May 17, 2020

Newmont Mining ranked as mining industry leader by Dow Jones Sustainability World Index

Operations
Newmont Mining
Sustainability
Dow Jones
Admin
2 min
Newmont Mining ranked as mining industry leader by Dow Jones Sustainability World Index
Newmont Mining Corporationhas been ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industrys leader in overall sustainabil...

Newmont Mining Corporation has been ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industry’s leader in overall sustainability, marking the ninth consecutive year the company has been included on the index. This year, the DJSI World – one of the most highly regarded sustainability indices – includes 317 global companies identified as leaders in the areas of sustainable economic, environmental and social performance. Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

“We’re honored that our economic, environmental and social performance was recognized as the best in the mining sector by the Dow Jones Sustainability World Index. This performance reflects the heartfelt commitment to sustainability shared by each of our employees.” said Gary Goldberg, president and chief executive officer.

• Related content: 25 mining companies you should follow on social media

“Every day we focus on creating value and improving lives through sustainable and responsible mining. This translates into safe working conditions and good opportunities for employees; sustainable economic development in our host communities; and strong returns and prospects for our shareholders and other stakeholders.”

In addition to being ranked the overall industry leader in the mining sector, Newmont received the highest score in a number of areas including climate strategy; environmental policy/ management systems; corporate citizenship and philanthropy; and labor practices and human rights.

DJSI World tracks the performance of 2,500 leading companies worldwide, independently evaluating their long-term economic, environmental and social performance. The top 10 percent of performers are selected from among each industry group. DJSI evaluates companies based on a variety of criteria, including transparency, corporate governance, risk and crisis management, environmental management and performance, climate strategy, water risks, stakeholder engagement, local community development, labor practices, human rights and safety.

• Related content: Newmont Mining signs three-year agreement for Project C.U.R.E

More information on Newmont's safety, economic, environmental and social performance can be found in the company's annual sustainability report, Beyond the Mine. The report is published as part of Newmont’s ongoing obligations as a founding member of the International Council on Mining and Metals and in accordance with the company’s commitments under the United Nations' Global Compact and the Voluntary Principles on Security and Human Rights.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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