Newcrest pay dealt another blow

Allan Gray votes against exec remuneration report, miner facing first strike.

Newcrest Mining's (NCM) pay practices have been dealt another blow ahead of its annual general meeting on Thursday, with fund manager Allan Gray confirming it has voted its proxies against the gold miner's remuneration report, The Australian Financial Review reports.

According to the newspaper, the fund manager has acquired a 2.5% stake in the miner since June.

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