History and Development of Newmont

Foundation (1921)

Newmont was founded by William Boyce Thompson with an initial focus on gold exploration.

Global Expansion

By the mid-20th century, Newmont began expanding its operations into regions such as Africa, South America, and the Asia-Pacific.

Major Acquisitions

• In 2002, Newmont acquired Normandy Mining and Franco-Nevada Corporation, becoming the largest gold company in the world.
• In 2019, the company further solidified its global leadership by acquiring Goldcorp.

Key Operating Locations

1. North America

• Nevada Gold Mines, USA: One of the world’s largest gold mining operations.
• Ontario, Canada: Focused on gold and other precious metal exploration.

2. South America

• Yanacocha, Peru: One of the largest open-pit gold mines in the world.
• Merian Mine, Suriname: A significant contributor to global gold production.

3. Africa

• Ahafo and Akyem Mines, Ghana: Known for producing high-quality gold.

4. Asia-Pacific

• Batu Hijau Mine, Indonesia: A large mine producing gold and copper.

Newmont’s Contributions to the Industry

1. Community Development

Newmont is committed to empowering local communities through investments in education, healthcare, and infrastructure.

2. Sustainable Mining Practices

The company employs eco-friendly technologies to minimize the environmental impact of its operations.

3. Technological Innovation

• Using automation systems to improve operational efficiency.
• Leveraging digital technology for mine data management.

Mining Challenges and SSC Works Solutions

Common Challenges

Mining operations like those at Newmont often face challenges such as:

• Wear and tear on mining vehicles due to extreme conditions.
• Hydraulic system failures and other critical component issues.
• The need for custom components for unique operations.

SSC Works Solutions

SSC Works provides precise repair and maintenance solutions to support mining operations, including:

• Hydraulic Repairs: Re-chrome and recondition hydraulic cylinders.
• Custom Fabrication: Tailored components to meet specific requirements.
• Engine Rebuilds: Complex engine repairs to ensure optimal performance.
• Preventive Maintenance: Early problem detection to minimize downtime.