Newcrest Mining

Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and gold-copper concentrate. Newcrest is known for its strong technical capabilities in exploration, deep underground block caving and metallurgical processing skills. The company is listed on the Australian Securities Exchange.
Supporter since 2014
Supporting Company through membership of ICMM

Statement of support

At Newcrest, we recognise that economic participation around our mines and exploration sites by host communities creates opportunities to contribute to their broader social development objectives. As part of our corporate philosophy towards transparency and governance, we are committed to promoting and to supporting the implementation of the Extractive Industries Transparency Initiative (EITI) in the countries in which we operate by publicly disclosing payments made to governments in line with the respective national EITI processes.

Engagement with the EITI

Newcrest Mining is an active member of the respective country’s multi-stakeholder groups (MSG) in Papua New Guinea and Indonesia. In Papua New Guinea, the company supported and assisted with the development of Papua New Guinea’s submission to become an EITI candidate country.

As a supporting member of the EITI, Newcrest publicly discloses revenue and benefits generated in accordance with relevant national regulations and the EITI Standard. Newcrest Mining will continue to engage with the EITI Secretariat and review possibilities for international engagement with the EITI.

Strengthening transparency

Newcrest believes that greater public transparency, governance and accountability concerning revenues generated and paid by extractive industries to host countries supports communities in monitoring how revenue is being distributed. As part of Newcrest’s commitment to the EITI, the company publishes its annual tax contribution report, which sets out mining royalties and taxes paid across all its operating jurisdictions.

Newcrest’s code of conduct, corporate governance framework and company policies aim to protect against illegal and inappropriate behaviours such as fraud, bribery, corruption, discrimination and bullying. They also serve to articulate its position on safety, health, human rights, environment, communities, security and diversity and inclusion.

Link to the statement of support on Newcrest's website  

Statement of support to the EITI on Newcrest's website