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Posted on April 9, 2013 in Our Business, Our Communities, Our Environment
What does sustainable development mean in the mining industry? At Newmont, we define it as managing resources in a way that provides shared value for all of our stakeholders without impairing the ability of future generations to benefit from those resources.While we are continually improving our own sustainability practices, we also voluntarily participate in a number of external global initiatives and partnerships that are raising the bar for environmental, social, safety, and ethical performance across the mining industry. One such organization is the International Council on Mining and Metals (ICMM).In 1998, Newmont and other leading mining companies and NGOs launched the Mining, Minerals and Sustainable Development project, aimed at ensuring mining’s long-term contribution to sustainable development. By 2001, interest and participation in sustainable mining practices grew and...
Posted on March 22, 2013 in Our Environment, Our Values
Every year since 1993, the United Nations (UN) marks March 22 as World Water Day to raise awareness on the importance of managing sustainable freshwater resources.At Newmont, we recognize that our operations have the potential to impact water, and we take our obligation and responsibility to protect water quality and availability very seriously. As demand for water increases around the globe, responsible water management becomes an even more important area of focus for Newmont. Water is vital to the communities and ecosystems, and we work to protect and enhance water access and quality to these communities.Newmont is committed to responsibly managing our water use through:Increasing conservation and re-use – around half of the total water used in our operations is treated and returned to the environment and the other half is recycled. Using non-potable (e.g. salt water) when...
Posted on November 8, 2012 in Our Environment
At Newmont, we often discuss what we need to do to keep our company strong – not just for the next few years, but for generations to come. Inevitably, we return to this fact: our viability as a business depends on our ability to develop, operate and close mines in a manner that provides shared value for the company as well as for the communities that host our mining operations.It is essential for Newmont to deliver strong financial returns on our investments. We can only achieve this shared value by:Creating and maintaining high standards of performance for protecting the environment;Safeguarding the health, human rights and well-being of our employees and communities; and,Creating sustainable, long-term economic and social opportunities in the areas where we operate.The story of environmental and social responsibility (ESR) at Newmont is one of innovation, evolution and a...
Posted on September 28, 2012 in Our Communities, Our Environment
While mining is the core of Newmont’s business in the North American region, our presence in Nevada extends beyond the traditional mine site. Newmont also owns the TS Ranch in Dunphy, Nevada. At the ranch, Newmont plays the role of cattle and sheep rancher, hay farmer, land steward and conservationist.The TS Ranch is home to about 5,000 head of cattle, 2,000 head of sheep and 100 horses. In addition to livestock, Newmont grows dairy grade alfalfa hay that is nurtured by de-watering efforts in our mines along the Carlin Trend.The TS Ranch also attracts free-range antelope that frequent our hay fields in Boulder Valley. To ensure that the herd size does not grow too large and overrun its food source, each year the Nevada Department of Wildlife issues a limited number of hunting tags, which are required to hunt big game in Nevada.Hunting is engrained in Nevada’s culture and the...
Posted on June 28, 2012 in Our Environment
Our Indonesian joint venture, PT Newmont Nusa Tenggara (PTNNT), was recently honored as “The Best Mining Company in Environmental Compliance” by Majalah Tambang, one of the most influential and respected mining magazines in Indonesia. This prestigious award recognizes PTNNT’s outstanding environmental management at our Batu Hijau mine. Nominees are evaluated by government officials, journalists, and representatives from non-government organizations (NGOs).PTNNT not only was recognized as “The Best Mining Company in Environmental Compliance,” but also was a nominee in two other categories: “Best Mining Practice and Good Governance” and “Best in Implementing CSR (corporate social responsibility).”PTNNT operates the Batu Hijau mine, which is a large copper and gold deposit in Indonesia that Newmont discovered in 1990. In 2011, Batu Hijau produced 283 million pounds of copper and 318,000...
Posted on May 2, 2012 in Our Business, Our Communities, Our Environment, Our People, Our Values
Earlier this week we introduced our annual sustainability report, Beyond the Mine, discussing the importance of transparency in our environmental and social responsibility programs.While we measure the success of these programs by the acceptance and trust of the communities where we operate, we appreciate when our efforts are acknowledged by notable independent organizations. Corporate Responsibility Magazine recently named Newmont to its “100 Best Corporate Citizens List” for the fourth year in a row. Ranked No. 42, we are one of only two mining companies in the top 50.The “100 Best Corporate Citizens List” uses publically available information to evaluate 1,000 leading U.S. companies in performance areas such as environment, climate change, human rights, employee relations, corporate governance, philanthropy and finance.At Newmont, we know that we wouldn’t be able to achieve this...
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