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 2021-2025 to learn more about how we are building a diverse and inclusive environment where everyone feels safe, valued and supported to bring their whole unique self to work.

Our headquarters are in Melbourne, Australia with operating mines in Australia, Canada and Papua New Guinea.

OUR PURPOSE

Creating a brighter future for people through safe and responsible mining

Two officers communicating by machinery

OUR VISION

To be the Miner of Choice:

  • Valued by our people and communities
  • Respected by our partners, customers, suppliers and peers
  • Celebrated by our owners
Sunset field

OUR EDGE

Collaboration, innovation and an owner's mindset

Worker walking on machinery

Our Strategy

Forging an even stronger Newcrest 

01
We are a safe and sustainable business

Everyone goes home safe and healthy every day. Communities trust us because of our environmental and social performance

Worker debrief
02
We have the best people

We have a high-performance, inclusive culture where everyone can thrive and excel

Man smiling
03
We are outstanding operators

We safely operate our assets to their full potential

Mining site
04
We are a leader in innovation and creativity

We create lasting value through audacious breakthroughs

 

Drone in mines
05
We grow profitably

We have an industry leading portfolio that delivers superior returns and growth

Employees looking out

NEWCREST BY 2025: OUR ASPIRATIONS

We are a safe and sustainable business measures:

  • Zero fatalities or life-changing injuries
  • Top decile TRIFR
  • No repeat SPIs
  • Achieving our Greenhouse Gas emission intensity reduction and water efficiency targets
  • Top decile performance for Metals & Mining in the Dow Jones Sustainability Index 

We have the best people measures:

  • Top decile Organisational Health
  • Top half of industry diversity metrics
  • Year on year improvement in Organisational Health inclusion measures
  • At least 50% of our appointments are internal candidates

We are outstanding operators measures:

  • Consistently meet or exceed Budget
  • Performance v industry benchmarks and technical limits
  • Top quartile Overall Equipment Effectiveness (OEE)
  • Lowest quartile AISC per ounce
  • No major unplanned operational interruptions

We are a leader in innovation & creativity measures:

  • No major unexpected geotechnical events
  • 15 Moz eq of innovation driven Reserve growth
  • 20% improvement in operational efficiency and sustainability measures
  • $1 Bn of incremental NPV added through breakthroughs

We grow profitably measures:

  • Add to our portfolio of Tier 1 and Tier 2 orebodies 2 - 3 greenfield discoveries
  • Havieron in production
  • Red Chris block cave nearing production
  • Wafi-Golpu project approved and in development
 

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 24 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 and Papua New Guinea.

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
NIOLAM ISLAND, PNG
Ownership100% Newcrest
MetalsGold
LocationNiolam Island, 900 kms from Port Moresby, PNG

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

Havieron

Construction at Havieron
WESTERN AUSTRALIA, AUSTRALIA
OwnershipJoint venture with Greatland Gold
MetalsEarly works construction underway
Location45kms east of Telfer

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.