Topic > Newmont Mining's Rich Gold History - 1957

Newmont Mining is one of the world's largest gold producers, with a significant international presence. Newmont has a rich history, dating back to its founding in 1921, and has been publicly traded since 1925. In its early years Newmont grew rapidly through acquisitions and diversification, including several joint ventures with established companies. It now operates in eight countries on five continents: North America, South America, Asia, Australia and Africa (Newmont, 2011). These operations span a wide variety of governments, populations and cultures. In the ever-changing global business landscape, Newmont has faced, and will continue to face, many challenges related to global operations, including political, environmental, social and legal issues. To help identify and plan for future challenges, Newmont Mining conducted a SWOT analysis study in 2008. A SWOT analysis is an internal analysis performed to determine the company's strengths, weaknesses, opportunities, and threats ( Pearce & Robinson, 2011). The threats identified in the SWOT are: an increase in energy prices; extensive environmental regulations; weak outlook for Europe and Australia's metals and mining industries; and possible reduction in interest in the Batu Hijau mine in Indonesia. An important international problem faced by Newmont is that of growth. Even the best mines will not be able to produce indefinitely and to keep the company going it is necessary to develop new sites. One way Newmont grows its business and acquires new sites to mine is through acquisitions. An acquisition is the partial or outright purchase of another existing business (Ahlstrom & Bruton, 2010). For example, Newmont acquired Miramar Mining C...... based in Vancouver, British Columbia, in the Boddington interest. Engineering & Mining Journal (00958948), 207(2), 18. Retrieved from EBSCOhost.Griffin, G. (January 28, 2005). Newmont Mining joins 'zero tolerance' movement against corporate bribery. Denver Post, The (CO), Retrieved from EBSCOhost.McGhee, T. (June 12, 2002). Newmont mining will likely settle Peruvian villagers' lawsuit, experts say. Denver Post, The (CO), Retrieved from EBSCOhost.Newmont Mining. (2011). Newmont Mining: Global Presence. Retrieved from http://www.newmont.com/our-operativesO'Shaughnessy, H. (December 2006). Corporate Social Responsibility: Mining: Locals dig on mineral rights. Foreign direct investment, 1. Retrieved from ABI/INFORM Global. (Document ID: 1186598581).Pearce II, J. A., & Robinson, R. B. (2011). Strategic management: formulation, implementation and control. (12th ed.). New York: McGraw-Hill/Irwin.