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Book Description
A Fortune 500 company as a pioneer of current gold-mining technology Jack H.
Morris details how Newmont Mining revolutionized the gold mining industry and
remains today the second largest gold miner in the world. He asserts that Newmont is
the link between early gold mining and todays technology-driven industry. We

learn how the companys founder and several early leaders grew up in gold
camps and how, in 1917, the company helped finance South Africas 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 metals colorful past. Instead of panning for ready nuggets,
todays 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 nearly $1,000 an ounce.

Most Helpful Customer Reviews

Actually, "The Men and Mines of Newmont" is the title of a previous history of the
company, written in 1970. Mr. Morris covers the ensuing 40 years, as well as the
earlier period and does it in an enjoyable, readable fashion. He focuses on the varied
and interesting personalities who allowed Newmont to repeatedly reinvent itself over
the course of 80-plus years. Through a combination of historic context and ironic
anecdote, Morris brings interesting insights into the individuals who have shaped the
company over the course of its history. Anyone interested in the mining business or
American corporate history will enjoy this book.
I have followed this stock for years but I never realized how much I didn't know about
the company until I read this book. Also a good read for any one interested in gold
mining companies in general and for all "Gold Bugs".
In an ironic twist of fate, I completed reading this book on my last day as an employee
of Newmont Mining. I would certainly recommend this book for anyone that is an
employee of Newmont Mining or studying about mining history (or about mining
companies). Unfortunately, it will have little value for anyone that does not fit into
either category. It is an interesting historical account of one of the largest surviving
mining interests in the world and how it got to be where it is at today. But if you have
absolutely no interest in mining or mining companies the book is a long and tedious
read filled with documented financial facts and figures that make it very difficult to
trudge through. A good read if you want a 350 page mining company case
study...otherwise your time would be better spent trying to slog through a book on
finance, math or science; you will at least be able to get something useful out of it.
Excellent book. I learned so much about business, as well as geologic discoveries,
takeovers, the evolution of the company. It made me want to work for them! I must
admit, it read like a promotional book, even though it asserted that the author was
writing under his own accord. But seeing as how he had been a corporate officer, he
was obliviously very pro-Newmont. But that didn't really bother me. I really enjoyed
the way the book was put together and understanding the processes of decision
making at the top, and they way they went about acquiring mines, leading exploration
efforts, developing new technology..it was all great. This is a book I would have
wished to have read just prior to working in mining. It would have answered all my
questions about the way things worked, that the technical/science side of schooling
just doesn't give you. It reasserts the idea that the exploration geologists of today
need to be much more than scientists..they also have to be mindful of the business
aspects of their project...they are the first contact with the potentially affected
communities..they have to make the first good impression. There is so much more to
it than just finding a good deposit..it has to make sense from a sometimes other
worldly business prospective. Not something you learn in Geo 101...but a fascinating
subject nevertheless. I would make it a must read for new geologists/engineers. Tons
of great info, well put together.
From its early entrepreneurial beginnings on Wall Street to its status today as a global
gold miner Jack Morris brings to life the colorful business history of Newmont
Mining... Read more
I wonder if Jack Morris is on Newmont's board or has some financial interest in
justifying their past violations. Read more
Newmont turns out to be the sole survivor among American 20th century mining
giants. This non-authorized recounting by a former Newmont executive tells the why

and how. Read more

It is my opinion that this book is part fact, part fiction, with sensationalism while trying
to be humorous. Read more