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Joint Venture
Northern Star Resources Limited and Saracen Mineral Holdings Limited are set to join forces, agreeing to a merger-of-equals worth $16 billion that will see the creation of a top-10 global producer.
Their combined world-class portfolio and three large-scale gold mines in Kalgoorlie and Yandal in Western Australia, as well as in North America, will target production of 2Mozpa.
Northern Star Resources has joined Saracen Mineral Holdings in making the Kalgoorlie Super Pit a wholly Australian-owned gold mine, with the announcement to acquire 50% from Newmont Goldcorp Australia for USD $800 million.
The purchase will deliver Northern Star a half-share of one of the most significant gold systems in the world.
Joint venture partners AngloGold Ashanti Australia and Independence Group NL are set for a big year ahead, with recent approval for the $105.7 million underground expansion of their existing Tropicana gold mine in Western Australia’s Goldfields region.
The firing of the first blast for the portal at Boston Shaker took place on 8 May.
Macmahon Holdings, AngloGold Ashanti Australia, Independance Group NL and Carey Mining celebrated the milestone of eight young Aboriginal trainees at the Tropicana Gold Mine in November.
In a formal ceremony at the Tropicana site, the trainees were each presented with certificates and traineeship offers after successfully completing the eight week Get Into Mining training programme.
