Newmont CEO Still Interested in Buying Kalgoorlie Stake

Newmont CEO Still Interested in Buying Kalgoorlie Stake

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the increase in royalty rates from 2.5% to 3.75% and its implications for Newmont's operations in Western Australia. The changes could lead to a $15 million annual impact on operating costs. The discussion also covers potential investment decisions in WA and Newmont's interest in acquiring Barrick's stake in Kalgoorlie, considering the new royalty agreement.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new royalty rate proposed by the Labour government?

4.5%

5%

3.75%

2.5%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the estimated annual impact on Newmont's operating costs due to the royalty rate change?

$10 million

$25 million

$15 million

$20 million

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two assets are mentioned in relation to the royalty rate change?

Kalgoorlie and Boddington

Perth and Sydney

Kalgoorlie and Perth

Boddington and Sydney

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's stance on acquiring Barrick's stake in Kalgoorlie?

Interested if the value is right

No longer interested

Not interested

Already acquired

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might the royalty rate change affect the valuation of assets?

Increase the value

Double the value

Decrease the value

No effect on value