Newmont Corporation: Әлемдегі ірі алтын кеншілік компаниясы

American mining company

Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead. The Newmont Corporation bought Canadian mining company, Goldcorp in 2019 for $10 billion. Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the Standard & Poor's 500 stock market index.

Asset Country Ownership Mine Type Metals Projected attributable gold production in 2021 (troy ounces) Attributable gold reserves in 2020 (troy ounces) Cripple Creek & Victor Gold Mine 100% Surface Gold, Silver 260,000 2.49 million Nevada Gold Mines 38.5% 10 Underground, 12 Surface Gold, Copper, Silver 1.37 million 17.39 million Éléonore 100% Underground Gold 270,000 1.26 million Musselwhite mine 100% Underground Gold 200,000 1.79 million Porcupine mine 100% Underground, Open Pit, Stockpiles Gold 360,000 3.05 million Peñasquito Mine 100% Open Pit Gold, Silver, Lead, Zinc 660,000 7.1 million Cerro Negro mine 100% Underground Gold 270,000 2.57 million Merian 75% Surface Gold 320,000 3.97 million Pueblo Viejo mine 40% Open Pit Gold 325,000 4.11 million Yanacocha 100% Surface Gold 160,000 3.41 million Ahafo mine 100% Surface Gold 515,000 6.06 million Akyem 100% Surface Gold 400,000 2.27 million Boddington Gold Mine 100% Surface Gold, Copper 830,000 12.69 million Tanami Mine 100% Underground Gold 500,000 5.87 million

The Newmont Company was founded in 1916 in New York by Colonel William Boyce Thompson as a holding company to invest in Worldwide mineral, oil, and related companies. According to company lore, the name "Newmont" is a portmanteau "New York" and "Montana", reflecting where Thompson made his fortune and where he grew up. Newmont made its first major gold investment in 1917, with a founding 25 percent in the Anglo American Corporation of South Africa. Four years later, in 1921, the Newmont Company reincorporated as the Newmont Corporation. In 1929, Newmont became a mining company with its first gold product in by acquiring California's Empire Star Mine. By 1939, Newmont was operating 12 gold mines in North America. The company acquired interests overseas. For decades around the middle of the 20th century, Newmont had a controlling interest in the Tsumeb mine in Namibia and in the O'Okiep Copper Company in Namaqualand, South Africa. Beginning in 1925, Newmont acquired interests in a Texas oil field. Eventually, Newmont's oil interests included more than 70 blocks in the Louisiana, Gulf of Mexico area and oil and gas production in the North Sea. Fred Searls became president in 1947, after serving as the company's exploration geologist. Searls retired in 1954, and Plato Malozemoff took over as president. Newmont began mining at Carlin, Nevada, in 1965. The "Carlin Trend" or "Carlin Unconformity" is the largest gold discovery in North America during the 20th century. In 1971 Newmont began heap leaching low grade ores there. In 1971, the South West African (now Namibia) Tsumeb & Kombat mines managed by Newmont, had its operations stopped during the 1971–72 Namibian contract workers strike over the contract labor system and apartheid.

In the 1980s, Newmont thwarted five takeover bids – from Consolidated Gold Fields (ConsGold), T. Boone Pickens, Minorco, Hanson Industries and James Goldsmith – who sought to break Newmont apart and sell its assets to increase shareholder value. In 1987, defending against a $6.3 billion bid by T. Boone Pickens, the company paid a US$33 per share special dividend to all shareholders, US$2.2 billion in cash, of which US$1.75 billion was borrowed. To reduce this debt the company undertook a divestment program involving all of its copper, oil, gas, and coal interests. As a further step in the restructuring, the company moved its headquarters from New York City to Denver in 1988. A decade later, Newmont Mining Corporation and Newmont Gold Company combined assets to form a unified worldwide gold company. Shareholders of both companies had identical interests in the reserves, production and earnings of Newmont Gold's operations. Newmont then merged with Santa Fe Railroad (a former Atchison, Topeka & Santa Fe Railway subsidiary, sold in preparation for the merger that produced the BNSF) to form North America's largest gold producer. On June 21, 2000, Newmont announced a merger with Battle Mountain Gold. The merger was completed in January 2001. In February 2002, Newmont completed the acquisition of Normandy Mining and Franco Nevada. Newmont faced competition in its bid for Normandy from AngloGold. By eventually outbidding the South African company, Newmont became the world's largest gold producer, with an annual production in excess of 8 million ounces. In 2007, the company eliminated its 1.5 million ounce legacy hedge book to make Newmont the world's largest unhedged gold producer. The following year, Newmont acquired Miramar Mining Corporation and its Hope Bay deposit in the Canadian Arctic. In 2009, Newmont purchased the remaining one third interest in Boddington Gold Mine from AngloGold Ashanti, bringing its ownership to 100 percent. In April 2011, the company acquired Canada's Fronteer Gold Inc. for CA$2.3 billion. This made the company the world's second largest gold producer. In 2017, Newmont produced 5.65 million ounces of gold at all in sustaining costs of US$924 per ounce. The company reported adjusted net income of $780 million for the year, In May 2023, Newmont agreed terms to purchase Newcrest. The Deal was completed in November 2023. Goldcorp had previously been under public scrutiny for documented human rights abuses, including poisoning river water that led to severe illnesses in local children living close to the mining operation (https://theviolenceofdevelopment. com/the true cost of gold in honduras/)

In August 2004, the Indonesian Ministry of Environment filed a civil lawsuit against Newmont, claiming tailings from the company's Minahasa Raya mine polluted Buyat Bay. The company was cleared by an Indonesian court, with the judge ruling the pollution charges could not be proven.

In 2009, a group of NGOs awarded Newmont with the Public Eye on Davos award (a criticism for "purely profit oriented globalization") for its Akyem project in Ghana. Newmont said the award was issued based on several paragraphs of text which “clearly were intended to distort the facts”. In 2010, Newmont was fined $4.9 million by the Ghanaian Environmental Protection Agency for not preventing, reporting and investigating a cyanide spill at Ahafo mine in an "appropriate and timely manner".