Gold costs have been poised for a second consecutive weekly acquire on Friday, pushed by safe-haven demand amid tensions within the Center East and rising bets that the U.S. Federal Reserve would possibly scale back rates of interest later this 12 months.
Courtesy: Kinross
Newmont Corp. on Monday introduced that President and Chief Working Officer Natascha Viljoen will succeed Tom Palmer as chief govt officer, beginning in January.
Palmer, who has served as president and chief govt officer since 2019, will resign from the board and as CEO on December 31.
Viljoen joined the corporate in 2023 as govt vice chairman and chief working officer, in keeping with the firm’s web site. Previous to becoming a member of the gold miner, she served as CEO of Valterra and held management positions at BHP and Lonmin.
Viljoen will grow to be the primary lady to steer Newmont in its over 100-year historical past, in keeping with the corporate.
“I need to categorical my gratitude to Tom for his mentorship and assist, and to the Board for entrusting me with the duty to steer Newmont into its subsequent part of development,” Viljoen in a press launch.
Palmer joined Newmont in 2014 as Managing Director Indonesia earlier than serving as the corporate’s Managing Director Asia Pacific in 2015, and chief working officer in 2016, in keeping with its web site.
“After 12 years with Newmont, and virtually 40 years within the mining business, it’s time for me to retire and hand over to Natascha to steer our Firm by means of the following chapter in its storied historical past,” Palmer stated in an announcement.
Newmont earlier this month stated it bought its stake in Orla Mining for $439 million as a part of its divestiture program.