DOCSLIB.ORG

2019 Annual Report FORGING a STRONGER NEWCREST

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report FORGING a STRONGER NEWCREST 2019 Annual Report FORGING A STRONGER NEWCREST The success of FY19 reflects the enormous amount of effort applied by our people towards delivering on our commitments and our potential. SANDEEP BISWAS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER To be the Miner of Choice. To be the Miner of Choice for VISION our people, shareholders, host OUR communities, partners and suppliers. To safely deliver superior returns to our stakeholders from finding, developing and MISSION operating gold/copper mines. OUR NEWCREST 2019 ANNUAL REPORT 1 CONTENTS FORGING A STRONGER NEWCREST Forging a stronger Newcrest 2 Asset overview 4 Key Achievements for FY19 6 Safety & Sustainability 12 People 13 Releasing orebody potential 14 NEWCREST’S VALUE PROPOSITION Long reserve life 16 Delivering on commitments 16 Low cost production 16 Organic growth options 17 Financially robust 18 Exploration & technical capability 19 OUR COMPANY Chairman’s Report 8 Managing Director’s Review 10 The Board 20 Mineral Resources & Ore Reserves 24 Corporate Governance Statement 32 Directors’ Report 34 Financial Report 89 Corporate Directory 149 Coarse ore stockpile at Cadia, New South Wales, Australia FORGING A STRONGER NEWCREST The health and safety of our people 2 Forging a stronger is of primary importance at Newcrest. Newcrest Our clear focus remains on eliminating To achieve Newcrest’s full potential FORGING A STRONGER FORGING A STRONGER NEWCREST fatalities and life-changing injuries from for our stakeholders, our company our business, while striving to make strategy focuses on five key pillars, continual progress on reducing all injuries each with associated aspirations. and health impacts. We believe that a strong and enduring commitment to the health and safety of our workforce best reflects our values and underpins and sustains optimal business performance. Safety & People Operating Technology Profitable sustainability performance & innovation growth FIVE PILLARS OUR ZERO FATALITIES FIRST QUARTILE FIRST QUARTILE 5 BREAKTHROUGH EXPOSURE TO AND INDUSTRY- ORGANISATIONAL GROUP AISC PER SUCCESSES BY FIVE TIER ONE LEADING TRIFR BY HEALTH BY END OUNCE BY END END OF CY20 OREBODIES BY END OF CY20 OF CY20 OF CY20 END OF CY20 (OPERATIONS, DEVELOPMENT PROJECTS, ASPIRATIONS OR EQUITY INVESTMENTS) OUR Being agile, bold and having EDGE an owner’s mindset OUR NEWCREST 2019 ANNUAL REPORT Three key external 3 stakeholders are: To achieve our Mission of Newcrest’s mining and We believe Newcrest’s activities safely delivering superior exploration activities have positively contribute to the STAKEHOLDERS returns to our stakeholders significant potential to economy of the jurisdictions from finding, developing and impact the communities where we operate through operating gold/copper mines, where we operate. tax, royalties and other we strive to: socio-economic benefits at GOVERNMENT COMMUNITIES A planned, transparent and SHAREHOLDERS constructive approach to community the community level. – Safely realise the full potential engagement and development is Newcrest recognises the importance of our existing assets critical to maintaining Newcrest’s to our long-term success of – Apply our technical expertise social licence to operate and to developing meaningful relationships to unlock value in orebodies ensure that communities benefit with all levels of government. We we own or can acquire from Newcrest’s operations. We are strive to proactively engage with also conscious of the need to balance – Leverage our exploration and governments in the jurisdictions community expectations against technical expertise to find, or where we operate to understand their a project’s ability to deliver returns gain access by early-stage entry views about, and expectations of, throughout the life of the mine. to new gold/copper orebodies our activities. Our engagement can In the longer term, we also need – Maintain capital discipline cover a wide range of areas including to ensure that we do not create economic, environmental and when deploying all growth undue community dependence and exploration opportunities social responsibility. To strengthen upon our mining operations that is community services and support to ensure financial strength unsustainable once the operations throughout the capital cycle capacity building, Newcrest also reach the end of their lives. works through a range of partners, – Provide shareholder value Newcrest’s presence provides many including local governments. through dividend returns in line direct and indirect benefits to the with our dividend policy Newcrest strives to act with integrity countries and communities in which and honesty when conducting we operate. These benefits can business, in a manner that promotes potentially include: transparency in business dealings. – Improved access to employment, Newcrest is a Supporting Member health, education and training of the Extractive Industries opportunities Transparency Initiative (EITI), which – Investment in community is a global coalition of governments, infrastructure and services, companies and civil society working including road access and together to improve openness and maintenance, electricity and accountable management of revenues clean water supply from natural resources. As part of this commitment, Newcrest publishes – Income-generating activities, its Annual Tax Contribution Report, including local business which sets out mining royalties and development, goods and services taxes paid across all our operating supply and support for local jurisdictions. agricultural businesses We also actively engage both directly – Improved community lifestyle, and indirectly, through industry including religious and sporting groups, with government and other facilities and sponsorship of both stakeholders on policy and regulatory local and regional events and reform. Proper consultation is activities critical to any reform process and Newcrest seeks to participate and contribute on relevant issues to assist with informed discussion and consideration. FORGING A STRONGER NEWCREST 4 Asset overview ASSET OVERVIEW ASSET 4 Gosowong 3 Lihir Indonesia 6 Wafi-Golpu Antam Alliance 2 Telfer Australia Papua New Guinea Second Junction Reefs project (JV) Wamum project (100%) Encounter Alliance & JVs Tatau / Big Tabar Island (O & FI) Prodigy Gold NL – (FI) Isa North (100%) Cloncurry (O & FI) 1 Cadia Côte d’Ivoire Bulimba (100%) Barrick JV (50% JV) Greatland Gold – (FI) Australia Papua New Guinea Indonesia 1 CADIA 3 LIHIR 4 GOSOWONG Location: 25 kilometres from Orange, Location: Niolam Island, New Ireland Location: Halmahera Island, New South Wales Province, 900 kilometres north-east North Maluku Province FY19 Production: 913koz of gold, of Port Moresby FY19 Production: 190koz of gold 91kt of copper FY19 Production: 933koz of gold Mining Method: Underground Mining Method: Underground Mining Method: Open pit Reserves and Resources*: Reserves and Resources*: Reserves and Resources*: Ore Reserve: 0.37moz gold Ore Reserve: 22moz gold & 4.3mt copper Ore Reserve: 24moz gold Mineral Resource: 1.1moz gold Mineral Resource: 38moz gold & Mineral Resource: 50moz gold Ownership: Gosowong is owned and 8.3mt copper Ownership: 100% Newcrest operated by PT Nusa Halmahera Minerals Ownership: 100% Newcrest (Newcrest 75%). The figures represent 100% of Mineral Resource and 2 TELFER Ore Reserve. Location: Pilbara, Western Australia FY19 Production: 452koz of gold, 15kt of copper Canada Mining Method: Open pit and underground 5 RED CHRIS Reserves and Resources*: Location: British Columbia, approximately Ore Reserve: 2.0moz gold & 0.20mt copper 1,000 kilometres north of Vancouver Mineral Resource: 6.4moz gold & Mining Method: Open Pit 0.59mt copper Ownership: 70% Newcrest, 30% Imperial Ownership: 100% Newcrest Metals Limited. Transaction completed 15 August 2019. * Mineral Resources and Ore Reserves are as at 31 December 2018. See pages 28 to 31 of this Annual Report. NEWCREST 2019 ANNUAL REPORT Exploration Key FI = Farm-in JV = Joint Venture 100% = 100% Newcrest tenement EI = Equity investment in company O = Option Leveraging our 5 exploration experience One of our aspirations is to grow our 5 Red Chris asset base, ideally “through the drill bit” EXPLORATION by focussing on brownfield and greenfield exploration opportunities globally. United States OVERVIEW ASSET Jarbidge (O) Rattlesnake Hills (O & FI) We are also pursuing alliances and joint venture arrangements with junior explorers and other mining companies who have access to prospective land. Our experienced exploration teams will partner with these companies to maximise Mexico potential exploration results. Newcrest has experience in all Azucar Minerals (EI) forms of mining and processing which gives confidence to our partners that Newcrest will be able to responsibly develop any Ecuador SolGold (EI) viable deposits discovered. Lundin Gold (EI) At the end of the 2019 financial year, Newcrest had 20 of Lundin Gold (JV) these agreements of various forms with junior explorers and Caña Brava porphyry/ other mining companies in place. epithermal project (O & FI) Porphyry targets (100%) Our exploration activity is currently concentrated in four broad regions: Australia, North America, Central America and South America. Chile Altazor (O & FI) Vicuña (O & FI) Argentina Mioceno (O & FI) Cerro Lindo Gorbea (O & FI) epithermal/ porphyry project (O & FI) Advanced Projects 6 WAFI-GOLPU Location: Morobe Province, 65 kilometres south-west of Lae, Papua New Guinea (PNG) Potential: Golpu: Underground copper-gold mine;
Load more

Recommended publications
  • Socially Conscious Australian Equity Holdings
    Socially Conscious Australian Equity Holdings As at 30 June 2021 Country of Company domicile Weight COMMONWEALTH BANK OF AUSTRALIA AUSTRALIA 10.56% CSL LTD AUSTRALIA 8.46% AUST AND NZ BANKING GROUP AUSTRALIA 5.68% NATIONAL AUSTRALIA BANK LTD AUSTRALIA 5.32% WESTPAC BANKING CORP AUSTRALIA 5.08% TELSTRA CORP LTD AUSTRALIA 3.31% WOOLWORTHS GROUP LTD AUSTRALIA 2.93% FORTESCUE METALS GROUP LTD AUSTRALIA 2.80% TRANSURBAN GROUP AUSTRALIA 2.55% GOODMAN GROUP AUSTRALIA 2.34% WESFARMERS LTD AUSTRALIA 2.29% BRAMBLES LTD AUSTRALIA 1.85% COLES GROUP LTD AUSTRALIA 1.80% SUNCORP GROUP LTD AUSTRALIA 1.62% MACQUARIE GROUP LTD AUSTRALIA 1.54% JAMES HARDIE INDUSTRIES IRELAND 1.51% NEWCREST MINING LTD AUSTRALIA 1.45% SONIC HEALTHCARE LTD AUSTRALIA 1.44% MIRVAC GROUP AUSTRALIA 1.43% MAGELLAN FINANCIAL GROUP LTD AUSTRALIA 1.13% STOCKLAND AUSTRALIA 1.11% DEXUS AUSTRALIA 1.11% COMPUTERSHARE LTD AUSTRALIA 1.09% AMCOR PLC AUSTRALIA 1.02% ILUKA RESOURCES LTD AUSTRALIA 1.01% XERO LTD NEW ZEALAND 0.97% WISETECH GLOBAL LTD AUSTRALIA 0.92% SEEK LTD AUSTRALIA 0.88% SYDNEY AIRPORT AUSTRALIA 0.83% NINE ENTERTAINMENT CO HOLDINGS LIMITED AUSTRALIA 0.82% EAGERS AUTOMOTIVE LTD AUSTRALIA 0.82% RELIANCE WORLDWIDE CORP LTD UNITED STATES 0.80% SANDFIRE RESOURCES LTD AUSTRALIA 0.79% AFTERPAY LTD AUSTRALIA 0.79% CHARTER HALL GROUP AUSTRALIA 0.79% SCENTRE GROUP AUSTRALIA 0.79% ORORA LTD AUSTRALIA 0.75% ANSELL LTD AUSTRALIA 0.75% OZ MINERALS LTD AUSTRALIA 0.74% IGO LTD AUSTRALIA 0.71% GPT GROUP AUSTRALIA 0.69% Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) the trustee of Aware Super (ABN 53 226 460 365).
    [Show full text]
  • 17 Newcrest Sustainability Report
    2017 SUSTAINABILITY REPORT ‘SAFETY IS SOMETHING WE CAN NEVER BE COMPLACENT ABOUT AND OUR FOCUS WILL NOT WANE OVER THE COMING YEAR.’ SANDEEP BISWAS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MESSAGE FROM THE CHIEF CONTENTS 2 EXECUTIVE OFFICER WHO 4 WE ARE ABOUT THIS 28 REPORT 32 OUR Our People 32 PEOPLE ECONOMIC 50 PERFORMANCE SOCIAL 58 PERFORMANCE 50 ENVIRONMENTAL Economic 74 STEWARDSHIP Performance DATA 86 TABLES ASSURANCE 102 STATEMENT CORPORATE 105 DIRECTORY 58 Social Performance 74 Environmental Stewardship ON THE COVER Local indigenous Newcrest-MacMahon’s alliance employees, Jackson Ware and Florence Alfred, at Telfer operation in Western Australia. MESSAGE FROM THE CHIEF EXECUTIVE OFFICER ur commitment to achieving our vision is evident in the genuine Newcrest’s vision is to be the progress our people have achieved over the last three years; through improving safety and addressing major hazards, Miner of Choice. in implementing Edge, improving operational performance, Oand populating our growth pipeline. We have made significant headway on aligning our workforce with our priorities and in engaging We aim to achieve our vision with our stakeholders. by applying sustainable During the year, Newcrest applied for and successfully attained membership with the International Council on Mining and Metals practices across all aspects (ICMM). The ICMM brings together the world’s leading mining and metals companies and associations to address core sustainable development of our business. opportunities and challenges faced by the industry. Our admission is testament to the strong sustainability foundation we have built. Our progress in our safety performance is testament to our people and their firm commitment to safety for themselves, their families and their colleagues.
    [Show full text]
  • Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021
    Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021 ASX listed securities ASX Code Security Name LVR ASX Code Security Name LVR A2M The a2 Milk Company Limited 50% CIN Carlton Investments Limited 60% ABC Adelaide Brighton Limited 60% CIP Centuria Industrial REIT 50% ABP Abacus Property Group 60% CKF Collins Foods Limited 50% ADI APN Industria REIT 40% CL1 Class Limited 45% AEF Australian Ethical Investment Limited 40% CLW Charter Hall Long Wale Reit 60% AFG Australian Finance Group Limited 40% CMW Cromwell Group 60% AFI Australian Foundation Investment Co. Ltd 75% CNI Centuria Capital Group 50% AGG AngloGold Ashanti Limited 50% CNU Chorus Limited 60% AGL AGL Energy Limited 75% COF Centuria Office REIT 50% AIA Auckland International Airport Limited 60% COH Cochlear Limited 65% ALD Ampol Limited 70% COL Coles Group Limited 75% ALI Argo Global Listed Infrastructure Limited 60% CPU Computershare Limited 70% ALL Aristocrat Leisure Limited 60% CQE Charter Hall Education Trust 50% ALQ Als Limited 65% CQR Charter Hall Retail Reit 60% ALU Altium Limited 50% CSL CSL Limited 75% ALX Atlas Arteria 60% CSR CSR Limited 60% AMC Amcor Limited 75% CTD Corporate Travel Management Limited ** 40% AMH Amcil Limited 50% CUV Clinuvel Pharmaceuticals Limited 40% AMI Aurelia Metals Limited 35% CWN Crown Limited 60% AMP AMP Limited 60% CWNHB Crown Resorts Ltd Subordinated Notes II 60% AMPPA AMP Limited Cap Note Deferred Settlement 60% CWP Cedar Woods Properties Limited 45% AMPPB AMP Limited Capital Notes 2 60% CWY Cleanaway Waste
    [Show full text]
  • Steel Intouch WA #8:Layout 1 1/6/07 10:53 AM Page 2 Steelintouch
    Steel InTouch WA #8:Layout 1 1/6/07 10:53 AM Page 2 steelintouch News for Western Australian Customers ISSUE NUMBER 8 WINTER 2007 with BlueScope Steel 24 hours a day, seven days a week. WELCOME See page 2 for details. We include a ‘Tech Talk’ section addressing technical queries relating to XLERPLATE® steel. Welcome to the Winter edition of XLERPLATE® As always, we welcome your feedback and on behalf Steel In Touch. of the BlueScope XLERPLATE® steel team, thank you for In this issue we bring you the latest news on your continued support. Happy reading! developments in the industry, XLERPLATE® steel product updates, and announce some of our monthly prize winners in the ‘Backing the Aussie Spirit’ campaign. We also introduce you to the advantages of using our online business portal, Bluescopesteelconnect.com™ which provides instant access to 12 months’ data history, Elly Pilkadaris allowing you to cost-effectively and efficiently transact State Sales Manager - Western Australia GOLDEN OPPORTUNITY FOR WA MINING EQUIPMENT FABRICATOR Riding the wave of the rolled structural steel sections to hold the mining and resources componentry in place and provide workers boom, Western Australia’s with access to it,” JV Engineering’s JV Engineering has landed Director Peter Robbins says. a major contract for the JV Engineering began fabrication work at $1.8 billion Boddington its Welshpool workshop in July 2006, and Gold Mine (BGM) is expected to finish the job in early 2008. Expansion Project. BGM is expected to start production later The BGM project involves that year. building a new processing “The greatest challenge we face with large plant to retrieve gold and contracts like this is meeting the delivery copper ore from deadline,” Mr Robbins says.
    [Show full text]
  • ANNUAL REPORT 2019 OUR PURPOSE WHO WE ARE Our Purpose Is to Make a South32 Is a Globally Diversified Mining and Metals Company
    6 September 2019 South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 south32.net 2019 ANNUAL REPORT South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) today releases its 2019 Annual Report, Corporate Governance Statement and Appendix 4G. These documents are also available online at https://www.south32.net/investors-media/annual-report-suite. The Notice of Annual General Meeting will be dispatched by no later than 25 September 2019. A hard copy of the Annual Report will also be dispatched on the same day to those shareholders who have requested one. Yours sincerely Nicole Duncan Company Secretary About South32 South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. We are also the owner of a high grade zinc, lead and silver development option in North America and have several partnerships with junior explorers with a focus on base metals. Our purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come, and to be trusted by our owners and partners to realise the potential of their resources. Further Information Investor Relations Alex Volante Tom Gallop T +61 8 9324 9029 T +61 8 9324 9030 M +61 403 328 408 M +61 439 353 948 E [email protected] E [email protected] Media Relations James Clothier Jenny White T +61 8 9324 9697 T +44 20 7798 1773 M +61 413 391 031 M +44 7900 046 758 E [email protected] E [email protected] Further information on South32 can be found at www.south32.net.
    [Show full text]
  • Telfer W with Pr 800,000 Copper Signific Resourc
    4420 Newcrest Cover 04 6pp 16/9/04 9:52 AM Page 2 Telfer will be the largest gold mine in Australia, with projected annual production of more than 800,000 ounces of gold and 30,000 tonnes of copper for 24 years, positioning Newcrest as a significant and profitable Australian-based resources business. Newcrest Mining Limited Newcrest – The Sustainable Section 5 Resource Business 1 Sustainability and People 38 Section 1 Health and Safety 40 Our Results 2 Environment 42 Human Resources 43 Performance in Brief 2 Chairman’s Review 4 Section 6 ABN: 20 005 683 625 ABN: Managing Director and Corporate Governance 44 Chief Executive Officer’s Report 5 Board of Directors 45 Newcrest Senior Management 10 Corporate Governance 46 Financial Report 11 Section 7 Section 2 Concise Annual Report 2004 Financials 49 Operations 12 Directors’ Report 50 Cadia Valley Operations 14 Management Discussion and Analysis Ridgeway Gold/Copper Mine 14 of the Financial Statements 56 Cadia Hill Gold/Copper Mine 16 Statement of Financial Performance 58 Toguraci Gold Mine 19 Statement of Financial Position 59 Section 3 Statement of Cash Flows 60 Projects 22 Notes to the Concise Financial Report 61 Directors’ Declaration 68 Telfer Gold/Copper Project 24 Independent Audit Report 69 Cracow 26 Cadia East 28 Shareholder Information 70 Boddington Expansion Project 29 Five Year Summary 72 Section 4 Corporate Directory IBC Exploration 30 Strategy and Review 32 Mineral Resources and Ore Reserves 34 Newcrest Mining Limited Newcrest ABN: 20 005 683 625 Notice of Meeting Notice is hereby given that the 24th Annual General Newcrest Mining Limited Meeting will be held at the Hyatt Regency Hotel, Concise Annual Report 2004 99 Adelaide Terrace, Perth, Western Australia on Wednesday 27 October 2004 at 9.30am.
    [Show full text]
  • 201005 Newcrest Annual Report
    2020 Annual Report We are well positioned to deliver on our near-term growth options of Havieron, Red Chris and Wafi-Golpu. Sandeep Biswas, Managing Director and Chief Executive Officer OUR VISION To be the Miner of ChoiceTM for our people, shareholders, host communities, partners and suppliers. LIHIR, PAPUA NEW GUINEA NEWCREST 2020 ANNUAL REPORT 1 OUR COMPANY OUR MISSION Asset Overview 04 Key Achievements for FY20 06 To safely deliver Chairman’s Report 08 superior returns to our Managing Director’s Review 10 stakeholders from finding, Safety & Sustainability 12 developing and operating People 14 gold/copper mines. Organic Growth Opportunities 16 Newcrest’s Value Proposition 18 The Board 20 Mineral Resources and Ore Reserves 24 Directors’ Report 34 Corporate Directory 184 2 FORGING A STRONGER NEWCREST Forging a Stronger Newcrest Our clear focus remains on eliminating The health and safety of fatalities and life-changing injuries from our business, while striving to make continual progress on reducing all injuries our people is of primary and health impacts. importance at Newcrest. We believe that a strong and enduring commitment to the health and safety of our workforce best reflects our values and underpins and sustains optimal business performance. To achieve Newcrest’s full potential for our stakeholders, our company strategy focuses on five key pillars, each with associated aspirations which were set in February 2016. Safety & People Operating Technology Profitable sustainability performance & innovation growth Our aspirations Zero
    [Show full text]
  • Steelintouch
    Steel InTouch WA #7:Layout 1 14/3/07 10:31 AM Page 2 steelintouch News for Western Australian Customers ISSUE NUMBER 7 AUTUMN 2007 articles, log onto www.xlerplate.com.au and search our WELCOME archived editions. In this issue we feature our new XLERPLATE® steel Welcome to the first issue of XLERPLATE® Steel In campaign – called Backing the Aussie Spirit – which is Touch for 2007. themed around the Australian quest to be the best. The year ahead is already shaping up as an eventful See page 2 for details about this exciting new ® and exciting one, with many opportunities and XLERPLATE steel initiative. ® challenges facing our XLERPLATE® steel customers. The BlueScope XLERPLATE team and Steel In Touch We look forward to continuing our value-creating look forward to bringing you the latest news on relationship for 2007 and beyond. developments within our industry throughout 2007. XLERPLATE® Steel In Touch will bring you the latest steel industry news, information about projects happening in your state, updates on the economic environment and XLERPLATE® steel product news. Elly Pilkadaris If you’re interested in reading previous Steel In Touch State Sales Manager - Western Australia A 3D MODEL OF SUCCESS West Australian company PDC Consultants is Billiton and MPDJV (EPCM Contractor), and PDC The new crushing and screening facilities and successfully completing a major drafting and design Consultants’ 3D modelling processes – which can associated conveyors were fabricated and erected contract for the expansion of a BHP Billiton iron ore halve design and detailing costs. by the Monadelphous Group and are expected to be mine in the Pilbara region.
    [Show full text]
  • A Structural Examination of the Telfer Gold-Copper Deposit And
    ResearchOnline@JCU This file is part of the following reference: Hewson, Simon Andrew John (1996) A structural examination of the Telfer gold-copper deposit and surrounding region, northwest Western Australia: the role of polyphase orogenic deformation in ore-deposit development and implications for exploration. PhD thesis, James Cook University. Access to this file is available from: http://eprints.jcu.edu.au/27718/ If you believe that this work constitutes a copyright infringement, please contact [email protected] and quote http://eprints.jcu.edu.au/27718/ A Structural Examination of the Telfer Gold-Copper Deposit and Surrounding Region. northwest Western Australia: The Role of Polyphase Orogenic Deformation in Ore-deposit Development and Implications for Exploration. VOLUME 1 Thesis submitted by Simon Andrew John HEWSON BSc (Hans) (Curtin) in October, 1996 for the degree of Doctor of Philosophy in the Department of Earth Sciences at James Cook University of North Queensland. I, the undersigned, the author of this thesis, understand that the following restriction placed by me on access to this thesis will not extend beyond three years from the date on which the thesis is submitted to the University. I wish that access to this thesis not to be permitted for a period of three years. After this period has elapsed I understand that James Cook University of North Queensland will make it available for use within the University Library and, by microfilm or other photographic means, allow access to users in other approved libraries. All users consulting this thesis will have to sign the following statement: " In consulting this thesis I agree not to copy or closely para-phrase it in whole or in part without the written consent of the author; and to make proper written acknowledgement for any assistance which I have obtained from it.
    [Show full text]
  • 17 Jan 2017 2012 Full Year Results 1.36 MB
    O I L S E A R C H L I M I T E D (Incorporated in Papua New Guinea) ARBN – 055 079 868 RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012 26 February 2013 (ASX: OSH; ADR: OISHY) HIGHLIGHTS • 2012 net profit after tax (NPAT) including significant items was US$175.8 million. Excluding significant items, underlying NPAT was US$153.0 million. • Total oil and gas production in 2012 was 6.38 mmboe, within the Company’s guidance range despite several shutdowns during the year. • Sales volumes for the year were 6.13 mmboe, 8% down on 2011. • The average realised oil price was US$113.97/bbl compared to US$116.09/bbl in 2011. • Total revenue from operations was similar to 2011, at US$724.6 million. • Liquidity remains strong, with US$488.3 million in cash (including JV balances) and an undrawn revolving facility of US$500 million at year end. • A 2012 final dividend of two US cents per share was announced, taking the 2012 full year dividend to four US cents per share, consistent with 2011. • A strong reserves and resource base has been confirmed, with proven and probable reserves increasing, fully replacing production. 2C contingent resources increased by 77.4 mmboe, or 24%, to 395.1 mmboe, underscoring the resource base to underpin further gas commercialisation. Commenting on the 2012 results, Oil Search Managing Director, Peter Botten, said: “Oil Search delivered a solid set of operational and financial results in 2012 and the Company’s growth strategy remains firmly on track, with significant progress made on the PNG LNG Project, gas expansion in PNG and exploration activities in the Middle East.
    [Show full text]
  • For Personal Use Only
    To: Company Announcements Office LEVEL 9 600 ST KILDA ROAD MELBOURNE From: Francesca Lee VICTORIA 3004 AUSTRALIA Date: 13 February 2015 PO BOX 6213 Subject: Annual Mineral Resources and Ore Reserves ST KILDA ROAD CENTRAL Statement Explanatory Notes MELBOURNE 8008 T +613 9522 5333 F +613 9525 2996 www.newcrest.com.au Please find attached Newcrest Mining Limited’s Annual Mineral Resources and Ore Reserves Statement Explanatory Notes for the year ended 31 December 2014, for immediate release to the market. Yours sincerely Francesca Lee Company Secretary For personal use only A MEMBER OF THE NEWCREST MINING GROUP ABN 20 005 683 625 Explanatory Notes Newcrest Mining 13 February 2015 Annual Mineral Resources and Ore Reserves Statement – 31 December 2014 EXECUTIVE SUMMARY Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the twelve month period ending 31 December 2014 and for this purpose, has completed a detailed review of all production sources. The review has taken into account updated long term metal price, foreign exchange and cost assumptions, and mining and metallurgy performance to inform cut-off grades and physical mining parameters. This has resulted in the most marginal ounces being removed from the portfolio and these are reflected in changes to Mineral Resources and Ore Reserves. Group Mineral Resources As at 31 December 2014, Group Mineral Resources are estimated to contain 140 million ounces of gold, 20 million tonnes of copper and 130 million ounces of silver. This represents a decrease of approximately 8 million ounces of gold (~5%), 0.4 million tonnes of copper (~2%) and 1 million ounces of silver (~1%), compared with the estimate as at 31 December 2013.
    [Show full text]
  • Business Leadership: the Catalyst for Accelerating Change
    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
    [Show full text]