Business Report

Executive Summary

Newcrest Mining Limited has become one of the largest mining company in the world. It is listed in the Australian Stock Exchange and Port Moresby Stock Exchange. Its main business is mining for gold and copper. Currently it has mining areas in Orange, New South Wales, Lihir in Papua New Guinea, Bonikro in West Africa and also Gosowong, Indonesia. They export their production to Eastern Asia. They have plan to expand to Fiji. For the year 2015, NCM has accumulated better profit than the previous year. Currently there are 10 Board of Directors (BOD) with different background to helm the company. They own more than 50% of the Newcrest’s outstanding share and they are categorized as major shareholder. They can influence and make decisions with regards to its operation and strategic planning of the company. At the point of report, they have managed the company well in term of profitability, asset management and also liabilities management. It has a better economic showdown in its future outlook.

1. Introduction

Newcrest Mining Limited (2016) stated as among world's largest gold mining company. The company is listed in Australian Stock Exchange and Port Moresby Stock Exchange. It’s headquarter located in Melbourne, Australia. Newcrest's main mission is to return superior profit gains from its activities of extracting, operating and processing gold and copper. It lounges for Miner of Choice award. It has accumulated gold reserves that is equivalent to a quarter of century production. Right now, Newcrest has six production province that cover in four countries such as Australia, Papua New Guinea (PNG), Indonesia and also as far as West Africa. The Cadia Valley Operations (CVO) which is located near Orange, New South Wales is the largest place for gold mining. At CVO, gold bars are produced and exported to Eastern Asia (Newcrest Mining Limited 2016, p. 12-13). Apart from CVO, places like Lihir in PNG and Bonikro in West Africa also...