Now Reading:
Beyond the Mine: Newmont Publishes 2018 Sustainability Report
Full Article 8 minutes read

Beyond the Mine: Newmont Publishes 2018 Sustainability Report

DENVER–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;$NEMlt;/agt;–Newmont
Goldcorp Corporation
(NYSE: NEM and TSX: NGT) (Newmont Goldcorp or
the Company) today announced the publication of Beyond
the Mine
, Newmont’s annual report on environmental, social and
governance performance. Because the report’s scope is for the 2018
calendar year, data and performance for Goldcorp – which combined with
Newmont last week – is not included in the report.

“In 2018, our employees and contractors continued to build on Newmont’s
industry leading environmental, social and governance performance,” said
Elaine Dorward-King, Newmont Goldcorp’s Executive Vice President for
Sustainability and External Relations. “We also identified opportunities
for improvement and the challenges that Newmont and the mining industry
must address if we are to continue meeting the expectations of our
stakeholders and society at large.”

Newmont’s 2018 sustainability highlights include:

  • Conducting the first integrated environmental and social impact
    assessment under an improved approach to free, prior and informed
    consent of indigenous peoples at the Sabajo project near the Merian
    operation in Suriname;
  • Launching a Supplier Risk Management program to significantly improve
    how risks – including corruption, safety, social, environmental, human
    rights and security – are managed throughout the supplier
    relationships lifecycle;
  • Refreshing Newmont’s global inclusion and diversity strategy and
    including metrics to measure inclusion and diversity;
  • Distributing more than $6.5 billion in economic value including $1.4
    billion in wages and benefits, nearly $520 million paid in taxes and
    royalties, and $1.1 billion spent with local suppliers;
  • Partnering with the International Union for Conservation of Nature
    (IUCN) and working together on achieving better biodiversity outcomes
    through a review of the Company’s biodiversity projects in Nevada;
  • Minimizing the risk of catastrophic tailings dam failures by
    strengthening Newmont’s tailings governance framework to include
    reviews of its five high-priority tailings storage facilities by
    independent technical review boards; and
  • Reducing water consumption by six percent (compared to the 2016 base
    year) and maturing Newmont’s water strategy focus toward water

One key area of performance for Newmont is having no workplace
fatalities. Regrettably, in 2018, Newmont experienced seven fatalities –
six colleagues were killed in a tragic accident at the Ahafo Mill
Expansion project in Ghana in April, and another died in November at the
Pete Bajo underground operation in Nevada. To help prevent such events
from happening again, Newmont formalized a global lessons-learned
program where root causes and critical lessons on significant safety
incidents were shared with more than 9,500 employees and contractors. In
addition, lessons were shared with the broader mining industry.

For an unprecedented four years in a row, Newmont was named the mining
sector leader in the Dow Jones Sustainability World Index. Newmont’s
assessment grade in the 2018 CDP (formerly known as the Climate
Disclosure Project) Climate Change report improved to “A-” (up from “B”
in 2017), and Newmont was one of 230 companies named to Bloomberg’s 2019
Gender-Equality Index, achieving a score of 84 out of 100 – above the
Index average of 73.

Beyond the Mine was compiled in accordance with the GRI (formerly the
Global Reporting Initiative) Standards Core option. It also reflects
Newmont’s reporting obligations as a founding member of
the International Council on Mining and Metals 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, as well as a downloadable PDF, is available at

For the latest news and information about Newmont Goldcorp, please
follow us on Twitter,
and LinkedIn.

About Newmont Goldcorp

Newmont Goldcorp is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio of
assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and Africa.
Newmont Goldcorp is the only gold producer listed in the S&P 500 Index
and is widely recognized for its principled environmental, social and
governance practices. The Company is an industry leader in value
creation, supported by robust safety standards, superior execution and
technical proficiency. Newmont Goldcorp was founded in 1921 and has been
publicly traded since 1925.


Media Contact
Omar Jabara 303.837.5114


Jessica Largent 303.837.5484

Leave a Reply

Your email address will not be published. Required fields are marked *

Input your search keywords and press Enter.