Newmont Corporation
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Materials : Metals & Mining | Large Cap Blend
Company profile

Newmont Corporation, formerly Newmont Goldcorp Corp, is a mining company, which is focused on the production of and exploration for gold, copper, silver, zinc and lead. It is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company's segments include North America, South America, Asia Pacific and Africa. Its North America segment consists primarily of Carlin, Phoenix, Twin Creeks and Long Canyon in the state of Nevada, and Cripple Creek &Victor (CC&V) in the state of Colorado, in the United States. Its South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. Its Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Company's Africa segment consists primarily of Ahafo and Akyem in Ghana. As of December 31, 2016, it had gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles (59,000 square kilometers).

Price
Delayed
$49.61
Day's Change
0.465 (0.95%)
Bid
--
Ask
--
B/A Size
--
Day's High
49.67
Day's Low
48.51
Volume
(Average)

Today's volume of 3,749,813 shares is on pace to be in-line with NEM's 10-day average volume of 8,652,635 shares.

3,749,813

UPDATE: These companies have the most at stake when the world clamps down on plastic pollution

7:23 am ET February 6, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Investment bank Jefferies highlights potential winners and losers as governments and companies work to clean up the mess

Pollution is a tremendous and complicated problem around the world, requiring a variety of actions by governments, companies and people to clean up waste and reduce harm to the environment.

Analysts at New York-based investment bank Jefferies Group have published a detailed research report describing many approaches to mitigating the plastic-pollution disaster. They highlighted companies that might suffer from narrower profit margins under overlapping pollution-reduction scenarios, as well as those that may benefit from new rules and cleanup programs.

The growth of the plastics industry that led to the disaster illustrated above was summed up in one word a long time ago:

(https://www.youtube.com/watch?v=eaCHH5D74Fs)

Plastic has been a boon to all of us, making so many things lighter, less expensive and more durable. But the problems of single-use plastics and the incredible amount of plastic waste in the world's oceans are familiar to most people. It's only a matter of time before world governments take strong action to reduce pollution and begin the plastic cleanup in earnest. Scores of companies have already signed pledges to reduce their own plastic pollution.

One example is Coca-Cola (KO), which has pledged to have bottles through which their beverages are distributed be made of at least 50% recycled plastic by 2030, and to recycle at least one bottle for every one the company sells. Another is Kraft Heinz (KHC), which has pledged to have its ketchup bottles made of 100% recycled plastic by 2022.

Just as innovation has solved other dire threats to humanity, it seems likely that new processes will enable people to clean up the oceans (http://www.marketwatch.com/story/this-is-how-the-plastic-thats-choking-oceans-can-be-cleaned-up-2019-10-31), once the political will is summoned.

Cleanup scenarios

In the research report published Feb. 3, Jefferies analyst Simon Powell wrote: "Recycling rates in many places are low, and in some markets actually falling, while demand for plastic packaging is rising."

That's a recipe for even more pollution, but the widespread knowledge of the growing problem is likely to lead to actions that will affect many companies and their shareholders.

"Across the whole plastics value chain, packaging represents the largest and fastest-growing segment," according to Powell. "Asia-Pacific is the largest market for plastics, accounting for nearly half the volume, and will continue to grow quickly as consumer spending keeps pace with rising income and wealth."

China stopped importing other countries' plastic waste in 2017, which means the world's plastic recycling has actually declined, while incineration and landfill use has increased.

"[A]n integrated approach consisting of better global waste collection, increased recycling, lower reliance on single-use plastics and packaging, energy recovery through incineration, and new technologies will be required," Powell wrote.

Powell and a team of Jefferies analysts dug deeply into the advantages and disadvantages of approaches to limiting the production of single-use plastics, and disposal and recycling techniques. They also listed companies that would be affected under four scenarios through which the plastic-pollution problem can be mitigated:

Scenario 1 -- bans and taxes

This scenario includes proposed or enacted legislation in many countries. An important example is China's ban on plastic bags in major cities by the end of this year and all cities by the end of 2022. "Plastic resin used in packaging and, specifically, single-use packaging, is most at risk in terms of future demand," according to Powell.

The companies with high revenue exposure to affected plastics under Scenario 1, relative to peers, according to the Jefferies analysts, include:

Company Ticker Country

Amcor PLC US:AMCR United Kingdom

Aptargroup Inc. US:ATR United States

Berry Global Group Inc. US:BERY United States

Sealed Air Corp. US:SEE United States

Sonoco Products Co. US:SON United States

FP Corporation JP:7947 Japan

Winpak Ltd. CA:WPK Canada

Gerresheimer AG DE:GXI Germany

Greif Class A US:GEF United States

Source: Jefferies

You can click on the tickers for more about each company.

To simplify this scenario, Jefferies has a base case of "hard-line" bans on single-use plastics beginning in 2023 to be "extended globally" by 2020. The analysts see such expected developments as "positive" for these companies:

Company Ticker Industry Country

Ball Corp. US:BLL Containers/Packaging United States

Mondi PLC ADR US:MONDY Pulp & Paper United Kingdom

Smurfit Kappa Group PLC ADR US:SMFKY Containers/Packaging Ireland

Orora Ltd. ADR US:ORRYY Containers/Packaging Australia

Sources: Jefferies, FactSet

And "negative" for these companies:

Company Ticker Industry Country

Amcor PLC US:AMCR Container/Packaging United Kingdom

FP Corp JP:7947 Containers/Packaging Japan

Winpak Ltd. CA:WPK Containers/Packaging Canada

Aptargroup Inc. US:ATR Containers/Packaging United States

Sources: Jefferies, FactSet

Scenario 2 -- physical recycling accelerates

Under this scenario, "collection rates for plastic packaging reach 50% and 10% of all resin demand comes from recycled material," by 2030, according to the Jefferies team.

Scenario 2 will be positive for these companies, according to the analysts:

Company Ticker Industry Country

Republic Services Inc. US:RSG Environmental Services United States

Waste Connections Inc. US:WCN Environmental Services Canada

Waste Management Inc. US:WM Environmental Services United States

Casella Waste Systems Inc. Class A US:CWST Environmental Services United States

Veolia Environnement SA FR:VIE Water Utilities France

Sources: Jefferies, FactSet

And negative for these companies:

Company Ticker Industry Country

Indorama Ventures Public Co. ADR US:INDOY Chemicals Thailand

Lotte Chemical Corp. KR:011170 Chemicals South Korea

Braskem SA BR:BRKM3 Chemicals Brazil

Mitsui Chemicals Inc. ADR US:MITUY Chemicals Japan

Sources: Jefferies, FactSet

Scenario 3 -- chemical recycling 'goes mainstream'

The base case here is for pledges made by companies and governments under the "New Plastic Economy Global Commitment (https://www.newplasticseconomy.org/projects/global-commitment)" to be implemented by 2030, with new recycling technology used across the world by 2025. The Jefferies analysts expect under this scenario for "recycled content in packaging start to hit 50%."

The analysts expect this scenario to be positive for these companies:

Company Ticker Industry Country

Nestlé SA ADR US:NSRGY Food: Major Diversified Switzerland

Mondelez International Inc. Class A US:MDLZ Food: Major Diversified United States

Coca-Cola Company US:KO Beverages: Non-Alcoholic United States

Berry Global Group Inc. US:BERY Containers/Packaging United States

Sealed Air Corp. US:SEE Containers/Packaging United States

Covanta Holding Corp. US:CVA Environmental Services United States

Sources: Jefferies, FactSet

And negative for these companies:

Company Ticker Industry Country

Ball Corp. US:BLL Containers/Packaging United States

Vidrala SA ES:VID Containers/Packaging Spain

Stora Enso Oyj ADR US:SEOAY Pulp & Paper Finland

Packaging Corp. of America US:PKG Containers/Packaging United States

Sources: Jefferies, FactSet

Scenario 4 -- shift to alternative packaging

This scenario envisions a consumer backlash beginning in 2021, causing "new types of retail solutions" to emerge and most consumer products to be sold "without single-use plastic packaging" by 2025.

The Jefferies analysts expect this scenario to be positive for these companies:

Company Ticker Industry Country

Ball Corp. US:BLL Containers/Packaging United States

Mondi PLC ADR US:MONDY Pulp & Paper United Kingdom

Smurfit Kappa Group PLC ADR US:SMFKY Containers/Packaging Ireland

Orora Ltd. ADR US:ORRYY Containers/Packaging Australia

Silgan Holdings Inc. US:SLGN Containers/Packaging United States

DS Smith PLC ADR US:DSSMY Containers/Packaging United Kingdom

Sources: Jefferies, FactSet

And negative for these companies:

Company Ticker Industry Country

Amcor PLC US:AMCR Containers/Packaging United Kingdom

Winpak Ltd. CA:WPK Containers/Packaging Canada

PepsiCo Inc. US:PEP Beverages: Non-Alcoholic United States

L'Oréal SA ADR US:LRLCY Household/Personal Care France

Grupo Bimbo SAB de CV ADR US:BMBOY Food: Specialty/Candy Mexico

Sources: Jefferies, FactSet

(MORE TO FOLLOW) Dow Jones Newswires

February 06, 2020 07:23 ET (12:23 GMT)

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