NewsBite

Newcrest Mining

August

Newmont, the world’s top gold producer, is seeking to sell six mines including Havieron and Telfer in Western Australia.

Newmont non-core asset sales pegged for end-year; Macquarie on board

MacCap’s resources bankers are back on the tools, and soft soundings are under way.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Northern Star is betting big on an expansion of the Superpit mine on the doorstep of Kalgoorlie.

Northern Star boss says China’s reserves are gold’s best bull signal

Australia’s biggest gold miner, Northern Star boss Stuart Tonkin, said the race for the White House is not the main game as far as gold is concerned.

  • Brad Thompson

April

A Newmonth mine in Western Australia. The company is one of the world’s largest gold producers.

Buy Newmont to benefit from gold price surge, Citi urges

Shares in the gold miner, which merged with Newcrest last year, have fallen. But the investment bank says that should be more than overcome this year.

  • Joshua Peach
When CSR boss Julie Coates returned to work in early January, an important matter landed on her desk.

UBS, Barrenjoey, BofA top M&A league table in blockbuster-free quarter

Saint-Gobain’s $4.3 billion bid for building materials giant CSR was the biggest deal for the quarter with Barrenjoey and Lazard on for advice.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

February

Perseus eyes Newmont’s gold mine for sale

Newmont will sell six gold mines across Australia, Ghana and North America, and the fourth-biggest ASX gold producer is throwing its hat in the ring.

  • Peter Ker
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Newmont puts Telfer, Havieron mines in WA up for sale

The world’s top gold producer is seeking to sell six mines and two projects as part of an effort to generate $3.1 billion in cash.

  • Jacob Lorinc

January

Gold giant Newmont’s addition to ASX is expected to trigger major changes to the indices.

Newmont to slide down ASX 200 as investors ditch secondary listings

The gold giant’s addition to the Australian Stock Exchange is expected to see a major reshuffle of the indices and $746 million worth of trading at the quarterly rebalance.

  • Alex Gluyas
Tom Palmer.

From Cobar to Colorado: Aussie Tom Palmer’s rise to global mining CEO

He led a foreign raid on the nation’s top gold miner. But Tom Palmer is also the Cobar kid who wants Newmont to be the top gold pick for Australian investors.

  • Peter Ker

December 2023

Newcrest Mining’s biggest earning asset is the Cadia mine in NSW.

Inside ‘Project Havana’, the $26b merger that shaped Aussie M&A

Newcrest’s tie-up with US peer Newmont resulted in it leaving the ASX after 36 years in December, and more delistings should keep bankers busy in 2024.

  • Aaron Weinman

Sacked CEO sues SolGold after boardroom stoush

BHP and Newmont’s struggling Ecuadorian copper play has hit more trouble, with former CEO Darryl Cuzzubbo filing a multimillion-dollar breach of contract claim.

  • Updated
  • Peter Ker

Will Newmont’s secondary listing work? History says it will be hard

Navigating investor apathy and keeping management’s attention on local shareholders is not easy, as Singtel and Janus Henderson have found.

  • Tom Richardson

November 2023

Newmont CEO Tom Palmer.

Newmont boss counters M&A talk around Telfer

Broken Hill-born Tom Palmer says running the world’s biggest gold miner without an office is working out fine for him.

  • Brad Thompson
Newmont CEO Tom Palmer says the listing of the mining giant on the ASX can fill a gap for local investors.

Newmont ascension resets race for gold riches

Australia’s gold miners have a remarkable ability to wheel and deal their way to riches. Newmont’s re-entry to the ranks restarts the race.

  • Anthony Macdonald

October 2023

Northern Star Resources is set to build Australia’s biggest gold mine by the end of this decade.

Newcrest investors green light Newmont merger

The acquisition of Australia’s biggest gold producer will extend US-based Newmont’s lead as the world’s No.1 gold company.

  • Updated
  • Elouise Fowler
Newmont CEO Tom Palmer says the listing of the mining giant on the ASX can fill a gap for local investors.

Inside Newmont’s copper-tinged pitch to Aussie investors

On the eve of his takeover of Newcrest, Newmont CEO Tom Palmer wants to make it clear the gold giant has more than one string to its bow. 

  • James Thomson
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September 2023

How mine safety became a winning strategy for Orica

Automation is helping to keep miners safe, boost productivity and explore risky shafts.

  • Christopher Niesche
Newmont chief executive Tom Palmer at the World Mining Congress, Brisbane in June.

Newmont $29b takeover to spur massive liquidity event (that few are watching)

Success is judged by liquidity – the degree to which trading occurs on the ASX. There have been plenty of failures.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Interim Newcrest boss Sherry Duhe says Christine Morris was wise to exit Fortescue.

Fortescue executive was ‘very wise’ to quit, says rival mining boss

Interim Newcrest chief Sherry Duhe has assured Christine Morris she did the right thing in leaving the miner after just two months.

  • Peter Ker
Bill Ferris

Why I support the Voice: Bill Ferris’ letter to his grandchildren

Pioneer venture capitalist Bill Ferris is making a novel, late intervention in the Voice debate, writing a letter to his grandchildren supporting the Yes vote.

  • Andrew Clark

August 2023

Newcrest CEO Sherry Duhe.

Newcrest forks out cash to former CEO, COO

Sandeep Biswas, who presided over the miner for almost nine years and left last year after complaints about his leadership, took home $6.47 million.

  • Elouise Fowler and Peter Ker

Original URL: https://www.afr.com/company/ncm-132