Posted on August 12, 2013 in Our Business, Our Communities, Our Environment, Our People, Our Values
Evidence suggests that as far back as prehistoric times people were aware of the minerals that lay beneath the Earth’s surface.Although the science and technology behind mining have evolved over the millennia, the recovery of minerals from the earth remains complex.Depending on the size and location of a mineral deposit, a mining project will advance through a number of different phases and can take as few as 10 or as many as 100 years to complete. Taken together these phases are referred to as the mine lifecycle.Through every phase of mine development, Newmont works to achieve industry-leading environmental performance while creating shared value with the people and communities that host our operations. The following is an overview of the mine lifecycle, including a description of each phase and Newmont’s approach to sustainability.Lifecycle of a MineExploration Phase: Find...
Posted on July 25, 2013 in Our Business, Our Communities, Our Environment
The lifecycle of a mine can span decades and even generations. At Newmont, our work with the local communities begins with exploration and continues well after the mine has closed.PT Newmont Minahasa Raya (PTNMR), our joint venture in Indonesia, provides one example of our efforts to improve economic and community welfare and create a lasting legacy well after our operations end.In 1996, PTNMR began gold mining production at the Mesel Gold Mine in North Sulawesi. All mining and processing activity at Mesel ended in 2004; most closure activities were finished in 2006; and closure monitoring was completed in 2010. Today, PTNMR continues to fulfill a number of obligations under the Contract of Work (CoW) with the Government of Indonesia.In 2012, PTNMR published a case study on our work with local governments and community representatives to develop, operate and close our mine in a manner...
Posted on May 30, 2013 in Our Environment, Our Values
This week a group of anti-mining activists invaded Yanacocha’s Conga property in Peru and attacked the police who were onsite protecting local contract workers and their equipment. This is not the first time police have been physically attacked while trying to ensure the safety of people and equipment from groups invading the Conga property. The contract employees, all from nearby communities, were engaged in preparatory work for reservoir construction and were safely relocated before the unprovoked assault on police.We reiterate our call for protest leaders to embrace good-faith dialogue and renounce violent provocations and vandalism that threaten everyone’s safety and the livelihood of workers from local communities.We remain focused on our “water...
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...
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