Mining
In October 1985, he left the accounting profession and formed Normandy Mining Limited. He remained its Executive Chairman through its 17 years of activity. In 1988, Champion de Crespigny and his family moved to Adelaide, South Australia when it took control of Poseidon Limited. Normandy was taken over by Newmont Mining in 2002 but he and his family remained in Adelaide.
In September 2001, at the start of the AngloGold - Newmont takeover war for Normandy, he warned that Australia could lose control of more gold assets because of a lack of support from local institutional investors. He argued for the support of Western Mining, should his own company fall to foreign investment.
Read more about this topic: Robert Champion De Crespigny
Famous quotes containing the word mining:
“Any relation to the land, the habit of tilling it, or mining it, or even hunting on it, generates the feeling of patriotism. He who keeps shop on it, or he who merely uses it as a support to his desk and ledger, or to his manufactory, values it less.”
—Ralph Waldo Emerson (1803–1882)
“It’s a mining town in lotus land.”
—F. Scott Fitzgerald (1896–1940)
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)