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SYDNEY, Aug 20 (Reuters) - Australian shares are set for a weak start on Thursday, hurt by negative global sentiment, worries over Chinese shares and falling commodity prices. Copper slid to a six-year low on Wednesday below $5,000 a tonne while U.S. crude oil slumped over 4 percent to a 6-1/2 year low. Chinese iron ore futures slumped as much as 3 percent. The local share price index futures fell 0.9 percent, or 48 points, in overnight trading to sit at a 75.2-point discount to the underlying S&P/ASX 200 index. The benchmark rallied 1.5 percent on Wednesday, having recovered from a seven-month trough touched on Tuesday. Qantas Airways reported a return to full-year profit on the back of a tough cost-cutting program and tailwinds from cheaper fuel costs. AMP posted a 3 pecent jump in half-year profit and lifted its interim dividend to 14 cents a share. Gold miners such as Newcrest Mining will also be in focus after the metal rallied to a one-month high. New Zealand's benchmark NZX 50 index was barely changed at 5,746.27 points in early trade. For a summary of overnight action across global markets, double click on For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Swati Pandey; Editing by Richard Pullin)
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Newcrest Mining Ltd
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PRODUCER |
CODE : NCM.AX |
ISIN : AU000000NCM7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Newcrest is a gold and copper producing company based in Australia. Newcrest produces gold, copper, silver in Australia, in Indonesia and in Papua New Guinea, develops copper, gold and silver in Australia, in Indonesia and in Papua New Guinea, and holds various exploration projects in Australia and in Indonesia. Its main assets in production are MT RAWDON, CRACOW, TELFER GOLD MINE, CADIA HILL, TELFER UNDERGROUND, HIDDEN VALLEY, CADIA EAST OPEN PIT, RIDGEWAY and CADIA in Australia, LIHIR ISLAND, LIHIR, BONIKRO and HAMATA in Papua New Guinea and GOSOWONG MINE (KENCANA) and GOSOWONG in Indonesia, its main assets in development are KIRKALOCKA, MAIN DOME OPEN PIT, CADIA EAST UNDERGROUND and RIDGEWAY DEEPS in Australia, HIDDEN VALLEY & KAVEROI in Papua New Guinea and KENCANA UNDERGROUND in Indonesia and its main exploration properties are ASHBURTON and DALGARANGA in Australia, NAMOSI in Fiji, GOLPU in Papua New Guinea and TEMBANG, PT BUG (BENGKULU UTARA GOLD) and TALIWANG in Indonesia. Newcrest is listed in Australia and in Germany. Its market capitalisation is AU$ 20.0 billions as of today (US$ 14.4 billions, € 13.7 billions). Its stock quote reached its lowest recent point on October 18, 2013 at AU$ 10.01, and its highest recent level on October 13, 2023 at AU$ 26.06. Newcrest has 766 739 968 shares outstanding. |