Newcrest Mining

In 1966 Newmont Mining Limited established and Australian subsidiary Newmont Holding Limited(known as Newmont Australia Limited), to find and develop gold in Australia.

In 1975 a Joint Venture with BHP Gold occured with the Telfer open pit mine with full production commencing in 1977.

Listed on the Australian Stock Exchange in 1987 and in 1990 Newmont Australia Limited acquired Australmin Holdings and merged with BHP Gold Limited (a wholly owned subsidiary of BHP Limited). The merger created a name change to Newcrest Mining Limited.

In 1992 Newcrest discovered Cadia Hill near Orange in NSW with construction commencing in 1996 and the company also entered into a joint venture with Sedimentary Holdings to explore gold in Cracow in Qld.

In the year 2000 operations commenced at the Ridgeway mine in NSW.

In 2006 with substantial increases in gold production and cash flow Newcrest went from strength to strength. Over the next few years with further expansions and joint ventures and a merger with Lihir Gold in 2010. With that Newcrest acquired the Lihir Gold mine in Papua New Guinea, Mount Rawdon gold mine in Qld and the Bonikro gold mine and interests in West Africa.

Today Newcrest are one of the largest gold mining companies with mines in 4 countries and a workforce of around 16,000 people. For the year 2012 resources after mining depletion are estimated at 161.2 million ounces of gold and estimated reserves at 87.3 million ounces of gold.