Newmont Mining Company Case Study

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Background of Newmont Mining Corporation
Newmont Mining Corporation was founded in 1916 by Colonel William Boyce Thompson. They are one of the world’s largest gold producers and become a listed company in New York Stock Exchange (NYSC) since 1940. Their business locates in US, Australia, Indonesia, Ghana, Canada, Peru, New Zealand and Mexico. Newmont Mining Corporation has approximately 35,000 employees and contractors worldwide. They are the only gold mining company included in S&P 500 Index and Fortune 500.
The Yanacocha Gold Mine
Yonacocha gold mine is located in northern Peru, South Africa. Yanacocha was South Africa largest gold mines and was one of the most productive gold mines in the world which producing average 1 million ounces
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As an investor, we should be concern about the Risk Management and Disaster Recovery Plan in the company we invested in. We accept the fact that there will be always risks, however, we need to know how the company work to reduce these risks and when disaster happens, to ensure the continuation of vital business processes in the event that a disaster occurs. This plan will provide an effective solution that can be used to recover all vital business processes within the required time …show more content…
The social responsibility is important to the companies which operate in economically, socially and environmentally because it helps them succeed through shared value and social license where management and mitigation of social and environmental risk factors are important for abroad business abroad. This is because it helps the company to obtain social license. Some companies treat social responsibility of business as profit maximization for shareholders and providing working places for workers. As a guidance to company, handbook has provided by country government to those companies who plan to operate in developing countries, non-government organisations (NGOs); and communities. The handbook provides broad policy guidance and details about the process of mining and mineral operations. This includes the construction, operations, exploration, and closure. The handbook also guide the company to obtain the social license to operate and the way to maintain the license. This is to benefit the shareholders and external stakeholders and host

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