Newmont Swot Analysis

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Company Information Company History In 1921, Colonel William Boyce Thompson founded the Newmont Co. as a holding company to trade private oil and gas, mining, and mineral enterprises. In 1925 the company was renamed Newmont Mining Corporation, when it went public on the New York Stock Exchange. During the first ten years as Newmont Mining, the company focused on investing and trading auspicious mineral stocks, including US copper and gold mines. These investments sustained the company’s success throughout the Depression. During the 1940s and 50s Newmont began to acquire foreign mining assets in Africa, North America, and South America. It was in the in the mid 1960s that Newmont began producing gold from the Carlin Trend in Nevada. In …show more content…

Throughout the rest of the 1980s and through the 1990s Newmont continued to grow, as did its list of subsidiaries. In 1997, the company increased its gold reserves and territory by acquiring Santa Fe Pacific Gold for roughly $2.1 billion. In 2000 operations in Indonesia resulted in two $500,000 fines by an Indonesian court following local tax disputes and a mercury spill at its Yancocha mine. Following these incidents, in 2001 president Wayne Murdy became CEO and Newmont acquired Battle Mountain Gold for nearly $600 million. By 2002 Newmont had also obtained Australia’s top gold producer, Normandy Mining Limited, Canadian gold miner France-Nevada Mining Corp, and discovered a gold mine in Ghana with some 16 million equity ounces of gold. In 2006, Newmont acquired Newcrest Mining’s 22.2% interest in Boddington Project in Western Australia. In the same year Newmont Mining’s Indonesian subsidiary, Newmont Minhasa Raya, signed a scientific monitoring agreement with the Government of the Republic of Indonesia in efforts to resolve a long-standing controversy regarding pollution in the Buyat …show more content…

The United Kingdom represents Newmont’s largest geographical market, accounting for 76.6% of the total revenues in the fiscal year (FY) of 2013. This represents a decrease of 19.8% compared to FY2012. Japan displayed a decrease in total revenue by 15.4%, as did Mexico with a decrease of 27.1%. Figures 3, and 5 on page 10 display the change in market sizes for both 2013 and 2014, it should be noted that there is minimal to no change in the ratios. It is important to recognize that Indonesia, Philippines, Germany and Korea all were responsible for an increase of total revenue in respect to their geographically location. Customer Mix Newmont Mining Corp products appeal to the copper, zinc and lead refining industry. The copper, zinc and lead refining industry than refines the gold into bullion products. Bullion products are gold pre that is converted to gold bars. When the gold is refined, the product then goes to jewelry manufacturing. Jewelry manufacturing then produces decorative pieces out of gold and silver such as necklaces, rings, earrings etc. Investment markets and firms also have an interest in gold. These companies use gold as a commodity of trade. As a result customers buy the gold produced by Newmont Mining

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