Newcrest Mining Limited

Based in Victoria, Australia, and founded in 1921, Newcrest Mining Limited specializes in producing gold and engaged in finding, developing, and operating gold and copper mines. In 2017, Newcrest became a member of the International Council on Mining and Metals, where it works with other industry leaders to improve the mining sector's contribution to society. In May 2023, Newmont Mining Corpora agreed to acquire Newcrest Mining Limited for USD 19. 2 billion.

The transaction is expected to be completed in the fourth quarter of 2023. Sherry Duhe is the company's interim CEO as of 2023, and it runs mines in Australia, Canada, and Papua New Guinea. The company is traded on the Australian Securities Exchange under the ticker symbol NCM. The company focuses on mine operations and development.

The portfolio of the firm includes low-cost, long-life mines as well as a pipeline of exploratory prospects, deep underground block caving, and metallurgical processing. Newcrest uses vast ore bodies to mine and selective underground mining processes to optimise high-grade epithermal and porphyry deposits. Cadia Hill, Cadia East, Ridgeway, Gosowong, and the O'Callaghans tungsten and base metals deposit are among the significant discoveries produced by the business. The company's recent investments in research and development of underground bulk-mining technology have advanced the technological development of cave mining methods for its operations.