SOURCE: Industrial Info Resources

Industrial Info Resources

February 25, 2011 07:50 ET

Newmont Mining to Double Capital Expenditure in 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Newmont Mining Corporation (NYSE:NEM) (Greenwood Village, Colorado) yesterday reported earnings and performance results for the company's 2010 fiscal year. Newmont reported net income of $2.3 billion for the year, up 76% from $1.3 billion in 2009. While Newmont's consolidated capital expenditures in 2010 were $1.4 billion, the company plans to ramp this up to consolidated capex of $2.7 billion and $3 billion in 2011.

Details of more than $4.1 billion in Newmont projects are available in Industrial Info's North American and International Metals & Minerals Database.

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