About Newcrest

Our company

Company Profile

Newcrest is the largest gold producer listed on the Australian Securities Exchange and one of the world's largest gold mining companies.

At Newcrest we’re known for our strong technical capabilities in exploration, deep underground block caving and metallurgical processing skills. We're committed to creating a work environment where everyone can go home safe and healthy every day, and where everyone actively contributes to this outcome; operating and developing mines in line with strong environmental, social and governance practices; developing a diverse workforce; and developing and maintaining strong relationships with our communities and governments.

In 2017, we joined the International Council on Mining and Metals, an international organisation that brings together 25 mining and metals companies and over 30 regional and commodities associations dedicated to a safe, fair and sustainable mining and metals industry, and serving as a catalyst for change to enhance mining’s contribution to society.

Our code of conduct, corporate governance framework and a comprehensive suite of company policies protect against illegal and inappropriate behaviours, such as fraud, bribery, corruption, discrimination and bullying, and articulate our position on safety, health, human rights, environment, communities, security and diversity and inclusion.

Diversity and inclusion are essential parts of Newcrest’s vision, values and company culture. Our Diversity and Inclusion Strategy 2018-2021  includes more information on our latest targets.

Our headquarters are in Melbourne, Australia, and we have operating mines in Australia, Canada, Papua New Guinea (PNG) and Indonesia.

OUR MISSION

Our mission is to deliver superior returns from finding, developing and operating gold/copper mines.

Two officers communicating by machinery

OUR VISION

Our vision is to be the Miner of Choice™ for our people, shareholders, host communities, partners and suppliers, our company strategy focuses on five key pillars.

Sunset field

OUR EDGE

Being agile, bold and having an owner’s mindset.

Worker walking on machinery

Our Strategy

Forging a Stronger Newcrest 

01
Safety & Sustainability

Everybody going home safe and healthy every day is our priority. We care for the communities we work with and the environment, applying sustainable practices across all aspects of our business.

Worker debrief
02
People

Our people are capable and engaged, empowered to deliver superior returns. We have a focus on diversity and inclusion and developing our people at all levels.

Man smiling
03
Operating performance

Optimising the returns, we can achieve from our current operating assets, we aim for low-cost, long-life operations. Integrated planning, asset management and rigorous performance programs are utilised to maximise production and minimise costs.

Mining site
04
Technology & Innovation

We are targeting audacious technical breakthroughs that will optimise current mining while providing significant step changes for future success. 

Drone in mines
05
Profitable Growth

Actively growing the value of our business through brownfield and greenfield exploration, combined with a focus on early-entry merger and acquisition prospects in known gold regions. We aspire to have exposure to five tier one ore bodies by 2020.

Employees looking out

NEWCREST BY 2020: OUR ASPIRATIONS

Safety and Sustainability

Zero fatalities and industry-leading TRIFR

People

First quartile Organisational Health

Operating Performance

First quartile Group AISC per ounce

Technology and Innovation

Five breakthrough successes

Profitable Growth

Exposure to five tier one orebodies

(OPERATIONS, DEVELOPMENT PROJECTS OR EQUITY INVESTMENTS)

OUR VALUES

Caring about people

Caring about
 people

Keeping people safe and healthy and respecting our communities and the environment.

Integrity & honesty

Integrity &
honesty

Doing what we say we will do and doing the right thing.

Working together

Working 
together

Having shared goals and helping one another to achieve them.

Innovation & problem solving

Innovation &
 Problem Solving

Challenging convention and finding a better way.

High performance

High-performance

Seeking high performance in ourselves and others.

Our Assets

Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfields and greenfields exploration projects. Our reserve and resource base is strong, with current gold reserves representing more than 25 years of production at current rates. 

Newcrest uses a variety of efficient mining methods for large ore bodies, together with selective underground mining methods to optimise high-grade epithermal deposits and porphyry deposits.

Our operating mines are located in Australia, Canada, Papua New Guinea and Indonesia.

Cadia

Cadia Workers and Machinery
NEW SOUTH WALES, AUSTRALIA
Ownership100% Newcrest
MetalsGold and Copper
Location25 kms from Orange, NSW

Telfer

Telfer worksite sunrise
WESTERN AUSTRALIA, AUSTRALIA
Ownership100% Newcrest
MetalsGold and Copper
Location400 kms from Port Hedland, WA

Lihir

Lihir Mines
ANIOLAM ISLAND, PNG
Ownership100% Newcrest
MetalsGold
LocationAniolam Island, 900 kms from Port Moresby, PNG

Gosowong

Gosowong aerial shot
Halmahera Island, Indonesia
Ownership75% Newcrest
MetalsGold and Silver
Location2,450 kms from Jakarta, Indonesia

Red Chris

Red Chris mine
BRITISH COLUMBIA, CANADA
Ownership70% Newcrest
MetalsGold and Copper
Location1,700 kms from Vancouver, Canada

Wafi-Golpu

Wafi Golpu - village
MOROBE PROVINCE, PAPUA NEW GUINEA
Ownership50% Newcrest
MetalsGold and Copper
Location65kms from the city of Lae, PNG

History

Since 1966

Mining site - historical

Newcrest dates back to 1966, when Newmont Mining Limited established an Australian subsidiary, Newmont Holdings Limited, which subsequently changed its name to Newmont Australia Limited. 

In 1990, Newmont Australia Limited acquired Australmin Holdings Ltd, subsequently merged with BHP Gold Limited and changed its name to Newcrest Mining Limited.

Newcrest has a strong track record of discovering major deposits over the past 15 years, including the deposits at Cadia Hill, Cadia East, Ridgeway, Gosowong, and the O’Callaghans tungsten and base metals deposit.

In recent years, Newcrest has placed significant focus on investing in strategic research and development of underground bulk-mining technologies from early concept studies to full-scale trials. Through this investment, Newcrest has advanced the technical development of caving mining methods with current application at Cadia and Telfer, and planned application at Red Chris and Wafi-Golpu.