Specialist
Former VP at Newmont Corp
Agenda
- Newmont's (NYSE: NEM) above-ground risk management
- Management's strengths and weaknesses
- Nevada Gold labour issues and relationship with Barrick
- Gold mining and political risk in key jurisdictions
Questions
1.
Can you start by explaining Newmont’s core strengths and where it may be falling short compared to competitors?
2.
Would you say there’s a different type of problem for each of the jurisdictions?
3.
How has Newmont’s management style translated into what appears to be a sound growth strategy?
4.
How would you characterise Newmont’s relationships with local governments and across geographies, and where would you say this relationship gets complicated?
5.
Do you feel Newmont has made some progress improving the image issue since your time there?
6.
Your Indonesia example is interesting because our expert in a recent Interview on Freeport-McMoRan [see Freeport-McMoran – Copper Production Ramp-up – 21 July 2020], spoke about the condition of the deal in Indonesia being to build a USD 3bn smelter. Is this more or less the same smelter Indonesia tried to get with Newmont, and are these types of requests or additions common?
7.
Could you provide some insight on the Barrick and Newmont relationship before the Goldcorp acquisition, and where things might be today?
8.
Can you help us understand the recent issues surrounding the labour unions at the Nevada Gold operation, and some potential implications?
9.
Do you foresee any similar problems regarding Newmont assets and potential cash grabs by government?
10.
Do you have any additional insights to highlight or reiterate about Newmont or the gold mining industry?
