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.
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.
Newmont Named Industry Leader by Dow Jones Sustainability World Index
For an unprecedented three years in a row, Newmont was named by the prestigious Dow Jones Sustainability World Index (DJSI World) as the mining industry’s overall leader in sustainability. Newmont’s inclusion on the index also marked the 11th year running we have been selected for the DJSI World.
Newmont Works with Spokane Tribe throughout Reclamation Process
Multimedia with summary
In 1954, two brothers, who were members of the Spokane Tribe of Indians (STOI), discovered uranium on the Spokane Indian Reservation in the state of Washington. After the discovery, the brothers and other members of the tribe created Midnite Mines, Inc., which joined with Newmont to operate the Midnite uranium mine from 1954 to 1981. The mine’s closure was followed by decades of regulatory and legal actions regarding cleanup of the closed mine. However, in 2015, the U.S.
Newmont's Commitment to Transparency and Stewardship
In recognition of World Water Week and its theme, “Water and Waste: Reduce and Reuse”, we are highlighting Newmont’s commitment to transparency as it relates to the Company’s global water strategy. This is the first in a series of blogs on Newmont’s water performance.