November 4th, 2004

VANCOUVER, Canada - AMEC Americas Ltd. acting on behalf of Newmont Mining Corporation, has selected Knelson Gravity Solutions to supply the complete gravity circuit for the Phoenix Project located in Nevada.

Phoenix, a 40,000tpd open pit mine is slated to commence production before the end of 2006 and will produce 400,000 to 450,000 ounces of gold and 18 to 20 million pounds of copper per year over an anticipated mine life of 15 years. Proven and probable gold reserves stood at 6.0 million ounces at year-end 2002.

The gravity circuit is comprised of four (4) primary KC-XD48 concentrators along with a single KC-XD30 and KC-XD20 units that will be used for secondary and tertiary concentration duties. Concentrates will report to a ConSep ACACIA Reactor model CS4000, a high efficiency treatment system designed to handle the high-grade concentrates produced by the Knelson units.

Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC) is the world's largest gold producer with significant assets or operations on five continents. The Phoenix installation will bring the total number of Newmont operations either operating or installing Knelson gravity technology to seven in total on four continents including; Golden Giant Mine - Canada; KCGM 'Super Pit' / Groundrush / Granites - Australia; Zarafshan - Uzbekistan; and, the most recent, the Ahafo Project in Ghana.

Knelson Gravity Solutions (KGS) caters to global clients requiring gravity concentration expertise and turnkey processing solutions. KGS provides gravity testing, circuit modeling, process development, detail engineering, procurement, fabrication, installation and commissioning services for fully integrated modular gravity circuits.

Mining Magazine | Sept. 2004
Phoenix Rises from the Ashes
3 MB | 5 pages

Ref: http://www.newmont.com