 Ian Smith, CEO of Newcrest Mining Limited
Newcrest's stated strategy of developing large, long life mines or smaller high margin mines, which are low on the cost curve, has shaped the operating mine portfolio. Newcrest currently has five operating mines – four located in Australia and one in Indonesia.
All mines are based on the conversion of exploration successes into efficient and cost effective mines. The company has a demonstrated track record of developing and commissioning high quality large scale mines (Cadia Hill, Ridgeway & Telfer) and small scale gold mines to capitalise on high grade deposits (Gosowong, Toguraci & Cracow).
A re-affirmation of the strategy's success is highlighted by its cash costs which rank in the lowest quartile among global gold producers. |
Toro Energy was formed through the amalgamation of the uranium interests of Oxiana Limited and Minotaur Exploration Limited in South Australia. In October last year, Toro acquired Nova Energy Limited which has further strengthened Toro Energy's capacity to responsibly evaluate and develop uranium deposits in Australia.
