In a press statement, the company said that Palmer, who is currently president and COO, would assume increasing responsibility for leading the integration of Newmont and Goldcorp as he transitioned his duties as COO to Atkinson.
Atkinson has held a variety of roles leading operations and business improvement efforts in Australia, the UK and the US. Most recently, Atkinson served as head of productivity and technical support for Rio Tinto and was responsible for the company’s $5-billion productivity improvement strategy. Atkinson also served as COO for Rio Tinto’s portfolio of copper interests in Mongolia, the US, Chile and Indonesia.
The company states that, on day one after the transaction closes, which is expected in the second quarter, Newmont Goldcorp will target six-million to seven-million ounces of steady-state gold production over a decades-long time horizon, have the largest gold reserves and resources in the gold sector, including on a per share basis, offer the highest dividend yield among senior gold producers, be located in favourable mining jurisdictions and prolific gold districts on four continents and offer financial flexibility and an investment-grade balance sheet to advance the most promising projects.