8-KOther Events

NEWMONT Corp /DE/ 8-K Report, Corporate Update (Jul 1, 2011)

Filed July 1, 2011For Securities:NEMNEMCL

Summary

This 8-K filing from Newmont Corporation, filed on July 1, 2011, addresses a reportable event related to mine safety as mandated by the Dodd-Frank Act. Specifically, it details a temporary "imminent danger" order issued by the Mine Safety and Health Administration (MSHA) to an independent contractor, High Mark Construction LLC, at Newmont's Emigrant project site on June 27, 2011. The order concerned alleged non-compliance with brakes and seatbelts on scrapers. Importantly, the filing clarifies that the verbal order was issued without a full inspection. Following an inspection, the seatbelts were found to be compliant, and a prompt adjustment was made to the brakes on one scraper, leading to the termination of the order. Newmont emphasizes that no accidents or injuries occurred, and there was no material adverse impact on the company as a result of this incident. This disclosure is primarily for compliance with Section 1503 of the Dodd-Frank Act.

Key Highlights

  • 1Newmont is filing this report to comply with Section 1503 of the Dodd-Frank Act, which requires disclosure of "imminent danger" orders from MSHA.
  • 2An independent contractor, High Mark Construction LLC, received a verbal "imminent danger" order from MSHA on June 27, 2011, at the Emigrant project site.
  • 3The order alleged non-compliance with brakes and seatbelts on scrapers, and was issued without a prior inspection.
  • 4Subsequent inspection found seatbelts to be compliant.
  • 5A prompt adjustment was made to the brakes of one scraper, leading to the termination of the order.
  • 6No accident or injury occurred at the site.
  • 7The company states there was no material adverse impact resulting from this event.

Frequently Asked Questions

This 8-K filing is made to comply with Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires public disclosure of any 'imminent danger' orders issued by the Mine Safety and Health Administration (MSHA).

The order was a verbal directive from an MSHA inspector to an independent contractor, High Mark Construction LLC, concerning alleged non-compliance of scraper brakes and seatbelts at Newmont's Emigrant project site. It was issued without a prior inspection.

Following an inspection, the seatbelts were found to be compliant. A prompt adjustment was made to the brakes of one scraper, and as a result, the order was terminated. No accidents or injuries occurred, and the company reported no material adverse impact.

According to the filing, there was no material adverse impact on the company as a result of the conditions alleged in the order. The incident appears to be resolved quickly with no resulting operational disruptions or injuries.