Posted on February 19, 2014 in Our Communities
They may live on different continents and in different time zones, but dozens of Newmont employees in Denver and Ghana are connected by their desire to help improve healthcare infrastructure in communities near the company’s Ahafo operations. Through Newmont’s partnership with Project C.U.R.E., a Denver-based nonprofit that provides donated medical supplies to healthcare facilities in developing countries, employees recently teamed up in a cross-continent volunteer effort that began in Denver, where corporate employees packed supplies, and ended in Ahafo, where Ghana employees distributed them.In all, six healthcare facilities in the Asutifi and Tano North districts of the Brong Ahafo Region received donated medical equipment and supplies valued at approximately $2 million. Dental surgical instruments, a dental x-ray unit, incubators, surgical instrument kits, wheel chairs,...
Posted on January 31, 2014 in Our Business
Mining in New Zealand has a long history, dating back to the discovery of gold in the 1800’s. While the original mine closed in 1952, new prospecting activity began in Waihi in the 1970s, sparked by rising gold prices.Today, Newmont’s mining operations employ many local community members and the Martha open pit operation is situated in the town. In addition, our Favona and Trio underground operations are accessed by a portal on the town’s outskirts. With current operations nearing the end of the mine life, Newmont’s near-mine exploration activities are focused on the Correnso ore body, which would allow mining activities to continue in Waihi.Newmont’s Correnso underground mine began construction with a 550 meter exploration development drive pushing out from the Trio mine in Waihi East. The Correnso Exploration Development Drive was started in December 2013...
Posted on January 14, 2014 in Our Environment
While mineral production is Newmont’s core business, environmental stewardship is one of our core values. This includes managing and improving the natural habitat around our operations, as well as sustaining and enhancing healthy ecosystems.Every plant and animal plays an important role in the health of its ecosystem – from coral reefs in Indonesian seas to cutthroat trout in North American rivers. In Nevada, where the majority of our North American operations are located, we are helping to conserve and rehabilitate large expanses of sagebrush habitat, a landscape that is the life source of the Greater Sage-Grouse. Throughout the Western United States, the Greater Sage-Grouse population and the sagebrush ecosystem have suffered from the invasion of non-native plant species and an increase in wildfires.Large, frequent wildfires have affected the sagebrush-communities that...
Posted on December 17, 2013 in Our Business
Minera Yanacocha in Peru is Latin America’s largest gold mine, yielding more than 34 million ounces of gold since the mine began producing in 1993. However, with a projected remaining mine life of approximately five years, and a progressive decline in the gold grade in the mine’s ore bodies, Yanacocha is nearing the final stages of its lifecycle. Or, at least, that was the assumption.After intensive laboratory research, a new way to extend the life of this prolific asset is showing promise. Our talented team is developing a way to safely and economically recover copper from a sulfide ore body dominant with the mineral enargite – a first in the mining industry.For more than a decade, a vast deposit of enargite dominant mineralization located beneath Yanacocha’s oxide (gold) ore body was avoided due to its complexity and cost to process.“Because the enargite...
Posted on October 25, 2013 in Our Business, Our Values
Mine rescue is an operation you hope you never need to perform. But in the event that you do, you’d better be prepared.Randy Squires, Senior Manager for Regional Safety Relations at Newmont, speculates this may be the sentiment of every mining company. At Newmont, however, it’s much more than a sentiment. It is a commitment.Determined to safely return employees and contractors to their homes and families at the end of each work day, Newmont has created a culture in which all employees – whether they work at a mine site or in an office building – are expected to manage the risks of their jobs and choose more safe behaviors.It is a culture built upon safety standards and practices that have become second nature for employees. For instance, employees engage in safety interactions to better understand the impact and influence they have on one another’s well...
Posted on October 15, 2013 in Our Business, Our Values
Recently, Newmont was named to the Dow Jones Sustainability World Index (DJSI) for the seventh consecutive year. We are proud to be recognized as a leader in the areas of sustainable economic, environmental and social performance because we understand this performance – and our efforts to continually improve – are central to our future success.Newmont voluntarily participates in various partnerships and programs that provide a means for measuring our performance, as well as a framework for action and a forum to learn from others. One such program is the Extractive Industries Transparency Initiative (EITI), a multi-stakeholder coalition of governments, companies, investors, civil society groups and international organizations.Mining and other resource activities can be catalyst for economic and social development in emerging economies. However, the lack of accountability and...
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