DENVER--(BUSINESS WIRE)--
Newmont Mining Corporation (NYSE:NEM) (Newmont or the Company) today
published Beyond
the Mine, the Company’s annual report on its progress toward
achieving its purpose – to create value and improve lives through
sustainable and responsible mining.
“Building a healthier, safer and more environmentally sound and socially
responsible business is embedded in our long-term business strategy and
our values,” said Elaine Dorward-King, Newmont’s Executive Vice
President for Sustainability and External Relations. “Each year, we
transparently report on our progress toward meeting this commitment and
on where we have room for improvement. I am proud of the recognition our
team earned last year from reputable sustainability performance
benchmarks, such as the Dow Jones Sustainability Index, and even more
proud that we continue to push ourselves to do better. Our future goals
to reduce freshwater use, lower greenhouse gas emissions intensity,
achieve gender equality in leadership ranks, and contribute toward the
United Nation’s Sustainable Development Goals demonstrate our desire to
make an even greater, positive impact.”
Newmont’s 2016 sustainability highlights include the following:
-
Experiencing no fatalities at any Newmont site or facility during the
year and reducing the number of serious injuries by 75 percent;
-
Generating $5.8 billion in economic value throughout our operating
regions, including $1.3 billion in wages and benefits, nearly $400
million in taxes and royalties and $16 million in community
investments;
-
Collaborating with federal and state agencies in the United States on
an unprecedented agreement governing our management of more than 1.5
million acres of sagebrush habitat in Nevada;
-
Advancing the Company’s human rights strategy through human rights
impact assessments, a new artisanal and small-scale mining engagement
strategy, and an independent study related to free, prior and informed
consent (FPIC) of indigenous peoples;
-
Implementing a Supplier Code of Conduct that commits suppliers to
ethical, safe, and socially and environmentally responsible conduct;
and
-
Being named, for the second year in a row, the mining industry leader
on the Dow Jones Sustainability World Index (DJSI), and achieving both
Gold Class and Industry Mover distinctions in RobecoSAM’s 2017
Sustainability Yearbook, which is based on the assessment used to
determine the DJSI scores.
The report also discusses challenges Newmont addressed during the past
year including:
-
Maintaining one of the lowest injury rates in the industry but falling
short of the Company’s goal to further reduce injury rates, and
missing targets to increase aboriginal hiring at one site and complete
water management action plans at two others;
-
Publishing the findings of an independent examination of the issues
associated with a complex land dispute between the Company’s Yanacocha
operation and the Chaupe family in Peru; and
-
Updating the reclamation plan for Yanacocha, which resulted in a
significant increase in the Company’s estimated future closure costs.
The report, which was compiled in accordance with the Global Reporting
Initiative’s G4 Core option and independently assured, reflects
Newmont’s reporting obligations as a founding member of
the International Council on Mining and Metals (ICMM) and as an early
adopter of the UN Guiding Principles Reporting Framework, the first
comprehensive guide for reporting on human rights risks.
The full report is available at www.beyondthemine.com.
Newmont values feedback on the report and the Company’s sustainability
performance, and invites readers to complete a confidential online survey.
For the latest news and information about Newmont, please follow us on Twitter,
Facebook,
LinkedIn
and Google+.
About Newmont
Newmont is a leading gold and copper producer. The Company’s operations
are primarily in the United States, Australia, Ghana, Peru and Suriname.
Newmont is the only gold producer listed in the S&P 500 Index and was
named the mining industry leader by the Dow Jones Sustainability World
Index in 2015 and 2016. The Company is an industry leader in value
creation, supported by its leading technical, environmental, social and
safety performance. Newmont was founded in 1921 and has been publicly
traded since 1925.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170404005564/en/
Source: Newmont Mining Corporation