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Home > Fortune 500 Companies > Newmont Mining
Newmont Mining
Newmont Mining is a fortune 500 stock listed company under the symbol NEM with a good stock performance result.
NEM was founded in 1921 in New York by Colonel William Boyce Thompson as a holding company to invest in worldwide mineral, oil, and relations companies. The name Newmont was chosen by Thompson as a contraction of New York, and Montana. In 1929, Newmont became a mining company with its first gold production by acquiring California's Empire Star Mine.
Newmont is primarily a gold producer with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, Uzbekistan, Bolivia, New Zealand and Mexico. As of December 31, 2005, Newmont had proven and probable gold reserves of 93.2 million equity ounces and an aggregate land position of approximately 50,600 square miles. The Company is also engaged in the production of copper, principally through its Batu Hijau operation in Indonesia. Its operations are in Nevada, Peru, Indonesia and Australia and New Zealand and have two development projects in Ghana. The Company also has a Merchant Banking Segment and an Exploration Segment.
The company enables to explore and acquire gold properties in the world's best gold districts. Newmont is also the only S & P 500 listed stock, espouses a no gold hedging philosophy. The company is also committed to high standards and leadership in the areas of environmental management, health and safety for its employees and neighboring communities.
The Company seeks in creating value with every ounce in part, by using a systematic process to fit the right person, in the right job, at the right time, in the right way. They attract A plus employee by offering the best mix of opportunity and career satisfaction.
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