Newmont Mining

  www.newmont.com
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Newmont Mining Reviews

Updated Jul 3, 2014

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All Employees Current Employees Only

3.3 65 reviews

76% Approve of the CEO

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Gary J. Goldberg

(17 ratings)

67% of employees recommend this company to a friend

Review Highlights

Pros
  • Company offers some of the best pay and benefits in their industry(in 9 reviews)

  • Great pay, great benefits, great PTO, 9/80 work schedule(in 6 reviews)


Cons
  • Limited work-life balance and political power plays are common(in 4 reviews)

  • Hard to make decisions and get work done(in 3 reviews)

8 Employee Reviews Back to all reviews
Relevance Date Rating
in

     

    Unstable

    Anonymous Employee (Current Employee)

    ProsGreat pay, great benefits, great PTO, 9/80 work schedule
    Some people are really decent, hard working, smart people

    Cons-Too many organizational structure changes.
    -Communication could be better between groups and just in general.
    -The layoffs have been rough for some people. Mostly for the hard working people. These are the people that have the potential to move forward in their careers and accomplish great things at this company. Unfortunately, some of these hard working people are the ones that will probably leave to do exactly that, because they're so bogged down with other work that they can barely do the jobs that they were hired to do. It's fine to do this for a while, but when there's no light at the end of the tunnel, people will eventually leave. On the other hand, these significant layoffs did not scare the slackers enough to actually change their ways, and they're allowed to get away with it which leads me to my advice...

    Advice to Senior ManagementFire people. When mediocre people are allowed to stay for years by apparently incompetent managers, it doesn't help anything really.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Average

    Anonymous Employee (Current Employee)

    ProsWork life balance, Friday offs, fair market salary

    ConsInefficient operations, no established processes, lack of business planning and execution expertise, silo, no common culture

    Advice to Senior ManagementUpper management is new, should pay more attention to core competencies

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    At $1800 per ounce one would think they could pay employees more than the contractors.

    Anonymous Employee (Former Employee) Battle Mountain, NV

    ProsThis place has a Bass Akwards compensation structure. The less education you have, the more likely you are to be paid more. The less you know about mining, and the more blood ties you have with employees and contractors and vendors, the more likely you will be a manager. It's a job, but there are other companies that this place contracts work to that pay significantly better and know more about mining. Employees without college education, but who have a relative working here are at a great advantage.

    ConsAt $1800 per ounce, you think this place would be making enough money to pay employees better, but apparently all of it goes into paying the contractors who are doing the same amount of work. At Newmont prepare to make 30%-60% less than if you're working with a company like SMD or Redpath (both of which pay over $100k). If you're not related to someone working in management, or one of the vendors, you'll never advance. Your best bet is to work for one of the contractors.

    Newmont could probably pay better if they wouldn't have wasted so much money putting the managers, and parts 100+ ,miles away from the mine sites. If the managers thought they could manage a mine 100 miles away from the mine site, why not just run it from Denver? That way they could get rid of the wasted resources in the NARO-minded building.

    Advice to Senior ManagementPay talented employees more, and get rid of the "here since high school" managers. Not one person in Nevada is actually a licensed professional in a recognized field, but there are sure a bunch of people sitting around in the NARO building who think the have miraculously worked their way into a "profession." Surveyors are not engineers, and until they finish a college program and pass the PE Exam, they never will be. The same holds true for the other wana-be "professionals" who claim to have "worked their way up." Stop wasting money on resources to fill the NARO building and the CAT warehouse and pay your employees working in the field more, or you'll lose them to SMD or other industries.

    No, I would not recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Great place to get some experienceand then move on.

    Anonymous Employee (Current Employee) Carlin, NV

    ProsYou will know more about the mine and how to make gold than the managers very quickly.

    Job can be interesting and personally challenging.

    Pay and benefits are good for someone out of school. Vacation time earned is better than most.

    You can be incompetent and become a manager.

    The contacts you make with contractors will land you a better job with another company.

    ConsGood old boys club. If you aren't a relative or best friend of a manager, you will never be respected or trusted.

    Most of the management is vastly under-qualified for the job.

    They waste millions on projects that a skilled person knows will not work while neglecting obvious low hanging fruit.

    Politics.

    Most managers are from a mining engineering or metallurgical background but show a surprising lack of understanding how to make gold.

    Absolutely zero focus on proper planning. The targets are shifted faster than proper solutions can be implemented.

    Our bonuses and raises are getting lower as the profits get bigger.

    Advice to Senior ManagementWake up in Denver and get your house in order, then fix Nevada. There is so much potential here. I have seen a lot of talent leave to be replaced with incompetence. Have the technically competent people decide which project to pay for. Stop sending managers to make those major decisions that can't understand the basic, much less detailed aspects of a project. I am tired of it finally. I'm leaving too. Good luck.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Leak in the Leadership Pipeline

    Manager (Former Employee) Denver, CO

    ProsGlobal visibility and opportunities to move to remote places and either live in a camp or in Nevada. Some of the titles given to employees are very impressive on a resume and can be parlayed into landing great jobs with other miners. Although I had the title of Manager, I did not have any direct reports and was able to change companies and be the manager of quite a large group and an entire function with another company. Newmont is also very generous with severance packages.

    ConsPolitics! Newmont talks a good story about performance evaluation, career development and succession planning. Then you wake one day and a new group has arrived from another large mining company like Phelps Dodge or BHP and that group brings there culture with them. You become a "legacy" employee and are removed strictly for political reasons or to open up space for more of that political parties members.

    Advice to Senior ManagementI still believe in Richard O'Brien and his vision and leadership. Newmont must be vigilant in identifying infiltrators that have not adopted the corporate culture and work to effectively change the culture of those individuals or remove them in order to continue to work toward a performance based corporation and not continue to be a politically based organization.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Get in get out get on with life

    Leach Metalurgy Intern (Current Employee) Carlin, NV

    Pros- If you have the initiative you can take on multiple projects
    - Lots of personal career growth occurs when working with the "non-workers"
    - Good compensation particularly for multiple internships
    - Will likely discover you don't want to work for Newmont before it's too late

    Cons- 1/3 of the workforce calls themselves "the nonworkers" because they litterally avoid doing any work. They will try to prevent you from getting your work done and will do everything possible to make your internship hell. Possibly succeeding.

    - If you don't take the initiative you can spend your entire grinding rocks or worse absolutely nothing

    - Projects frequently are not valuable and are a mutual waste of time

    - Very disorganized intern program

    - Willingness to lose millions of dollars instead of spending thousands of dollars on chemical products

    Advice to Senior ManagementFind the slackers in your organization - they cost you money and stand in everyone's way.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Hopefully things are changing now that the new CEO is in charge, but lots of old timers still remain.

    Director (Former Employee) Denver, CO

    ProsAs one of the industry leaders in gold mining Newmont leads in environmental/health/safety issues. I enjoyed travelling around the world to the different sites. The science of gold mining is fascinating in and of itself, but the benefits of salary, generous 401k, stock, and pension all added to that 'shine'.

    ConsIt is a good old boys club. It has always been about who you know. Additionally, the culture is short sighted - 'if you are not moving dirt, you're not adding value.'

    Advice to Senior ManagementDick O'Brien seems to be level headed and intent on changing the direction of the company. This review was based largely on the organization prior to his lead. Communicating vision and strategies to lower level employees is key to keeping everyone rowing in the same direction though.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    good money but you have to get along with all types of managers

    Lab (Former Employee) Winnemucca, NV

    Proslocation and pay are decent

    Consmanagement looks at political side of a person rather than technical skill

    Advice to Senior ManagementPromoting people based on political decisions rather than technical ability is poor management

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