DENVER--(BUSINESS WIRE)--Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) has agreed to sell its Kalgoorlie power business to Australia’s Northern Star Resources Limited (ASX: NST) (Northern Star). The Kalgoorlie power business has been a profitable asset for Newmont since the sale of its stake in KCGM. The Kalgoorlie power business supplies electricity to KCGM via a suite of contracts, licenses, approvals and third party arrangements, including a 50% interest in the 110MW duel fuel gas turbine Parkeston Power Station near Kalgoorlie, owned in joint venture with Canadian energy utility, TransAlta Corporation. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. Forward-looking statements may be accompanied by terminology such as “will” or comparable terminology.

Source: The North Africa Journal November 23, 2021 04:59 UTC