Posted on September 18, 2014 in Our Values
“Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments.” - From Dow Jones Sustainability Indices websiteLast week, Newmont was named to the Dow Jones Sustainability World Index (DJSI World) for the eighth consecutive year. The DSJI World – regarded as one of the most reputable sustainability indices – tracks the world’s largest companies on their long-term economic, environmental and social performance.The DJSI’s annual review takes a rigorous approach to evaluating a company’s commitment to reduce investment risk by integrating sustainable, responsible practices throughout the business. More than 20 areas of performance are evaluated including occupational health and safety, transparency, climate...
Posted on August 29, 2014 in Our Communities, Our Values
Through Newmont’s voluntary participation in a number of external global initiatives and partnerships, we are committed to working collaboratively with others to improve sustainability engagement and performance across the mining industry. In Peru, our support of the PROPAPA Cajamarca program is a step toward fulfilling this commitment.Potatoes are a significant source of food for billions of people around the globe. It is the world’s fourth-largest crop, following rice, wheat and corn, and has a history of domestication that extends as far back as 8,000 years when it is believed the Incas became the first civilization to farm this vegetable in Peru. Despite this long history, recent consumption and crop production of Peru’s native potatoes have declined due to lack of investment in infrastructure, changing climate and greater availability of imported rice and...
Posted on August 5, 2014 in Our Business, Our People
The best course of action a person should take during a fire is to evacuate the area. But in an underground mine, it’s not always that simple. Miners often work hundreds of feet underground, which can make exiting the area in the event of a fire or emergency a complicated process.Chuck Burns, who for three years was the Health and Safety Manager at Newmont’s Subika underground mine in Ghana, explains that when evacuation isn’t an immediate option, there is an alternative – a mine refuge chamber.“Emergency preparedness and response is an integral part of Newmont’s safety management systems,” says Burns. “In an underground environment, it is paramount that our emergency plans address the hazards associated with fires and other incidents that can result in irrespirable atmospheres, or situations in which miners can’t breathe without the...
Posted on July 21, 2014 in Our Business, Our Environment
Recovering and refining gold can be both difficult and costly – particularly when the grade or concentration of gold in a deposit is low. However, even when the concentration of gold is so low that it’s invisible to the naked eye, this precious metal can be recovered safely and economically through chemical processing.The most essential ingredient in chemical processing of gold is cyanide, which, when in the form of a very dilute sodium cyanide solution, dissolves and separates gold from finely crushed rock. Although cyanide can be toxic, what many people don’t know about this chemical is that it is naturally occurring and, in some forms and concentrations, it is nontoxic. In fact, cyanide is produced in the human body and exhaled in extremely low concentrations with each breath. It’s also released into the environment by more than 1,000 plant species.At Newmont...
Posted on July 11, 2014 in Our Communities, Our Values
Earning our social license to operate means effectively engaging with communities to address their concerns and working together to provide meaningful, long-term benefits. Recently, Newmont’s Akyem mine in Ghana and its 10 host communities signed the Newmont Akyem Development Foundation (NAkDeF) Agreement. The Foundation Agreement is the vehicle through which many of Newmont’s social responsibility commitments to our host communities near Akyem will be realized and also documents the structure and management of NAkDeF, its funds and related resources.Sustainable social investments to be funded by the Foundation will include: educational scholarships to secondary, vocational and tertiary training institutions; infrastructural and social amenities; youth development; promotion of culture; business development; and economic empowerment, among others.Newmont will contribute to...
Posted on July 1, 2014 in Our Communities
Our Ahafo mine recently signed revised Ahafo Social Responsibility Forum Agreements with its ten host communities in Ahafo in the Brong-Ahafo region of Ghana.The Ahafo Social Responsibility Forum was established in 2006, with 53 members comprising representatives of traditional leadership, District Assemblies, Community Groups, NGOs and Newmont Ghana, to deliberate on issues of mutual interest to both parties.In 2008, the Forum signed into effect what became known as the Ahafo Social Responsibility Forum Agreements. The agreements covered three thematic areas namely: Employment, Development Foundation and Relationship Agreements. The Employment Agreement spells out guidelines for employing locals within the Ahafo Mine’s host communities; the Foundation Agreement sets out the terms and conditions under which Newmont shall fund the operations of Newmont Ahafo Development Foundation...

Featured Posts

“Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental...
September 18, 2014
The best course of action a person should take during a fire is to evacuate the area. But in an underground mine, it’s not always that simple. Miners often work hundreds of...
August 5, 2014
Our Ahafo mine recently signed revised Ahafo Social Responsibility Forum Agreements with its ten host communities in Ahafo in the Brong-Ahafo region of Ghana.
July 1, 2014
Our Twin Creeks mine in Nevada was recently selected as the winner of the Interstate Mining Compact Commission’s (IMCC) 2014 Reclamation Award in the Noncoal Category for...
June 13, 2014
May 4 through 10 is Ethics Week in the United States, a week when companies focus on the importance of ethical behavior at work.
May 5, 2014