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.
In 2015, more than 130 heads of state at the United Nations (UN) Summit on Sustainable Development adopted 17 sustainable development goals (SDGs) that aim to end poverty, protect the environment and promote prosperity by 2030.
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.
Newmont works to continually improve how we manage impacts from our activities on biodiversity and related ecosystems. This includes defined strategies for protecting water, air, soil and food sources on which both our operations and nearby communities rely. At our Akyem mine in Ghana, a fresh water dam constructed to support production activities is helping to replenish populations of a migratory water bird and support a healthy ecosystem in the region.
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
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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.