When mine promoter and financier Colonel William Boyce Thompson decided to create the Newmont Company in 1916 to handle his larger private acquisitions – spanning oil and gas, mining and even hats – he named the company based on the wealth he created in New York and his love for his home state of Montana. The company has also dabbled in oil, and mined coal, copper, lead and zinc.
Over the next 30 years, Newmont entered a period of steady growth by acquisition and diversification, often through joint ventures with other well-established companies. As a result, we became one of the largest copper producers and ushered in a new era of gold production.
Today, our vision is to become the most valued and respected mining company through industry leading performance. Our staff of around 29,000 employees and contractors works on five continents – North America, South America, Asia, Australia and Africa.
With promising exploration projects in Peru and Ghana, and the startup of Australia’s largest gold producer at Boddington, Newmont is poised to take our company to the next level.
In Indonesia, we successfully operated a gold mine at Minahasa in the 1990s and closed it in 2003. In early 2000, we then began operation of another world-class project – a copper and gold mine at Batu Hijau.