NCM – Newcrest Mining Shares – Company Profile

With mining and exploration interests in Australia, Indonesia, and Papua New Guinea, Newcrest Mining (NCM) is a major Australian gold-copper producer. Newcrest is Australia’s largest independent domestic gold producer with its core assets being the 100% owned and world-class Cadia copper-gold mineral complex in NSW and the Telfer mine in WA. NCM has been construction its gold producing capacity and exploration potential through JVs at Gosowong in Indonesia, Cracow in Queensland and Harmony in Papua New Guinea.

In June 1987 Newcrest was listed on the Australian Shares Exchange as Newmont Australia Ltd and changed its name to Newcrest in 1991. Newmont Australia first discovered Telfer in 1972, in 1990 Newmont Australia merged with BHP Gold Mines Ltd. BHP and Newmont sold their holdings in Newcrest in 1993. Following a poor performance in the mid 1990s, Newcrest had a big turnaround that came in the later part of the decade with the opening of Cadia in October in 1998, followed by Gosowong in July 1999.

The sheer potential of the Cadia mineral province in NSW and Telfer in WA differentiate Newcrest from its competitors. These mineral provinces are huge goldfields with significant potential beyond other known reserves. NCM is trying to expand its business via its own projects; most significant are the Cadia and Telfer mineral provinces, whereas other big gold companies have secured growth through acquisition.

The main competitors for Newcrest Mining include its international peers such as Newmont and Anglo Gold. The majority of NCM’s gold production is delivered into the company’s hedge book.

General Information on NCM:

Company Name: Newcrest Mining Limited Stock Code:
NCM Website: www.newcrest.com.au
Market Cap ($M): 16,547
Equiv. Shares (M): 484

Market Statistics:

% of Market: 1.3900
% of Sector: 2.6937
Sector: Materials Industry Group:
Materials Industry: Metals & Mining