Information Systems At Newmont Mining Corporation - A Corporate View Point ? Introduction

Newmont Mining Corporation started as one man's investment vehicle. William Boyce Thompson, Newmont's founder, was already a millionaire many times when he incorporated his existing Newmont company in Delaware in 1921. The initial stake in the company was $8 million in capital contributed by Thompson and several close associates. In its infancy the company was truly a holding company. It did not operate or manage any properties. This situation changed drastically over time. By 1939 Newmont was actively mining 12 gold mines in North America. The following year, the first copper mine that Newmont ever managed directly, came into full production in South Africa. The period after World War I1 was a glorious one for Newmont. Plato Malozemoff took the helm of the company, and expanded its operations over the next 30 years into copper in Arizona, oil and gas in the U.S. and the North Sea, into domestic coal and thankfully, into significant gold operations.