Newmont Mining Corporation (NEM)

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Newmont Mining Corporation (NEM) is leading gold exploration and production Company included in the S&P 500 index. The Company operates on 5 continents, with significant exploration assets and operations held in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand and Mexico. As at December 31, 2007, the Company’s total gold reserves (both proven and probable) amounted to 86.5 million equity ounces, with its total global land position of around 42,680 square miles (110,550 square kilometers).

Newmont Takes 6.7% Stake in Paladin

The world's second largest gold producer, Newmont Mining Corporation (ASX:NEM), has taken a 6.7 percent stake in uranium miner Paladin Energy (ASX:PDN), after completing the takeover of Canada's Fronteer Gold. Newmont rose $0.08 to $57.32 per share and gained 52.1 million shares in Paladin, according to a holders' notice on Wednesday.

Australian Gold Mines 2010

Australian Gold production is set to reach $10 billion in 2010 as output is increased at a time of historically high gold prices. In 2009, Australia produced 227 tonnes (or 7.3 million ounces) of Gold (increase of 3 percent on 2008). At current gold prices of $1250 for an ounce of Gold, the Australian gold output of 2009 would have fetched $9 billion. With the high gold prices, this precious metal is set to be Australia's third biggest export earner after iron ore and coking coal.

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