Australia’s Largest Gold Mine Company: Newcrest

Newcrest-company

Newcrest is one of the largest mining companies in the world it operates in four countries.

The Newcrest Company is an Australian mining company which engages in the exploration, mining, development, and sale of gold-copper concentrate and gold.

The present and past explorations of this company are in Asia and Europe and the Americas.

Gosowong in Indonesia, Ridgeway Cadia, Telfe and Cracow in Australia is the Newcrest’s chief gold and copper production.

In 2009, Newcrest was one of the world’s fifth-largest gold producers, with a combined production of 2, 8 million ounces of gold.

Also In 2010, the company gave a deal worth US $9.45 billion, and the deal was to give Lihir shareholders 0.12 Newcrest shares, plus A$0.225 per Lihir share.

This company focuses on the long-term value manufacture with a prominence on three significant assessment drivers: growing reserves and production, maintaining low costs, and using capital efficiently.

Newcrest gold company says “the company wants to break 2014 financial year and it needs a gold price of $A1450 per ounce”.

The corporation main target is to be the minor of choice for all investors both the employees and contractors.