Newmont has completed a purchase agreement with AngloGold Ashanti Australia Limited for its 33.33 percent interest in the Boddington project in Western Australia. Boddington Gold, which became operational in July 2009, is now 100 percent Newmont owned and operated.
The operation is expected to take 12 months to reach full capacity, when it will become Australia's largest gold producer, delivering about one million ounces of gold a year and 35,000 tonnes of copper for the first five years. Boddington has an expected mine life of more than 24 years.
