Despite all the doom and gloom, Newmont’s Granites Gold Mine, …

Comment on Memo Club suspends trading, goes into voluntary administration. Town & Country to close tomorrow. by Sportsfan.

Despite all the doom and gloom, Newmont’s Granites Gold Mine, which must be the largest single business in Central Australia, seems to be going along quite nicely. According to Newmont’s 2011 Annual Report, their Granites Mine had an operating profit of over $100 Million last year. Apart though from the royalties and wages / small contractors they have to pay, I wonder what Newmont is actually contributing to Alice Springs at a community level at a time when so many are doing it tough?

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