Newmont power to cut costs

NEWMONT Mining has received final approvals for its $US450 million, 200MW, coal-fired power station in Nevada, an asset expected to knock about $US25 per ounce off the operating costs of its Nevada operations.

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The company is targeting completion of the plant in the first half of 2008 and will initially use about 75% of the power produced, on-selling the remaining electricity to the Sierra Pacific Power

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