In this Book
- Going for Gold: The History of Newmont Mining Corporation
- Book
- 2010
- Published by: The University of Alabama Press
summary
Details how Newmont Mining revolutionized the gold mining industry and remains the second largest gold miner in the world
Jack H. Morris asserts that Newmont is the link between early gold mining and today’s technology-driven industry. We learn how the company’s founder and several early leaders grew up in gold camps and how, in 1917, the company helped finance South Africa’s largest gold company and later owned famous gold mines in California and Colorado. In the 1960s the company developed the process to capture “invisible gold” from small distributions of the metal in large quantities of rock, thereby opening up the rich gold field at Carlin, Nevada.
Modern gold mining has all the excitement and historic significance of the metal’s colorful past. Instead of panning for ready nuggets, today’s corporate miners must face heavy odds by extracting value from ores containing as little as one-hundredth of an ounce per ton. In often-remote locations, where the capital cost of a new mine can top $2 billion, 250-ton trucks crawl from half mile deep pits and ascend, beetle-like, loaded with ore for extraction of the minute quantities of gold locked inside.
Morris had unique access to company records and the cooperation of more than 80 executives and employees of the firm, but the company exercised no control over content. The author tells a story of discovery and scientific breakthrough; strong-willed, flamboyant leaders like founder Boyce Thompson; corporate raiders such as T. Boone Pickens and Jimmy Goldsmith; shakedowns by the Indonesian government and monumental battles with the French over the richest mine in Peru; and learning to operate in the present environmental regulatory climate. This is a fascinating story of the metal that has ignited passions for centuries and now sells for over $1,000 an ounce.
Jack H. Morris asserts that Newmont is the link between early gold mining and today’s technology-driven industry. We learn how the company’s founder and several early leaders grew up in gold camps and how, in 1917, the company helped finance South Africa’s largest gold company and later owned famous gold mines in California and Colorado. In the 1960s the company developed the process to capture “invisible gold” from small distributions of the metal in large quantities of rock, thereby opening up the rich gold field at Carlin, Nevada.
Modern gold mining has all the excitement and historic significance of the metal’s colorful past. Instead of panning for ready nuggets, today’s corporate miners must face heavy odds by extracting value from ores containing as little as one-hundredth of an ounce per ton. In often-remote locations, where the capital cost of a new mine can top $2 billion, 250-ton trucks crawl from half mile deep pits and ascend, beetle-like, loaded with ore for extraction of the minute quantities of gold locked inside.
Morris had unique access to company records and the cooperation of more than 80 executives and employees of the firm, but the company exercised no control over content. The author tells a story of discovery and scientific breakthrough; strong-willed, flamboyant leaders like founder Boyce Thompson; corporate raiders such as T. Boone Pickens and Jimmy Goldsmith; shakedowns by the Indonesian government and monumental battles with the French over the richest mine in Peru; and learning to operate in the present environmental regulatory climate. This is a fascinating story of the metal that has ignited passions for centuries and now sells for over $1,000 an ounce.
Table of Contents
Download Full Book
- List of Illustrations
- pp. vii-viii
- 2. Colonel
- pp. 16-29
- 7. Desert Gold
- pp. 108-119
- 8. Black Gold
- pp. 120-129
- 9. The End of an Era
- pp. 130-146
- 10. Shareholder Value
- pp. 147-164
- 11. Going Crazy
- pp. 165-178
- 14. New Horizons
- pp. 206-232
- 15. Culture Shock
- pp. 233-246
- 16. Vision
- pp. 247-266
- 17. Faith, Hope, and Hedging
- pp. 267-281
- 18. Pinnacle
- pp. 282-302
- 19. A Good Neighbor
- pp. 303-331
- 20. Sustaining Success
- pp. 332-346
- Appendix: Officers and Directors
- pp. 347-350
- Bibliography
- pp. 367-375
Additional Information
ISBN
9780817384432
Related ISBN(s)
9780817316778, 9780817359010
MARC Record
OCLC
772459654
Pages
415
Launched on MUSE
2012-01-01
Language
English
Open Access
No
Copyright
2016