Located near Chapleau, Ontario, Borden gold mine is expected to achieve commercial production in the fourth quarter of this year
American mining company Newmont Goldcorp has launched its Borden gold project in Ontario, Canada.
Located near Chapleau, Ontario, Borden is known as ‘Mine of the future’ as it possesses digital mining technologies, low carbon-energy vehicles and health and safety controls.
The gold mine is fully permitted to operate and is expected to achieve commercial production in the fourth quarter of 2019.
Newmont Goldcorp president Tom Palmer said: “Borden opens a new gold mining district in Ontario and profitably extends operations at the Porcupine complex near Timmins.
“In addition, Borden’s electric underground fleet will eliminate diesel particulate matter from the underground environment and lower greenhouse gas emissions. This will help reduce energy costs, protect employee health and minimize impacts to the environment.”
Ore from the Borden gold mine will be processed at the present mill at the Newmont Goldcorp’s Porcupine operation in Timmins, 180km to the east.
The company claims that the Borden’s land package offers extra opportunities for exploration upside as the Borden deposit remains open at depth.
Borden has also signed partnership agreements with local First Nations.
Newmont has built 11 new mines, expansions and projects on four continents in North America, South America, Australia and Africa.
The projects carried out by the company include Akyem and the Phoenix Copper Leach in 2013, the Turf Vent Shaft in 2015, Merian and Long Canyon in 2016, the Tanami Expansion in 2017, and Twin Underground, Northwest Exodus and Subika Underground in 2018, and the Tanami power project in 2019.
Barrick, Newmont Goldcorp launched Nevada Gold Mines in July
In July, Barrick Gold and Newmont Goldcorp had launched joint venture company Nevada Gold Mines, following completion of previously announced agreement.
As per the deal signed in March 2019, the firms agreed to combine their respective mining operations and assets in the US state of Nevada into new joint venture (JV), which is now 61.5% owned by Barrick Gold as operator and 38.5% by Newmont Mining.