Newmont Unveils 2024 Sustainability Reports: A Commitment to Responsible Mining

Newmont Corporation has released its 2024 Sustainability Report and Taxes & Royalties Contribution Report, showcasing its dedication to environmental, social, and governance (ESG) performance. The reports highlight the company's significant economic contributions and commitment to sustainable mining practices.

Key Takeaways

• Newmont led the mining sector on the Dow Jones Sustainability Index for the ninth consecutive year.
• The company spent $2.6 billion with local suppliers.
• Women hold 33% of senior leadership positions and 50% of the Executive Leadership Team.
• Newmont earned certifications for responsible mining practices at its Cadia site.
• The company reclaimed 192 hectares of land, exceeding its target by 30 hectares.
• A comprehensive safety review was conducted following recent tragic incidents.

Overview of Newmont's Sustainability Efforts

In a statement, Newmont's CEO Tom Palmer emphasized the company's ongoing commitment to sustainability, stating, "In 2024, we continued to strengthen our position as the world’s leading gold company while embedding sustainability across all aspects of our business." He highlighted the importance of responsible operations and the creation of long-term value for stakeholders.

Economic Contributions

Newmont's 2024 Taxes & Royalties Contribution Report revealed substantial economic contributions:

• Total Economic Contributions: $16 billion
  • Taxes and Royalties Paid: $1.9 billion (nearly 12% of total economic value distributed)
  • Community Investments: $69 million in projects and programs

These figures underscore Newmont's role in fostering economic growth in the regions where it operates.

Commitment to Safety and Community

Following a tragic year that saw the loss of five colleagues, Newmont has prioritized safety by conducting a comprehensive review of its safety systems. The company is committed to an "always safe" approach moving forward, aiming to enhance safety protocols and prevent future incidents.

Recognition and Certifications

Newmont's commitment to responsible mining has been recognized through various certifications:

• The Copper Mark and The Molybdenum Mark at Cadia, which signify adherence to responsible mining practices.
• The company has consistently ranked high on the Dow Jones Sustainability Index, reflecting its leadership in ESG practices within the mining sector.

Gender Diversity in Leadership

Newmont is also making strides in gender diversity, with women representing 33% of senior leadership and 50% of the Executive Leadership Team. This commitment to diversity is part of Newmont's broader strategy to foster an inclusive workplace and empower all employees.

Conclusion

Newmont's 2024 Sustainability and Taxes & Royalties Contribution Reports illustrate the company's dedication to sustainable mining practices and its significant economic impact on local communities. As it continues to lead the industry in ESG performance, Newmont remains focused on creating value and improving lives through responsible mining practices.

Sources

• Newmont Publishes 2024 Sustainability and Taxes & Royalties Reports, Junior Mining Network.