Newcrest Mining
    Quick access
    Headquarters
    Australia
    Stock Exchange Listings
    ASX: NCM - PNGX: NCM
    Workforce
    Employees: 5,100 (31/12/2018)
    Contract workers: 7,639 (31/12/2018)
    Total: 12,739 (31/12/2018)
    Geographic Footprint
    Producing countries: 3
    Known tax jurisdictions: 9
    Revenues (in BUSD)
    Total Revenue: 3.742 (31/12/2018)
    Net Income: 0.558 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 0
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 0
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    While absolute results remain low overall, Newcrest Mining shows one of the five stronger results in Lifecycle Management and its results are above the overall average for five thematic areas, but below average in Working Conditions (largely due to some lack of detail in its disclosure of data on fatalities, serious injuries and safety incidents). In Lifecycle Management, Newcrest Mining has a mine closure standard designed to ensure its operations manage post-closure transition for affected communities, and demonstrates that it tracks and reviews its performance on progressive rehabilitation.

    Newcrest Mining ranks 6th among the 38 companies on its mine-site-level results, though with an average score of only 20%, in the mine-site assessment.

    In evidence of Newcrest Mining’s continuous improvement efforts since the RMI Report 2018, the company has produced a new biodiversity policy that formalises its no-go commitment on World Heritage Sites and its respect for other protected areas. Furthermore, the company has produced a climate change statement, set a target for reducing its greenhouse gas (GHG) emissions, and started detailed and site-disaggregated reporting on its GHG emissions.

    Newcrest Mining is associated with a leading practice on disclosure of details on the functioning and uptake of its community grievance mechanism at one of its mine sites.

    Newcrest Mining’s overall results are limited by a lack of evidence on a number of issues, including for example tracking the quality of its relationships with affected communities, ensuring its operations address the health and safety needs of women workers, and tracking its performance on reducing adverse impacts on water quality.

    Moreover, Newcrest Mining’s results in the mine-site assessment are very variable. While one of its four assessed mine sites shows the strongest results among the 180 sites assessed (scoring 52%), the company’s other three mine sites results are much weaker. None of these three mine sites show any relevant evidence on six of the issues covered: post-closure planning, community grievances, worker grievances, air quality, water quality and emergency preparedness.

    Overall results

    Economic Development

    1.28 / 6.002020
    0.20 / 6.002018

    Business Conduct

    1.82 / 6.002020
    2.08 / 6.002018

    Lifecycle Management

    2.50 / 6.002020
    1.56 / 6.002018

    Community Wellbeing

    1.00 / 6.002020
    0.77 / 6.002018

    Working Conditions

    1.50 / 6.002020
    2.08 / 6.002018

    Environmental Responsibility

    1.79 / 6.002020
    1.06 / 6.002018

    Average Mine-Site Score

    19.7%2020
    2020
    1.28
    score / 6
    2018
    0.20
    score / 6

    Economic Development

    2020
    1.82
    score / 6
    2018
    2.08
    score / 6

    Business Conduct

    2020
    2.50
    score / 6
    2018
    1.56
    score / 6

    Lifecycle Management

    2020
    1.00
    score / 6
    2018
    0.77
    score / 6

    Community Wellbeing

    2020
    1.50
    score / 6
    2018
    2.08
    score / 6

    Working Conditions

    2020
    1.79
    score / 6
    2018
    1.06
    score / 6

    Environmental Responsibility

    2020
    19.7
    %

    Average Mine-Site Score

    Compare with 2018 results

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Cadia Valley OperationsGosowongLihirTelfer
    Local Employment
    (score /3)    		0.00.00.01.0
    Local Procurement
    (score /3)    		0.50.50.51.0
    Post-Closure Plans
    (score /3)    		2.00.00.00.0
    Community Grievances
    (score /3)    		3.00.00.00.0
    Worker Grievances
    (score /3)    		0.00.00.00.0
    Air Quality
    (score /3)    		3.00.00.00.0
    Water Quality
    (score /3)    		3.00.00.00.0
    Water Quantity
    (score /3)    		2.01.01.01.0
    Tailings Management
    (score /3)    		1.51.0-1.0
    Emergency Preparedness
    (score /3)    		0.50.00.00.0
    Mine-site Score
    (%)    		51.78.35.613.3

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Bonikro-Côte d'Ivoire0Gold, SilverOpen-pit
    Cadia Valley OperationsCVO, Cadia East, Ridgeway, Cadia HillAustralia100Copper, GoldOpen-pit, Underground
    GosowongToguraci, KencanaIndonesia75Gold, SilverOpen-pit, Underground
    Lihir-Papua New Guinea100Gold, SilverOpen-pit
    TelferMain Dome, West DomeAustralia100Copper, GoldOpen-pit, Underground

    Tailings (known)

    NameCountryStatusConstruction MethodImpact-based hazard category (company-reported)
    Blayney TSFAustraliaCare and Maintenance Not reportedNot reported
    Cadia Hill open pitAustraliaActiveIn-PitN/A
    Cadia NTSFAustraliaCare and Maintenance Hybrid, Downstream, Centreline and UpstreamSignificant
    Cadia STSFAustraliaActiveHybrid, Downstream, Centreline and UpstreamSignificant
    Fruta Del Norte TSFEcuadorUnder ConstructionDownstreamNot reported
    Gosowong TSF1IndonesiaActiveHybrid, Centreline, Downstream and UpstreamHigh C
    Gosowong WEXIndonesiaActiveDownstreamHigh C
    Telfer TSF1-6AustraliaInactiveNo data availableNo data available
    Telfer TSF7AustraliaActiveHybrid, Downstream and UpstreamSignificant

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    Allan Gray Australia Pty Ltd7.76%
    BlackRock Investment Management (UK) Ltd.6.57%
    First Eagle Investment Management, L.L.C.4.91%
    Van Eck Associates Corporation4.33%
    BlackRock Institutional Trust Company, N.A.3.16%
    The Vanguard Group, Inc.2.80%
    Fidelity Management & Research Company2.56%
    Orbis Investment Management Ltd.2.25%
    Vanguard Investments Australia Ltd.2.20%
    J O Hambro Capital Management Limited1.61%
    Norges Bank Investment Management (NBIM)1.26%
    BlackRock Advisors (UK) Limited0.80%
    BlackRock Investment Management (Australia) Ltd.0.70%
    Merian Global Investors (UK) Limited0.56%
    APG Asset Management N.V.0.50%

    Beneficial Owners (known)

    As of: 30/06/2018Shares (%)
    Sandeep Biswas0.07
    Gerard Bond0.02
    Michael Nossal0.01
    Craig Jones0.01
    Francesca Lee<0.01%
    Philip Stephenson <0.01%
    Peter Hay<0.01%
    Philip Aiken<0.01%
    Roger Higgins<0.01%
    Rick Lee<0.01%
    Xiaoling Liu<0.01%
    Vickki McFadden<0.01%
    Winifred Kamit<0.01%
    John Spark<0.01%
    Melanie Allibon<0.01%

    Subsidiaries (known)

    As of: 30/06/2019Country
    Cadia Holdings Pty LimitedAustralia
    Contango Agricultural Company Pty LtdAustralia
    LGL Exploration CI SACôte d'Ivoire
    LGL Resources CI SACôte d'Ivoire
    Lihir Gold LimitedPapua New Guinea
    Newcrest Canada Holdings IncCanada
    Newcrest Canada IncCanada
    Newcrest Dougbafla CI SACôte d'Ivoire
    NewcrestEcuador SAEcuador
    Newcrest Exploration (Fiji) Pte LimitedFiji
    Newcrest (Fiji) Pte LimitedFiji
    Newcrest Finance Pty LimitedAustralia
    Newcrest Insurance Pte LtdSingapore
    Newcrest International Pty LtdAustralia
    Newcrest Operations LimitedAustralia

    Tax Jurisdictions (known)

    Australia

    Canada

    Côte d'Ivoire

    Ecuador

    Fiji

    Indonesia

    Papua New Guinea

    Singapore

    USA

    Investor / State Disputes
    (since 2014)

    No case

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