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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 ...
The mine has changed ownership throughout its life due to corporate acquisitions. The original owner, Pretium Resources, was acquired by Newcrest Mining on March 9, 2022. [7] In 2023, an American mining company, Newmont, acquired Newcrest, and gained the Brucejack mine. [8]
In 2002, Newcrest Mining announced a new redevelopment project worth $1 billion, [9] after discovering new mineral areas and a reserve base of some 591 tonnes (19 million troy ounces) of gold and 640 thousand tonnes (1.4 billion pounds) of copper. [10]
In January 2008, Newcrest Mining lowered the mine's annual gold output targets. Newcrest said, "At Telfer, mechanical availability of the open pit mining fleet and the processing of harder ores are impacting the expected production profile for the full year. Telfer site cash costs are expected to [rise] over guidance by 8-9 per cent."
Website www.newcrest.com Cadia Mine is a series of large underground and open-cut gold and copper mines located in the Cadia Valley, about 20 kilometres south of the regional city of Orange, New South Wales , Australia .
The Newmont Corporation bought Canadian mining company, Goldcorp in 2019 for USD $10 billion. In 2023, Newmont acquired Newcrest mining for USD $16.8 billion. Newmont has approximately 31,600 [5] employees and contractors worldwide, and is the only gold company in the S&P 500 stock market index.
This is a list of major active gold mines in Western Australia in 2022–23, according to the Department of Mines, Industry Regulation and Safety.To qualify for the department's official list of principal mining projects an operation has to either had mineral sales valued at more than $5 million (or more than 2,500 oz of gold), or, for operations where such figures are not reported, had a ...
Merger talks were first made known in April 2010, with an announcement by Newcrest Mining. On Monday August 23, 2010 the A$9.5 billion takeover offer by Newcrest was approved after 99.86% of Lihir Gold Shareholders voted in favour of it. [13] The takeover received national court of Papua New Guinea approval on August 28, 2010. [14]