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Posted on June 12, 2013 in Our Business, Our People
At Newmont, the health and safety of our people is far more precious than the metals we mine, which is why we make every effort to ensure the wellbeing of our people, no matter where they are.Above ground, we have team members working in some of the world’s most remote locations exploring for new ore bodies. And in deep, underground mines we have hundreds of workers extracting ore. Whether using modern technology or tried-and-true traditional methods, it is critical that we consistently and accurately monitor their location and welfare at all times.For example, our exploration teams generally work above ground in an “office” environment that can range from dense jungles to frozen tundra. Most often than not, they work far away from any type of infrastructure, including land- and wireless-based communications systems.To stay in contact with our exploration team members...
Posted on June 5, 2013 in Our Business, Our Values
At Newmont, we are committed to making a lasting and positive contribution toward sustainable development through our performance in environmental stewardship and social responsibility programs. Our future success relies on preparing the next generation of business leaders to address sustainability challenges, and we have a long history of partnering with colleges and universities to provide students the opportunity to apply their knowledge in the real world.Earlier this year, through our sponsorship of the 2013 Net Impact Case Competition, hosted by the University of Colorado at Boulder’s Leeds School of Business, Newmont challenged master of business administration (MBA) students from across the U.S. and Canada to address a sustainability challenge while demonstrating financial returns.Specifically, we challenged participants to develop a negotiation strategy for a hypothetical...
Posted on May 22, 2013 in Our Business, Our Values
As a founding member of the International Council on Mining and Metals (ICMM), Newmont takes seriously our responsibility to create shared value and foster sustainable development in the communities where we operate.This month, the ICMM Council of CEOs – which includes Newmont President and CEO Gary Goldberg – approved an ‘Indigenous Peoples and Mining’ position statement.The position statement compliments not only our efforts to develop informed and collaborative approaches to community engagement but also the continuous improvement we have been making as outlined in the lessons learned from the Community Relationships Review.The position statement requires that ICMM member companies will:Respect the rights, interests, special connections to lands and waters, and perspectives of Indigenous Peoples, where mining projects are to be located on lands traditionally...
Posted on April 23, 2013 in Our Business, Our Values
Newmont is committed to promoting sustainable development around the world. Fulfilling this commitment requires ongoing engagement with our host communities and governments to secure their support and create shared value; world class environmental stewardship programs to minimize or mitigate our impacts on land, air quality, water and biodiversity; and continuous improvement in the areas of employee safety and engagement.Each year we publish data on our progress in these areas in our global sustainability report, Beyond the Mine. Using the Global Reporting Initiative (GRI) framework and the AccountAbility 1000 protocol on assurance, Beyond the Mine provides data and case studies on our economic, environmental, social, safety and governance performance.“Being recognized as a leader in social and environmental performance will require Newmont to go beyond compliance and competence...
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 26, 2013 in Our Business
Mining is an industry in which even the smallest changes to operations can result in substantial improvements — to costs, efficiency, production, safety and more. At Newmont, this is what drives the development and implementation of new technologies.“We’re continually challenging ourselves and each other to find ways to improve the business,” explains James Earl, Fleet Management System Superintendent at Newmont’s Boddington operation in Western Australia. “Through innovation, we are making these improvements.”At Boddington, Australia’s largest gold mine, the recent implementation of this new technology has created efficiencies never before imagined in deep, open-pit mining. Developed in partnership with Leica Geosystems Mining Division, a company that specializes in solutions for fleet management and high-precision navigation, and Locata...
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