Newmont Mining's Rich History in Gold

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Newmont Mining is one of the largest producers of gold in the world, with a significant international presence. Newmont has a rich history, dating to its founding in 1921, and has been publicly traded since 1925. In its early years Newmont rapidly grew through acquisition and diversification, including several joint ventures with well-established companies. It now operates in eight countries on five continents: North America, South America, Asia, Australia, and Africa (Newmont, 2011). These operations encompass a wide variety of governments, populations, and cultures. In the ever-changing global business landscape, Newmont has faced, and will continue to face, many challenges related to global operations including political, environmental, social, and legal issues. To help identify and plan for future challenges, Newmont Mining conducted a SWOT analysis in 2008. A SWOT analysis is an internal analysis performed to determine the company’s strengths, weaknesses, opportunities, and threats (Pearce & Robinson, 2011). The threats identified in the SWOT are: an increase in energy prices; extensive environmental regulations; weak outlook for Europe and Australian metal and mining industry; and possible reduction in the interest in the Batu Hijau Mine in Indonesia. One significant international issue faced by Newmont is that of growth. Even the best of mines will not produce indefinitely, and new sites must be developed to keep the company going. One way Newmont grows its business and acquires new sites to mine is through acquisitions. An acquisition is the partial or outright purchasing of another existing business (Ahlstrom & Bruton, 2010). For example, Newmont acquired Vancouver, British Columbia-based Miramar Mining C... ... middle of paper ... ...st's Boddington interest. Engineering & Mining Journal (00958948), 207(2), 18. Retrieved from EBSCOhost. Griffin, G. (January 28, 2005). Newmont mining joins 'zero tolerance' movement against corporate bribes. Denver Post, The (CO), Retrieved from EBSCOhost. McGhee, T. (June 12, 2002). Newmont mining likely to settle Peruvian villagers' suit, experts say. Denver Post, The (CO), Retrieved from EBSCOhost. Newmont Mining. (2011). Newmont mining: Global presence. Retrieved from http://www.newmont.com/our-operations O'Shaughnessy, H. (December 2006). Corporate social responsibility: mining - locals dig in over mineral rights. Foreign Direct Investment, 1. Retrieved from ABI/INFORM Global. (Document ID: 1186598581). Pearce II, J. A., & Robinson, R. B. (2011). Strategic management: Formulation, implementation, and control. (12th ed.). New York: McGraw-Hill/Irwin.

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