With the fastest-growing middle class in the world and a population expected to double by 2050, Africa had tremendous potential for growth in the construction, agriculture, mining, power, energy and transportation sectors.
Click here to learn how Caterpillar, our dealers and the Caterpillar Foundation are committed to helping Africa realize its potential by investing in service facilities, logistics facilities, and education and skills development.
Goldcorp is amongst the industry’s leaders in our approach to innovation and responsibility at every stage of the mining cycle and our involvement in the Innovation Superclusters Initiative provides an additional collaborative opportunity to support the industry’s transformation.
As one of the oldest operating mines in Canada, Porcupine Gold Mines (PGM) has been an integral part of the Timmins, Ontario community since 1910. Part of its community commitment includes placing a high priority on water conservation and preservation to reduce its environmental impact.
In recent years, PGM has dramatically reduced its reliance on fresh water from nearby Porcupine Lake, taking important steps forward to reuse process water and help Goldcorp realize its Toward Zero Water vision.
Until relatively recently, the mining industry has been slow to innovate. Now, virtually every area of mining is undergoing a technological upheaval. At the forefront of this transformation in mining are disruptive technologies – ground-breaking concepts that challenge traditional and accepted practices and are shaking up the industry.
Recently completed project will increase profitable gold production and extend mine life
Profitably and responsibly extending our existing operations is one of the ways Newmont creates value and improves lives through sustainable and responsible mining.
In August, we announced that commercial production had begun – safely, on schedule and within budget – at our Tanami Expansion Project in Australia’s Northern Territory. The $120 million capital investment is expected to increase annual gold production at the mine by 80,000 ounces per year, lower all-in sustaining costs and extend mine life by three years.
As Newmont is a multinational business, fraud and corruption present significant risks to our reputation, license to operate and ability to grow.
To address these risks, we have strengthened our global ethics program to better maintain our commitment to integrity and our principles of governance. Over the past year, we expanded our team to include dedicated ethics and compliance managers in those countries where we operate that are at a higher risk of corruption, namely Ghana, Peru and Suriname, as well as Indonesia prior to the divestiture in late 2016 of the Batu Hijau mine.
Investing in the wellbeing of our host communities is part of our mission as a sustainable and responsible mining company. In Ghana, we recently partnered with the Children’s Heart Foundation (CHF) to help save the life of Daniel Darkwa, a three-year-old boy suffering from atrial septal defect and patent ductus arteriosus, a rare condition that creates “holes” in the wall separating the top two chambers of the heart.
A recently published report, coordinated by the Government of Indonesia’s Ministry of Research, Technology and Higher Education, concluded that Newmont’s former Mesel gold mine in North Sulawesi, Indonesia – which ceased production in 2004 – responsibly managed tailings disposal at the operation.
The region of Cajamarca, located in northern Peru, is home to many rural communities whose residents depend on agriculture. From May to October, the region sees little to no rainfall creating drought-like conditions impacting agricultural production and livestock grazing. This annual dry season also impacts life in the City of Cajamarca, where inadequate water infrastructure means many households only have access to running water for a few hours day.
Indonesia continues to chase full electrification and grid stability
Indonesia, a nation of three time zones, thousands of islands and 250 million people, continues to experience major industrial and economic growth. Boasting vast untapped resources that include copper, gold, tin, nickel and coal, the mining sector will continue to play a significant role in the country’s development.