Newcrest Mining

Newcrest Mining is an Australian gold and copper mining company headquartered in Melbourne. The company operates large-scale mining operations across Australia, Papua New Guinea, Indonesia and North America, focusing on the extraction and processing of precious and base metals. Newcrest was listed on the Australian Securities Exchange and was one of the world's largest gold producers by output. Its principal assets include the Cadia Valley operations in New South Wales, the Lihir gold mine in Papua New Guinea, and the Telfer mine in Western Australia. The company also holds interests in the Red Chris mine in British Columbia, Canada, and the Brucejack mine, also in British Columbia. Newcrest's operations are characterised by large-scale, long-life orebodies with significant mineral resources and reserves. The company employs several thousand people across its global operations and generates annual revenue in the billions of dollars. In 2023 Newcrest was acquired by Newmont Corporation, the world's largest gold producer, in a transaction valued at approximately $19-billion. The acquisition created a combined entity with an expanded portfolio of tier-one gold and copper assets across multiple jurisdictions. Newcrest was founded in 1966 and grew through exploration, development and strategic acquisitions to become a leading international mining house before its integration into Newmont.