Mining Veteran Gary Goldberg Named Chief Executive Officer of Newmont
DENVER, March 1, 2013 /CNW/ - Newmont Mining Corporation (NYSE: NEM)
("Newmont" or the "Company") today announced that President and Chief
Operating Officer Gary Goldberg has been named President and Chief Executive
Officer and joined Newmont's Board of Directors, pursuant to a succession plan
announced on December 3, 2012.
Vincent A. Calarco, Non-Executive Chairman of the Board, said, "We
congratulate Gary Goldberg on his appointment and welcome him to the Board. We
are confident that Newmont is well positioned for the next stage of its growth
and development and that Gary's deep and broad skill set and experience make
him the right leader to take the Company forward."
Calarco added, "We thank Richard O'Brien for his loyal service to Newmont and
for his many contributions to the Company's success over the past seven years,
and wish him well for the future."
Goldberg said, "I am honored to lead Newmont as we focus on strengthening our
fundamentals as a mining company and delivering greater value to shareholders.
My immediate priorities are to drive a more disciplined approach to capital
allocation and to set and meet aggressive cost targets. My overall goal is to
build on our superior asset base – including our portfolio, position and
people – while attaining industry- leading practices in the areas of safety
and social and environmental responsibility."
Prior to joining Newmont in December 2011, Goldberg spent 30 years at Rio
Tinto based in the US, UK and Australia and served in increasingly senior
positions in its gold, copper, coal, and industrial minerals businesses. He
was President and CEO of Rio Tinto Minerals from 2006 to 2011; President and
CEO of Rio Tinto Borax from 2004 to 2006; Managing Director of Coal and Allied
Industries Ltd from 2001 to 2004; and President and CEO of Kennecott Energy
from 1999 to 2001.
Goldberg also served as Chairman of the US National Mining Association from
2008 to 2010 and formed and led its CEO's Safety Task Force. Under his
leadership at Rio Tinto Borax, the company was twice named America's safest
large mining operation by the federal Mine Safety and Health Administration
and was the first mining company to receive the California Governor's
Environmental and Economic Leadership Award. In Australia, he was appointed to
the government's Business Roundtable on Sustainable Development. He holds a
Bachelor of Science degree in Mining Engineering from the University of
Wisconsin-Platteville and a Master of Business Administration degree from the
University of Utah.
About Newmont Founded in 1921 and publicly traded since 1925, Newmont
(www.newmont.com) is one of the largest gold companies in the world.
Headquartered in Colorado, the Company has approximately 40,000 employees and
contractors, with the majority working at core operations in the United
States, Australia, Peru, Indonesia and Ghana. Newmont is the only gold company
listed in the S&P 500 index and in 2007 became the first gold company selected
to be part of the Dow Jones Sustainability World Index. Newmont's industry
leading performance is reflected through high standards in environmental
management, health and safety for its employees and creating value and
opportunity for host communities and shareholders.
Cautionary Statement This release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbor created by such sections and other
applicable laws. Such forward-looking statements may include statements
relating to the Company's future growth, asset development, cost savings,
capital allocation, execution and performance. Such statements relating to
future performance are subject to certain risks and other factors as disclosed
in the Company's 2012 Annual Report on Form 10-K filed with the Securities and
Exchange Commission under the heading "Risk Factors." As such, investors are
cautioned not to place undue reliance on forward-looking statements.
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SOURCE: Newmont Mining Corporation
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-0- Mar/01/2013 14:01 GMT
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