8-KOther Events

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Mar 11, 2011)

Filed March 11, 2011For Securities:NEMNEMCL

Summary

This 8-K filing by Newmont Corp /DE/ reports on an event related to mine safety, specifically the receipt of a verbal "imminent danger order" by an independent contractor, Boart Longyear Company, at Newmont's Leeville mine. The order, issued by the Mine Safety and Health Administration (MSHA), pertained to unsecured steel water well casing staged at a well site, which MSHA alleged posed a potential movement risk. Importantly, Newmont USA Limited, the subsidiary of Newmont Mining Corporation, was not directly cited in this instance.

Key Highlights

  • 1Newmont Corp /DE/ (NEM) filed an 8-K on March 10, 2011, disclosing an "imminent danger order" received on March 9, 2011.
  • 2The order was issued by the Mine Safety and Health Administration (MSHA) to Boart Longyear Company, an independent contractor, not to Newmont itself.
  • 3The incident occurred at Newmont's Leeville mine.
  • 4The alleged safety concern involved unsecured steel water well casing at a well site.
  • 5The casing was immediately secured, and the order was terminated.
  • 6No accident or injury occurred as a result of this condition.
  • 7There was no adverse impact on Newmont's operations at the Leeville mine.

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