ASX: NCM
POMSoX: NCM
Headquarters:
Australia
Sector:
Precious Metals
Government Ownership:
No State Ownership
Pre-tax Revenues (in BUSD):
3.295 (30/06/2016)
Number of employees:
6,731 (30/06/2016)
Number of workers
(employees + contract workers):
12,144 (30/06/2016)
Company-reported mining worker fatalities:
  • 2015 |
    Employees: 2Contractors: 1
  • 2016 |
    Workers: 0
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

Newcrest Mining is one of the five strongest performing companies for Lifecycle Management issues, largely due to the company having developed a systematic approach to applying socio-economic and environmental criteria during investment decision-making processes.

Overall, Newcrest Mining’s strongest results relate to the formal commitments it has made on a range of issues: business ethics, anti-bribery and corruption, transparency of mineral revenues, human rights, and occupational health and safety. The company also shows evidence of tracking its performance on providing safe and healthy working conditions.

Conversely, Newcrest Mining’s overall results are limited by a lack of evidence on Economic Development issues. For example, no evidence was found of the company developing procurement opportunities for producing country suppliers beyond those around its mining operations. There was also no evidence of Newcrest Mining having systems to support in-country capacity building for R&D related to EESG issues in mining.

Economic Development

0.037 / 1.000

Business Conduct

0.486 / 1.000

Lifecycle Management

0.352 / 1.000

Community Wellbeing

0.196 / 1.000

Working Conditions

0.556 / 1.000

Environmental Responsibility

0.229 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Bonikro1210100.83
Gosowong1200100.67
Lihir1210100.83

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
BonikroCôte d'Ivoire89.89Gold, SilverOpen-pit
Cadia Valley OperationsCVO, Cadia East, Ridgeway, Cadia HillAustralia100Gold, CopperOpen-pit, Underground
GosowongToguraci, KencanaIndonesia75Gold, SilverOpen-pit, Underground
LihirPapua New Guinea100Gold, SilverOpen-pit
TelferMain Dome, West DomeAustralia100Gold, CopperOpen-pit, Underground

Assets sold during the assessment period

Mine Site NameAliasesCountryProductsMining types
Hidden ValleyPapua New GuineaGold, SilverOpen-pit

Main Shareholders

As of: 09/02/2018Shares (%)
BlackRock Investment Management (UK) Ltd.7.52
Allan Gray Australia Pty. Ltd.6.74
First Eagle Investment Management, L.L.C.6.14
Van Eck Associates Corporation3.86
BlackRock Institutional Trust Company, N.A.2.82
The Vanguard Group, Inc.2.37
Colonial First State GAM Global Resources1.82
Fidelity Management & Research Company1.71
Vanguard Investments Australia Ltd.1.49
J O Hambro Capital Management Limited1.47
Orbis Investment Management Ltd.1.29
BlackRock Advisors (UK) Limited1.21
APG Asset Management1.14
First State Investments (HK) Ltd.1.1
Capital International Investors1.1

Known Subsidiaries

As of: 30/06/2017Country
Cadia Holdings Pty LimitedAustralia
Contango Agricultural Company Pty Ltd Australia
LGL Exploration CI SA Côte d'Ivoire
LGL Mines CI SA Côte d'Ivoire
LGL Resources CI SA Côte d'Ivoire
Lihir Gold Limited Papua New Guinea
Newcrest Dougbafla CI SACôte d'Ivoire
Newcrest Exploration (Fiji) Pte Limited Fiji
Newcrest Exploration Holdings Pty Ltd Australia
Newcrest (Fiji) Pte Limited Fiji
Newcrest Finance Pty Limited Australia
Newcrest Hire CI SA Côte d'Ivoire
Newcrest Holdings (Investments) Pty LimitedAustralia
Newcrest Insurance Pte Ltd Singapore
Newcrest International Pty Ltd Australia

Known Tax Jurisdictions

AustraliaCôte d'IvoireFijiIndonesiaPapua New GuineaSingapore
USA

Recent involvements in Investor/State investment disputes (since 2014)

No case

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.