When a brand is synonymous with high-end gear, it’s not a coincidence that its products come in all shapes and sizes
- June 20, 2021
Gold is synonymous not only with the gold standard of high-quality, high-value jewellery, but with other high-tech products.
But the brand has been making the same products since the early days of the gold industry.
In Australia, Goldcorp is the only company that manufactures its own equipment and jewellery.
Gold is also synonymous with the name of its mining operations, in the mining industry.
The company was founded in 1891 by Andrew Gold in Victoria, with the first mine opened in 1899.
Today, Gold is known as a mining company, with operations across Western Australia, New South Wales and Tasmania.
At the time, Gold was still considered a “mineral speculator” and was also known for its high-technology equipment.
Goldcorp was formed to produce quality, affordable, quality-focused products for the Gold industry.
Its first products were used for mining applications, including diamond cutting and diamond powdering.
The company also produced a variety of other products, including electric motors, motors and parts for automobiles, as well as electric motors and motors for power generation.
The company has continued to expand its mining, engineering and electric-power businesses over the years.
During the early 2000s, Gold became a major buyer of the global technology and supply chain for its equipment and manufacturing facilities.
The acquisition of the British company Tata in 2009, and the acquisition of a Chinese company by the Indian conglomerate BHEL in 2010, saw a substantial increase in the company’s global presence.
In 2013, the company announced it had entered into a strategic agreement with Chinese telecommunications giant Huawei.
Today, the brand is the biggest customer of Goldcorps’ Australian operations.
In 2016, the Australian government approved the expansion of the company into the Australian market, and it also acquired a number of businesses in China, including Chinese mobile phone manufacturer Huawei.
Goldcorps now operates a number.
The firm operates three mining operations in Australia, two in Tasmania and one in Western Australia.
The Australian company’s main production base is in the Goldfields in the southern Goldfields region of Victoria, and employs over 1,000 people.
GoldCorps also operates operations in Western Canada and New Zealand, where it is also the largest buyer of its equipment.
Its headquarters are in Perth, Western Australia; the company also has a regional office in Newcastle, New Zealand.
Ahead of the announcement of the Goldcorporation acquisition, GoldCorps said that the decision to acquire Huawei and the purchase of its Tasmanian operations was part of its strategy to grow its international operations, and boost its global presence through acquisitions and expansion.
For the latest news on Goldcorping, watch this space.
More about Australia, jewellery
