sector: Basic Materials ·
industry: Precious Metals & Minerals ·
As of
9:23am IST
36.78AUD
Newcrest Mining Limited (Newcrest) is engaged in the exploration, development, mining and the sale of gold and gold/copper concentrate. The Company’s operations comprise a portfolio of seven mines, five mines in Australia, one in Indonesia and one in Papua New Guinea. Newcrest operates in one business segment being the gold mining industry and derives its revenue from the sale of gold and gold/copper concentrate. The Company's activities include six operating mines: Cadia Valley Operations, comprising Cadia Hill and Ridgeway (near Orange, NSW), Telfer Open Pit and Telfer Underground (Pilbara Region, Western Australia), Cracow (Gladstone Region Central Queensland) and Kencana (Indonesia). The Company’s projects include Cadia East, Ridgeway Deeps, Gosowong Extension Project and Hidden Valley. The Company’s operating businesses are organized and managed separately according to their location. Cadia Valley Operations, Telfer and Cracow are located in Australia.
BRIEF: For the fiscal year ended 30 June 2009, Newcrest Mining Limited's revenues increased 7% to A$2.53B. Net income increased 85% to A$248.1M. Revenues reflect an increase in income from sale of gold. Net income also reflects absence of losses on delivered hedges, lower finance costs, a decrease in other close out related costs, a rise in foreign exchange gain on US dollar borrowings and improved gross & operating margins.
Newcrest Mining Limited
Level 9
600 St. Kilda Road
Melbourne VIC 3004
P: +613.95225333
F: +613.95252996