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Principal Mine Engineer - Cost and Performance Analyst

Date:  Jun 18, 2021

Denver, CO, US (United States)

Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

About this role

What will you be responsible for?
The scope of this role is Global and covers all projects, operations and M&A. The Principal Mine Engineer – Cost and Performance Analyst contributes to operational improvements, augments assessments and decision making for mine capital investments by specifically enhancing the understanding and application of productivity and cost information.
This position is responsible for improving operational and project performance by enhancing mine productivity and costing technical expertise and applying industry leading tools and approaches. The incumbent will seek out and identify benefit opportunities in the mine planning process at regional and site levels. The breadth of the role, and the management required will involve the tackling of sophisticated, diverse and conflicting objectives.
This position performs sophisticated technical duties on major projects of significance to Newmont. The role involves some or all of the steps from identifying substantial technical challenges and opportunities; devising innovative approaches, processes and plans to resolve them; to researching, justifying, acquiring and assembling the resources to implement the plans. The role might include leading teams or cooperating with other subject areas to obtain a solution that is optimal to Newmont.
This position reports to the M&A Senior Director, and others as required by the organizational matrix structure, including reporting to a Project or Mining Director when assigned to a project. The incumbent may be required to manage and advise the activities of other specialists whether individuals, small teams or consultants. The breadth of the scope of the role, and the management required will involve the tackling of sophisticated, diverse and conflicting objectives.

In this role you will

Here is a snapshot of what your day to day will look like:

  • Working multi-functionally with internal, site and project teams, vendors and leadership to develop, implement and continually improve global productivity and cost models that provide valuable insight into our business and opportunities for improvement. These models will be consistent throughout the organization; ensuring standard reporting. Champion the adoption of improved approaches and tools at sites and projects, assisting with justification of investment of resources through to implementation.
  • Working multi-functionally with internal, site and project teams, vendors and leadership to utilize productivity and cost models to test mine plan reliability. Evaluate potential cost and productivity improvements, including mine innovation and technology adoption.
  • Completing comprehensive cost model verification, QA/QC and developing process validation protocols to all changes and additions. Thoroughly analyze and test input assumptions, conduct trend analysis to validate assumptions, perform sensitivity analysis to test a range of possible outcomes and provide a recommendation.
  • Encouraging global exchange of both internal and external cost and productivities information and standard methodologies, using community of practises.
  • Assisting in the facilitation of plan and operational reviews, creating repeatable and consistent processes. Analyze resulting data, communicate outcomes, and make recommendation.
  • Improving the operational, project and strategic mine planning results, by fully understanding operational and technical constraints as well as fixed and variable costs and their drivers, and applying them in optimization and financial models.
  • We assist in improving model to mine to mill reconciliation, including development and utilization of the global databases and dashboards.
  • Contributing to the development, implementation and maintenance of mine standards and guidelines
  • Supporting Mine Engineering evaluation of potential Merger, Acquisitions and Divestments including compiling internal and external comparative information.
  • Assisting project and operations teams, including full potential SME’s, providing mine productivity and cost expertise support as well as mine planning back up as needed.
  • Conducting site visits and targeted observations in order to gain a comprehensive understanding of relevant issues. Conduct risk and opportunity reviews. Recommend, modifications to practice including, modifications customized specifically for the purpose. Develop novel approaches to overcoming constraints and obstacles where there may be conflicting approaches, problematic interactions or particular challenges of coordination. Report and present summaries arising from such analysis and provide advice on implementation of modifications, improvements, plans of action and remedies.
  • Ensure that important deadlines are met and budget constraints are adhered to.

Constraints, Framework & Boundaries

  • The Principal Mine Engineer – Cost and Performance Analyst develops and implements strategic mine planning tool and process enhancement as per general industry standard methodologies. The scope of work conforms to: Corporate objectives, which include all company policies and standards including ESR, legal, engineering and other requirements as outlined within the Newmont policy and standards documentation.
  • Applying Newmont Standards and Guidelines, including investment system requirements to ensure mine plans meet minimum requirements and risks as well as confidence levels are clearly understood.
  • We work requirements as specified by Project, Mine, Process, Strategic or Business Functional Leads.
  • Industry codes including SEC, SME, JORC, and NI 43-101.

Your training, skills, and experience checklist

Here is what we would need to see from you!

  • A graduate degree, in a minerals related field, in excess of 12 years with exposure to various gold and multi-element base metals mine operations and/or projects, having different mining and processing methods.
  • Understanding of the mining, processing, S&ER value chains from conception to closure.
  • Both technical and operational experience is critical for this role.
  • High level of competence and experience in a range of mine software applications, including mine and financial cost models.
  • Strong mine costing and financial skills, including mine budgeting and strategic planning.
  • Understanding of Model, Mine, Mill Reconciliation
  • Knowledge of SAP and BPC planning application is beneficial but not required
  • Ability to work collaboratively and influencing others as required.
  • Strong leadership and decision making skills
  • Good oral and written communication skills to effectively convey implications of business evaluation and decisions.
  • Proactive work ethic with strong analytical skills and a high level of accuracy
  • Works effectively across the organization and in a cross-cultural environment;

Working conditions and location

  • The Principal Mine Engineer – Cost and Performance Analyst is based in a corporate administrative and technical office in Denver. Performance of the work requires travel (30-50% of work time) to domestic and international operations. Travel can be at short notice to overseas or domestic locations, including Newmont and non-Newmont locations and greenfields areas.

The salary range offered for this role is $110,960 to 145,635. The salary range is tied to the Colorado market for jobs performed in Colorado. The salary offer to the successful candidate will be based on job-related education, training, and/or experience.  The salary offer will not be based on a candidate’s salary history at other jobs, and by law, Newmont will not seek information about salary history, and candidates should not share such information with Newmont.   

This role will be eligible for participation in a discretionary annual bonus program, pursuant to which an employee may be awarded a percentage of their salary based on the company’s performance and their own individual performance. 

Newmont offers a competitive and inclusive benefits package to support physical, mental, financial and emotional wellbeing. This role will be eligible for the following benefits:  Medical, prescription drug, dental, and vision insurance; flexible spending accounts; health savings accounts; life and accidental death and dismemberment insurance; short and long-term disability; 401(k) program with company match; pension; financial planning; employee assistance program (EAP); adoption assistance; dependent scholarship program; tuition reimbursement; paid holidays and paid time off; paid family leave; matching gifts; and discounts on home, auto and pet insurance.  All bonuses and benefits are subject to the applicable eligibility and program/plan terms and may be modified or terminated at Newmont’s sole discretion.

Nearest Major Market: Denver