Newcrest Mining Limited
 |
|
| Public | |
| Traded as | ASX: NCM |
| Industry | Resources |
| Headquarters |
600 St Kilda Road Melbourne, Australia |
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Key people
|
Sandeep Biswas - MD Peter Hay - Chairman |
| Products | Gold |
|
Production output
|
Gold: 1,631,000 ounces |
| Website | www.newcrest.com.au |
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont Mining Corporation initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pty Ltd. in 1980 and in 1990 acquired 100% of Australmin Holdings Ltd. taking the current name.
Newcrest’s primary gold and copper production in Australia is at Ridgeway (Cadia Valley Operations), the second Australian operation being the Telfer Mine in the Pilbara region of Western Australia. Newcrest also operates two mines in Papua New Guinea, Lihir and Hidden Valley, and one each in Ivory Coast (Bonikro) and Indonesia (Gosowong). Past and present exploration was done in the Americas, Asia and Europe.
In April 2010, Newcrest announced it was in merger talks with Lihir Gold, a move that would create the world's fifth-largest gold producer, with a combined production of 2.8 million ounces of gold in 2009. In August 2010, the deal was approved by Lihir shareholders (99.86%), and by the end of the month by the national court of Papua New Guinea (PNG), clearing the way for the deal. Under the deal worth US$9.45 billion, Newcrest will give Lihir shareholders 0.12 Newcrest shares, plus A$0.225 per Lihir share. As of 2015, Newcrest was the world's sixth-largest producer of gold.
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Wikipedia