Located 520kms north of Kalgoorlie in Western Australia, the gold mine commenced production in 1995 from a complex of open pit mines that are no longer in operation. In 2013, the mine produced 279,000oz. gold.
The sale includes existing fixed plant and onsite equipment, and transfer of Jundee’s non-contract staff.
Newmont Strategic Development executive vice president Randy Engel said: "We are pleased to have completed the sale of Jundee as part of our ongoing effort to increase shareholder value by focusing on lower cost, longer life operations."
"With the closing of this sale, Newmont has generated approximately US$800 million in proceeds over the last 12 months from the divestment of non-core assets."
Newmont is a gold and copper producer with operations in the US, Australia, New Zealand, Peru, Indonesia and Ghana, and a workforce of 30,000.
