The Newmont Mining story comes from statements made to analysts in Denver on Friday.

Newmont Mining Corp., the world's second largest gold producer by volume, said global production of the precious metal, will decline as new deposits that are profitable to mine become harder to find. "It's more unlikely that we'll find big deposits, near the surface, that are economical to mine," chief executive Richard O'Brien said. "We see a continued decline in production - not just ours, but everybodys". This according to The Financial Post.

 Sounds like a cheif executive preparing the market for production declines. What is interesting is that he is going on record with analysts to say that this will be a general trend. They have obvously looked at what's on offer out there to boost production. That being said, if KXL (or anyone else for that matter) has the goods, they'll have no problems finding interested parties.