Newcrest boss takes $1m paycut

Miner says executive remuneration was lower in fiscal 2013 than previous years.

Newcrest Mining's (NCM) boss has received a million dollar pay cut after the group slumped to a full-year loss amid a review of its disclosure practices.

In a statement to the Australian Securities Exchange, Newcrest said chief executive officer Greg Robinson's total remuneration was $2.7 million in fiscal 2013, down from $3.7 million in the prior year.

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