a company and such stakeholders can improve the efficiency of operations, expand the company's license to operate in challenging markets, improve the public's perception of the company, and mitigate the risk of controversy, protests and litigation."

    By MarketWatch
    Last Update: 9:29 PM ET May 7, 2007


    DENVER (AP) -- Newmont Mining Corp. (NEM: Newmont Mining Corporation) , one of the world's largest gold producers, said Monday that Indonesian prosecutors plan to appeal its acquittal on charges of polluting a bay off Sulawesi Island.
    A Manado District Court judge dismissed the case against the Denver-based Newmont and executive Richard Ness last month, ruling that evidence presented at trial showed that waste rock dumped into Buyat Bay by the company's now-defunct mine did not exceed government standards.
    The prosecutors informed Newmont of their intent to appeal Monday, reaffirming a statement they made after the verdict was issued. They have 14 days to detail grounds for their appeal, Newmont spokesman Omar Jabara said.
    Authorities alleged the rock deposited into Buyat Bay by Newmont and Ness exceeded toxic standards outlined in a 2000 permit and caused some villagers to become ill.
    A police report showed mercury and arsenic levels in the bay were higher than national standards, but tests by the World Health Organization, government agencies and several independent groups found that pollutants in the water were within normal limits.
    Newmont began operations in Sulawesi in 1996 and stopped mining in 2002. It continued processing ore until 2004 when the mine was permanently shut.
    Last year, the company reached a $30 million settlement with Indonesia's government to end a separate civil suit over the pollution allegation, with the money to be used in part for community development.

    DENVER, May 08, 2007 (Dow Jones Commodities News via Comtex) -- TOP STORIES: Newmont: Indonesia Prosecutors To Appeal Pollution Acquittal
    Newmont Mining Corp. (NEM), one of the world's largest gold producers, said Monday that Indonesian prosecutors plan to appeal its acquittal on charges of polluting a bay off Sulawesi Island.

    Global Gold Rush: CEOs of Two Gold Companies At Various Stages of Development Update the Investor Community At Wall Street Reporter.com


    ...


    About View Resources Ltd.


    View Resources Limited was incorporated in January 1986 and listed on the Australian Stock Exchange in April 2002. The company acquired the Carnilya Hill tenements in early 2003 and began mining later that year. Mining continued at Carnilya Hill until December 2005, when the mine was placed on care and maintenance. Mincor Resources farmed into the Carnilya Hill Nickel Project in late 2005 and has now met the conditions for earning a 70% stake. Mincor, as operators, plans to recommence mining operations at Carnilya Hill in late CY2007. In June 2004, View entered into an agreement with Newmont Mining to acquire the Bronzewing Gold Project for $9 million. The acquisition included the 2.3Mtpa processing facility (on care and maintenance), offices, camp, 386 koz gold resources and all exploration and mining tenements. View originally planned to re-open the mine as soon as practicable; however, higher operating costs forced these plans to be deferred in March 2005. Since this time, exploration has been ongoing and project enhancement initiatives investigated. In late 2006, the company obtained interim finance for Bronzewing from Investec Bank to progress development.

    Gold miner Newmont (NEM) has been downgraded to a hold from a buy. The company's net income fell 67.5% in the first quarter of fiscal 2007 compared to the same quarter a year ago.


    Newmont's 34.2% gross profit margin has also been declining, which TheStreet.com Ratings feels is lower than what is desirable. Given these weaknesses, it is not surprising that the stock price has taken a hit, tumbling almost 26% over the past 12 months. Newmont had been rated a buy since May 2005.

    One of the ways miners have been getting bigger as of late is through mergers and acquisitions -- and the next takeover play Winmill sees on the horizon involves Miramar Mining (MNG). The company recently announced it had found some new high-grade ore in northern Canada. Winmill says Newmont Mining (NEM) already holds a 15% stake in the company and "might want to gobble up the whole thing before it gets too big in size."

    TORONTO, CANADA, May 24, 2007 (MARKET WIRE via COMTEX) -- Glass Earth Limited (CA:GEL) (NZAX: GEL) ("Glass Earth") provides a progress report and preliminary results of exploration on its permits in the Hauraki Region, North Island, New Zealand, under joint venture with Waihi Gold Company Limited (a subsidiary of Newmont Mining Corporation).
    In February 2007, a Joint Venture was entered into with Newmont over Glass Earth's entire Hauraki Region permit area, for Newmont to fund and undertake exploration programmes in each of the 3 sectors of the Hauraki Region (Northern, Central and Southern). All sectors are within trucking distance of the world-class 10 million ounce Martha Gold Mine operated by Newmont at Waihi. This new joint venture complements the earlier Waihi West Joint Venture with Newmont over Glass Earth's Waihi West permit, immediately adjacent to the Martha Gold Mine.
    Hauraki Joint Venture
    The potential exists for the location of Martha-size gold systems and/ or additional high grade mill feed for the existing Waihi milling operations.
    Newmont already possessed significant databases of the Hauraki Region (including extensive magnetic surveys, regional mapping, and stream sediment sampling). By collating and interpreting this information Newmont obtained preliminary results that defined prospect areas for detailed follow-up work and drilling. Most of these targets correspond well with those generated by Glass Earth's own 2004/05 data intervention and targeting process. Lack of correlation tends to be in areas of poor quality magnetic data sets.
    Newmont's 2007 exploration programme on Glass Earth's Hauraki permits includes Hoist Electro-Magnetic surveying (already under way), surface geochemistry and resistivity surveys to define drill targets. First pass drilling is planned for mid 2007.
    Hoist EM surveying (Newmont's proprietary EM/magnetic system suspended under a helicopter) has already highlighted interesting resistivity anomalies over the Wentworth/Glamorgan, Wharekiriponga (WKP) and Owharoa areas, providing incentive to advance on-ground exploration of these areas as a priority.
    Waihi West Joint Venture
    This joint venture area is contiguous to the southern end of the Martha pit and contains potential strike extensions of all the major Martha veins, south and eastward. It also covers potential southerly strike extensions of the nearby Union Hill veins (Amaranth, Union and Trio).
    Soon after inception of the joint venture in April 2006, Newmont completed collecting gravity, magnetic and CSAMT resistivity data to assist in the targeting of drill locations and orientation. Since then, Newmont has drilled three holes, reporting the following intercepts:
    UW254: 1m @ 0.69 ppm Au (180m) 1m @ 0.44 ppm Au (445m) 6.4m @ 0.28 ppm Au (approx 565m) UW272 : 5m @ 0.13 ppm Au (347 -352m) 1.6m @ 0.26 ppm Au (437 -438.6m) UW 278: 3m @ 0.11 ppm Au (253m) 6m @ 0.18 ppm Au (286 -292m)
    Newmont completed its initial work obligations (NZ$400,000 within 12 months) early and has elected to move to the next stage whereby it may earn a 60% equity in the permit by expending an aggregate NZ$1.5m (approximately C$1.25m). Newmont has advised that it intends to drill a further hole near the UW 272/278 location and follow-up on several anomalous geophysical features identified through on-ground surveying.
    Qualified Persons
    Glass Earth's exploration programmes are carried out under the supervision of Glass Earth's VP Exploration and Chief Operating Officer, Mr. Simon Henderson, M.Sc, M.AUSIMM. Mr. Henderson meets the qualified person requirements (as defined by National Instrument 43-101) with more than 30 years of experience in the gold mining and exploration industry.
    About Glass Earth Limited
    Glass Earth is one of the largest New Zealand-based gold exploration companies exploring a land position of over 31,000 square kilometres in the North and South Islands. See the exploration regions overview map at Figure 1
    To view a copy of the "Figure 1 - GEL exploration regions - overview map", please visit the link below: http://www.ccnmatthews.com/docs/Gel-exploration.pdf
    In the North Island, exploration efforts are focused on the Hauraki / Central Volcanic Region. The Hauraki / Central Volcanic Region is host to the 10 million ounce gold Waihi / Martha Mine, owned by Newmont Mining, which is considered the "type" epithermal gold deposit and the kind of large epithermal gold deposit targeted by Glass Earth.
    - Hauraki Region - With 11 advanced gold prospects, this region occupies a significant ground position around the Waihi / Martha Mine; Newmont has commenced earning into the Glass Earth permits via two Joint Ventures: Waihi West permit, immediately adjacent to the Waihi / Martha Mine; and the environing Hauraki Region permits.
    - Mamaku Region - With 17 recently-defined gold targets, this region includes the Muirs Reef prospect, which historically has produced more than 43,000 ounces of gold;
    - Central Volcanic Region - Glass Earth has defined 74 epithermal gold targets in this region, including 6 advanced prospects in the process of being drilled.
    In the South Island, exploration efforts are focused on the Otago Region for mesothermal "Macraes-style" gold targets and alluvial gold.
    - Otago Region - A major data collection/geophysical survey over this region commenced in January 2007, to be followed by a targeting process to identify priority areas of gold potential for detailed evaluation.
    Glass Earth Limited, headquartered in Toronto with New Zealand operations offices, is listed on the TSX Venture Exchange (TSX VENTURE: GEL) and the New Zealand Alternative Stock Exchange (NZAX: GEL).
    Neither the TSX Venture Exchange nor New Zealand Exchange Limited has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.

    Turning to the technical analysis side of things, one chart-watcher sees the possibility of a near-term run-up for Newmont Mining (NEM).


    "Newmont appears to be on the verge of breaking out," writes Clive Maund, a Chile-based technical analyst. He suggests "aggressive" traders might want to buy call options with a strike price at $40 a share to benefit from the climb he expects.

    LIMA (MarketWatch) -- Unionized workers at Peru's Minera Yanacocha SRL are not satisfied with a new three-year collective agreement but agreed to sign because the company is forecasting lower production, union leader Guillermo Nina said Monday.


    ...


    Yanacocha is operated by Newmont Mining Corp, (NEM: Newmont Mining Corporation) with a 51.35% stake, while Compania de Minas Buenaventura SAA (BVN: Compania De Minas Buenaventuras S.A.) holds a 43.65% share. The International Finance Corp. holds a 5% stake.

    Newmont Mining Corp. (NEM: Newmont Mining Corporation) named Richard O'Brien as chief executive, replacing Wayne Murdy, 62, who plans to retire July 1 but will stay on as chairman until the end of the year.
    O'Brien most recently served as Newmont's president and chief financial officer.
    The company also named Joseph Carrabba, chairman and CEO of Cleveland-Cliffs Inc. (CLF), to its board.

    Last Update: 9:44 PM ET Jun 5, 2007


    Jun 05, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
    Newmont Mining Corp. (NEM) named Richard O'Brien as chief executive, replacing Wayne Murdy, 62, who plans to retire July 1 but will stay on as chairman until the end of the year.
    O'Brien most recently served as Newmont's president and chief financial officer.
    The company also named Joseph Carrabba, chairman and CEO of Cleveland-Cliffs Inc. (CLF), to its board.
    Order free Annual Report for Newmont Mining Corporation

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