 | |
| Company type | Subsidiary |
|---|---|
| Industry | Resources |
| Founded | 1921  |
| Headquarters | , |
Key people | Sherry Duhe (Managing Director) Peter Tomsett (Chairman) |
| Products | Gold |
Production output | 2,100,000 ounces (2020–21)[1] |
| Parent | Newmont |
| Website | www |
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate.[2] 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 initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pvt Ltd in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Limited taking the current name.
Newcrest's primary gold and copper production in Australia is at Cadia East 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, two mines in Canada, Red Chris and Brucejack. It previously operated in the Ivory Coast (Bonikro) and Indonesia (Gosowong).[3] Past and present exploration has been carried out 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.[4] 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.[5][6] 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. In November 2023 Newmont took over the company.
- ^ "Newcrest Mining Annual Report 2021". www.asx.com.au. Newcrest Mining. 5 October 2021. Retrieved 20 May 2022.
- ^ Karageorgos, John (March 2007). "Improved Flotation Process Control at Newcrest's Telfer Operation". researchgate.net. Conference: 9th Mill Operators Conference - Fremantle - AusIMM. Retrieved 16 February 2023.
- ^ ."Our Assets - Cadia". Newcrest Mining Limited. Retrieved 12 September 2024.
- ^ Newcrest Proposed Combination with Lihir Archived 6 July 2011 at the Wayback Machine Newcrest website, published: 1 April 2010, accessed: 9 May 2010
- ^ "Lihir Gold shareholders approve Newcrest takeover". August 2010. Archived from the original on 27 August 2010.
- ^ "PNG court approves gold miner Newcrest's Lihir takeover". 28 August 2010. Archived from the original on 30 August 2010.