Geography of Operations
Newcrest’s mining operations are located around Australia, Indonesia, Côte d'Ivoire, and Papua New Guinea. The Telfer Mine is a large open cut and underground mine in Western Australia. The mine has the potential to become the largest gold mine in Australia, with expected average production of 800,000 ounces (25,000 kg) of gold per year. Ridgeway is a large underground mine being developed by Newcrest. In its first full year of operation and metal production of 377,539 ounces (11,742.8 kg) of gold was in line with plan. Development of the Cadia Hill mine in New South Wales began in 1996 and production began in 1998. It produces 298,848 ounces (9,295.2 kg) of gold per year. At Cracow, Queensland, mining is expected to begin in December 2004, producing 95,714 ounces (2,977.0 kg) of gold per year.
Gosowong, Indonesia, is an open pit mine opened in 1999. It is 82.5% owned by Newcrest, and the rest is owned by joint venture partner Pt Nusa Halmahera Minerals. The mine has produced 772,018 ounces (24,012.4 kg) of gold and 812,815 ounces (25,281.4 kg) of silver over the first five years of production.
Hidden Valley is an open-pit, gold-silver mine and processing plant in Morobe Province, Papua New Guinea. The mine is approximately 210 km north-north-west of Port Moresby, and 90 km south-southwest of Lae. It is operated by Morobe Mining Joint Ventures, a 50:50 joint venture between Harmony and Newcrest Mining.
Newcrest’s headquarters are located in Melbourne, Australia since having been integrated with Sydney in 1995. Other offices are based at major mine sites to help communication between miners and the head office.
A majority of Newcrest’s copper-gold concentrate is sold under long-term contract to smelters in Japan. Feed for the Saganoseki Smelter and Refinery is transported to Japan's southernmost island, Kyushu, and the concentrate is turned into 99.99% pure gold bullion which is sold to Asia’s metal market. However, Newcrest also operates in the sale of concentrate to merchants who deliver the material to various regional smelters under their own contracts.
In December 2010, Newcrest announced that work at the Bonikro mine had been suspended due to the controversial election in Côte d'Ivoire.
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