Northern Star’s risky rapid expansion

Bill Beament’s Northern Star Resources appears to be on the roll, and we just don’t know if it’s uphill or downhill. The Perth-based gold miner has been expanding their Australian mining operations by purchasing shares or assets of gold mining companies, gaining full control of their mining operations. Northern Star’s acquired assets The gold miner’s assets include established gold mining operations in Australia and Alaska. The gold miner operates Jundee, Kalgoorlie (including Kanowna Belle, Kundana, and South Kalgoorlie), Tanami, and Pogo Operations. Northern Star’s Assets Acquired from Month & Year…

Terminating Barminco as East Kundana’s mining contractor — a despotic call from Northern Star’s Bill Beament?

Back in March 2016, Barminco, a leading hard-rock underground mining contractor, secured a three-year A$275 million contract at the Kundana gold mines from the East Kundana Joint Venture in the Eastern Goldfields, WA. It was the company’s largest contract. As far as expectations and responsibilities are concerned, Barminco provided the whole shebang of underground Australian mining operations which include development, production, bogging, maintenance, haulage, and operation of underground services. The company also offered to employ all existing EKJV staff and was very pleased to secure a major contract in support…