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The View from England: To deliver a mine, expect the worst
A miner inside the access tunnel of an underground mine. Credit: tifonimages/iStock.
Memorable corporate and political anniversaries are front of mind at the moment, as is an historic expedition with a valuable lesson for risk assessors everywhere.
Newmont recently celebrated its 100th anniversary of incorporation. Colonel William Thompson had founded Newmont Company (an amalgamation of New York and Montana) in 1916 to hold his investments, and incorporated the enterprise five years later.
The first shares in Newmont were traded publicly in 1925 (and ‘Mining’ was added to the name). Since then the company has done rather well. Newmont’s 10th CEO, Tom Palmer, noted that it now has 14,000 employees and a market capitalisation of more than US$51 billion.