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Newcrest Mining has interests in the metals and mining industry and is Australia’s biggest independent gold producer with large reserves of gold.
Newcrest Mining has their major mines stationed all around the world and include Cadia, Telfer, Gosowong, Cracow & Harmony. Whilst Newcrest Mining does not own 100% of these mines they are the largest partner in most of them.
Three of their minds are located in Australia including Cadia which is located near Orange in New South Wales, Telfer which is located around Port Hedland in Western Australia & Cracow which is located in Queensland. Gosowong is located on an island just off Indonesia and has significant resources of gold. Harmony is a joint-venture project including both copper and gold and is located in a Morobe province of Papua New Guinea.
Newcrest Mining has seen their share price rise rapidly from the year 2002 up until 2008 off the back of the dramatic rise in the gold price. More recently, the year 2008 saw quite a lot of profit-taking as the share price went from a high of just over $40 to under $20. 2009 has seen the share price of Newcrest Mining consolidate during a period of market uncertainty.