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Businessexcellence May 07 70 royal connections. Anywhere else that gold is commercially extracted, you will fi nd Newmont Mining. It employs around 28,000 people and has activities on every continent, with the current exceptions of Europe and Antarctica. Newmont Mining Corporation was founded in 1921 in New York by Colonel William Boyce Thompson, with the intention of investing in global minerals, oil and gas extraction and exploitation. Over the years, the company built up substantial holdings in energy activities in Texas, the Louisiana Gulf Area and the North Sea, and, with its purchase of 50 percent of Peabody Holding Company, Inc, in 1977, it became one of the major coal producers, too. It went into the gold business in 1929, when it acquired the Empire Star Mine in California. Within 10 years, it was operating 12 gold mines in North America and, in 1940, the O’okiep Copper Company began operations in South Africa and became the base for the company to become the world’s third-largest copper mining organisation. Gold has been Newmont’s focus since it divested itself of its oil, gas, coal and other operations in a restructuring program that began with an unwelcome bid tender in 1998. Headquarters were moved from New York City to Denver in 1989; the merger with Santa Fe Pacifi c Gold Corporation, shortly after, made it the largest gold producer in North America. The acquisition of Normandy Mining Limited and Franco-Nevada Mining Corporation, in 2002, elevated it to number one in the world. In 1962, Newmont discovered a 3,000,000- ounce deposit of disseminated gold at Carlin, Nevada, and opened its fi rst mill there three years later. The full extent of the discovery, a 50-mile long, fi ve-mile wide belt, contains more than 20 major deposits and is known as the Carlin Gold Trend. It was the largest gold discovery in North America in the 20th century and is still the largest goldfi eld in the western hemisphere, but the nature of the gold-bearing strata is such that there is rather a lot of subgrade ore. The solution was to use heap leaching technology, which uses a dilute solution of cyanide to extract the metal from heaps of ore and spoil, collecting the ‘pregnant solution’ in a storage pond at the bottom of the pile, from which the precious metal is extracted. Heap leaching is now the most widespread method of gold extraction in use across the world. Newmont’s Nevada operations, which cover 3,000 square miles along 200 miles of I-80 in NE Nevada, annually produce up to three million ounces of gold and a similar amount of silver. Newmont has been at the forefront of innovation in gold exploration for decades. It developed induced polarization, based on World War II ordnance and submarine detection technology, which uses an electric current to polarize earthbound material and detect gold; the method is now in widespread use across the world. It developed the fi rst airborne electro-magnetic (EM) detection systems, for use in Nevada in the 1950s, and NEWTEM, its current helicopter-borne EM system, uses GPS navigation, onboard magnetometer, radiometrics and in-fi eld data processing to facilitate rapid coverage of large prospective areas of exploitation. Newmont Mining’s North American operations in Nevada, California, Ontario (Canada) and Sonora, Mexico, represent 39 percent of worldwide sales and nearly 38 percent of its global gold reserves. It’s the largest gold producer in South America; the Zarafshan-Newmont Joint Venture in Uzbekistan is exploiting what was the largest gold mine in the former Soviet Union. It operates two sites in Indonesia; with the 2002 acquisition of Normandy Mining, Newmont became a leading Australian gold producer and added more than 12 million ounces to reserves for a combined 16 million ounces at year-end 2004. Production at Ahafo, Ghana, began in the second half of 2006 and is expected to begin in Akyem, also in Ghana, in 2008. In the year ended December 31 2006, Newmont made a net profi t of $791 million on net sales of $4,987 million. Caldera Engineering is a young company built on a foundation of creative engineering and superior after market customer support. Only ten years old, Caldera Engineering has established itself as the go to company for slurry letdown service in the corrosive and erosive high pressure acid leaching (HPAL) process used in the mining industry for recovering gold, nickel, copper, and uranium. Caldera Engineering Newmont Mining Corporation “Newmont has been at the forefront of innovation in gold exploration for decades.”

May 07 Businessexcellence Waters Corporation 71 Waters Corporation has built a legacy of dependable, forward-thinking products and services to help the science discovery industry move forward. Kate Sawyer explores these latest developments Since its founding in 1958, Waters Corporation has scripted the perfect marriage of scientific discovery and operational excellence, producing top-notch analytical instruments for scientists working in more than 100,000 laboratories around the globe. A $1.3 billion company, Waters Corporation has manufacturing capabilities in the US and Ireland, where high-performance liquid chromatography, mass spectrometry, thermal analysis, and rheology products are made. At the speed of science Its products are as varied as its applications. Waters Corporation designs are used, for instance, in discovering new pharmaceuticals, inventing new and better ways to treat diseases, ensuring the safety of food and drinking water supplies, monitoring pollution, and even conserving the artistic works of antiquity. Its global services division, which accounts for 27 percent of overall revenue, involves tailor-making client laboratory and information management processes for clients to help them High-performance liquid chromatography