Business Context and Reporting Period
Company: Newmont Mining Corporation (Newmont Corp)
Filing Type: Form 8-K (Current Report)
Date of Report: March 9, 2011
Subject: Disclosure of a mine safety event pursuant to Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Key Financial Metrics
This filing does not contain financial data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
No material financial changes are reported. The filing details a specific operational event at the Leeville mine involving an independent contractor, Boart Longyear Company.
Outlook, Risks, and Unusual Items
- Event Description: On March 9, 2011, MSHA issued a verbal "imminent danger order" to Boart Longyear Company regarding unsecured steel water well casing at the Leeville mine.
- Company Liability: Newmont USA Limited (a wholly owned subsidiary) was not cited in the order.
- Resolution: The casing was secured, and the order was immediately terminated.
- Impact: No accidents or injuries occurred. There was no adverse impact on operations at the Leeville mine.
Investor Verification Checklist
- Confirm that the MSHA order was issued to the contractor (Boart Longyear) and not directly to Newmont.
- Verify that the order was terminated immediately following the securing of the casing.
- Ensure no operational downtime or production loss occurred at the Leeville mine as a result of this event.
- Check for any subsequent safety reports or citations related to the Leeville mine in future filings.