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Business Description: Newcrest Mining Limited (NCM) is gold producer with its main operations in Australia, Indonesia, Papua New Guinea and Fiji. Newcrest's asset portfolio includes eight operating mines and several prospective brown and greenfield exploration projects.
Strategy Analysis: NCM's vision is to be the miner of choice for all stakeholders. Company strategy is to deliver competitive shareholder returns by: 1) Optimising performance at each phase of the mining value chain for gold - exploration, development and operation of low cost, long life gold and gold-copper mines. 2) Building a portfolio of gold opportunities, primarily through exploration and early entry merger and acquisitions prospects in known gold regions, to convert into operating mines. 3) Harnessing technical expertise across a wide range of mining and processing methods.
Newcrest Mining reported NPAT up 63% to $908m for the year ended 30 June 2011. Revenues from ordinary activities were $4.10bn, up 46% from last year. Strong production results from the Company's existing operations and the inclusion of the former LGL assets for the ten months from September 2010 to June 2011 have combined to deliver Newcrest a record full year production and financial results. Diluted EPS was 126.2 cents compared to 114.9 cents last year. Net operating cash flow was $1.73bn compared to $1.30bn last year. The final dividend declared was 20 cents, taking the full year dividend to 50 cents compared with 25 cents last year.
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The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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