{"product_id":"newmont-five-forces-analysis","title":"Newmont Mining Porter's Five Forces Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFrom Overview to Strategy Blueprint\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eNewmont Mining faces moderate supplier power, fluctuating commodity prices, and significant regulatory and ESG pressures that shape its strategic choices and margins; industry rivalry and capital intensity limit rapid new competition, while substitute risks remain low but emerging technologies could shift dynamics.\u003c\/p\u003e\n\u003cp\u003eThis brief snapshot only scratches the surface. Unlock the full Porter's Five Forces Analysis to explore Newmont Mining’s competitive dynamics, market pressures, and strategic advantages in detail.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euppliers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Mining Equipment and Technology\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpthe market for heavy machinery and specialized mining tech is concentrated among a few global suppliers like caterpillar komatsu who together held roughly of equipment sales in these wield power because their large-scale rigs autonomous systems are critical to operations switching costs high due long-term maintenance contracts operator training. newmont depends on partners sustain operational efficiency safety across its portfolio spent about billion fleet capex services what this estimate hides: single-source oem parts can cause multi-week downtime million-dollar delays.\u003e\n\u003c\/pthe\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy and Fuel Dependency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMining operations are energy intensive, with Newmont consuming roughly 1.2 million MWh of electricity and 250 million liters of diesel in 2024, so energy costs materially affect margins.\u003c\/p\u003e\n\u003cp\u003eGlobal oil and gas markets and local utility monopolies set prices, leaving Newmont with limited bargaining leverage over these inputs.\u003c\/p\u003e\n\u003cp\u003eYear‑on‑year energy price swings drove a ~7% variation in Newmont’s cost of sales in 2024, so the company uses multi-year hedges and power purchase agreements to manage volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkilled Labor and Technical Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe global mining sector faces a tight market for geologists, mining engineers, and technical analysts, with a 2024 survey by the Mining Industry Skills Alliance showing a 28% vacancy rate for specialist roles; that scarcity increases bargaining power for skilled workers and unions. Newmont (ticker NEM) reported labor and contractor costs rose about 9% in 2024, reflecting wage pressure. To secure operations across 13 countries, Newmont must spend more on training, retention, and competitive compensation—estimates suggest workforce investment could rise by $200–300 million annually. Failure to invest risks operational delays and higher unit costs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConsumables and Chemical Inputs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpthe extraction and refining of gold copper rely on chemicals like cyanide grinding media which are produced by a few specialized suppliers due to strict safety environmental rules in global sodium capacity was tonnes concentrated among major producers raising supplier leverage.\u003e\u003cpany supply disruption can halt mills reported of cash costs in so input shortages would materially raise operating risk and unit costs.\u003e\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCritical inputs: cyanide, grinding media\u003c\/li\u003e\n\u003cli\u003eGlobal sodium cyanide capacity ~400,000 t\/yr (2024)\u003c\/li\u003e\n\u003cli\u003e~8 major producers =\u0026gt; limited supplier pool\u003c\/li\u003e\n\u003cli\u003e2024 cash costs impact: ~$1.2B for Newmont\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pany\u003e\u003c\/pthe\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Infrastructure and Logistics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRegional infrastructure gaps force Newmont to rely on local transport, water, and maintenance providers in remote sites, many with de facto monopolies; this raised site operating costs by an estimated 4–7% at several projects in 2024, per company disclosures.\u003c\/p\u003e\n\u003cp\u003eGeographic dependency increases cost volatility and supply risk, so Newmont invests in community and local government partnerships—Newmont reported $150m in community and infrastructure spending in 2024—to secure stable access.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLocal provider monopolies common in remote sites\u003c\/li\u003e\n\u003cli\u003eEstimated 4–7% higher site OPEX in 2024\u003c\/li\u003e\n\u003cli\u003e$150m infrastructure\/community spend in 2024\u003c\/li\u003e\n\u003cli\u003eStrong local relations reduce disruption risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSuppliers wield key leverage over Newmont—OEMs, cyanide, energy, and skills strain costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpsuppliers hold moderate-to-high bargaining power over newmont: key oems komatsu market share in and major cyanide producers capacity t create single risks energy mwh l diesel skilled labor shortages vacancy for specialists add cost pressure spent fleet capex community to mitigate.\u003e\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eInput\u003c\/th\u003e\n\u003cth\u003e2024 figure\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOEM market share\u003c\/td\u003e\n\u003ctd\u003e40–50%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSodium cyanide capacity\u003c\/td\u003e\n\u003ctd\u003e~400,000 t\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnergy use\u003c\/td\u003e\n\u003ctd\u003e1.2M MWh \/ 250M L diesel\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet CapEx\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLabor vacancy (specialists)\u003c\/td\u003e\n\u003ctd\u003e28%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity spend\u003c\/td\u003e\n\u003ctd\u003e$150M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/psuppliers\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eTailored Porter's Five Forces for Newmont Mining: uncovers competitive rivalry, supplier and buyer power, entry barriers, and substitute threats—highlighting how scale, asset quality, regulatory risk, and commodity price volatility shape Newmont’s strategic positioning and profitability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise Porter's Five Forces snapshot for Newmont—distills competitive pressures into a one-sheet view to speed strategic and investment decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Commodity Market Pricing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGold and copper trade on global exchanges such as the London Bullion Market and London Metal Exchange, where prices are set by macro factors—real 2024 average gold price ~$2,100\/oz and copper ~$9,000\/t—so Newmont is a price taker, not a price maker.\u003c\/p\u003e\n\u003cp\u003eIndividual buyers have virtually no leverage to alter spot or futures prices, forcing Newmont to accept market rates for produced ounces and tonnes.\u003c\/p\u003e\n\u003cp\u003eThat lack of pricing power means Newmont must drive unit costs down; in 2024 all-in sustaining costs (AISC) averaged about $1,200\/oz for top producers, so Newmont’s cost position directly determines margin resilience.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStandardized and Fungible Products\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe gold and copper Newmont produces are standardized and fungible; a 99.99% gold bar from Newmont is functionally identical to one from Barrick or AngloGold, so buyers face no switching cost. In 2024 global gold market turnover exceeded $1.2 trillion and LBMA daily average traded volume was about $110 billion, keeping price discovery transparent and competitive. This fungibility boosts buyer leverage and constrains Newmont’s pricing power.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentral Bank and Institutional Influence\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLarge buyers like central banks and institutional investors sway market sentiment and liquidity; central banks added a net 1,136 tonnes of gold in 2023, the highest since 1967, shaping price expectations for Newmont.\u003c\/p\u003e\n\u003cp\u003eThey don’t set prices with Newmont, but their aggregate buying\/selling flows drive demand cycles that affect realized gold prices and sales timing.\u003c\/p\u003e\n\u003cp\u003eStrategic reserves—about 35,000 tonnes of official sector gold globally—support long-term price stability and can damp or amplify volatility for Newmont’s revenue.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustrial Copper and Zinc Demand\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIndustrial copper and zinc are consumed in construction, EVs, and renewables—copper demand rose ~3.5% in 2024 to 26.8 Mt and zinc demand hit ~13.7 Mt, so large manufacturers can curb purchases if prices or tech needs shift.\u003c\/p\u003e\n\u003cp\u003eNewmont must track manufacturing PMI, EV build rates (EV sales 2024 ~18.5M units) and supply deficits to time base-metal output and contracts, or face margin squeeze.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCopper demand 2024: ~26.8 Mt\u003c\/li\u003e\n\u003cli\u003eZinc demand 2024: ~13.7 Mt\u003c\/li\u003e\n\u003cli\u003eEV sales 2024: ~18.5M units\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow Switching Costs for Refiners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp refiners smelters can switch to other suppliers if newmont misses volume or quality targets so customer bargaining power is high on switching costs however produced million ounces of gold in making it a preferred stable supplier and reducing that leverage.\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRefiners can reallocate capacity quickly\u003c\/li\u003e\n\u003cli\u003eHigh switching power vs single-mine firms\u003c\/li\u003e\n\u003cli\u003eNewmont scale: 5.7M oz gold prod in 2024\u003c\/li\u003e\n\u003cli\u003eScale mitigates but does not eliminate refiner leverage\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBuyers Rule: Market Prices, Fungibility \u0026amp; Flows Keep Pressure on Newmont's Margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBuyers hold high bargaining power: global gold\/copper prices set on exchanges (2024 avg gold ~$2,100\/oz; copper ~$9,000\/t), product fungibility, large institutional\/central-bank flows (net +1,136t gold in 2023) and flexible refiners. Newmont’s 5.7M oz 2024 scale reduces but does not remove buyer leverage; margins depend on keeping AISC near top-producer ~$1,200\/oz.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGold price\u003c\/td\u003e\n\u003ctd\u003e$2,100\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCopper price\u003c\/td\u003e\n\u003ctd\u003e$9,000\/t\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNewmont gold\u003c\/td\u003e\n\u003ctd\u003e5.7M oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAISC (top)\u003c\/td\u003e\n\u003ctd\u003e$1,200\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003eNewmont Mining Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact Newmont Mining Porter’s Five Forces analysis you’ll receive immediately after purchase—no placeholders, no summaries.\u003c\/p\u003e\n\u003cp\u003eThe document displayed is part of the full, professionally formatted file ready for download and use the moment you buy; what you see is what you get.\u003c\/p\u003e\n\u003cp\u003eNo mockups or samples: this is the final deliverable and will be available instantly after payment.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56747040735609,"sku":"newmont-five-forces-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/newmont-five-forces-analysis.png?v=1772194520","url":"https:\/\/matrixbcg.com\/products\/newmont-five-forces-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}