Jun 18, 2020

Newmont Ranked Top Miner in 100 Best Corporate Citizens List

Newmont
mining
Press Release
Press Release
2 min
Gold Mining Truck
Newmont Corporation was ranked 13th overall in 3BL Media’s (formerly Corporate Responsibility Magazine’s) 100 Best Corporate Citizens list for 2020...

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) was ranked 13th overall in 3BL Media’s (formerly Corporate Responsibility Magazine’s) 100 Best Corporate Citizens list for 2020, moving up from 20th on last year’s list. Newmont was the sole mining company in the top 20 and one of only two miners to make the 21st annual list.

“Consistently strong environmental, social and governance performance is inextricably linked to delivering superior business results and is a key measure of how well our business is managed overall,” said Tom Palmer, President and Chief Executive Officer. “This recognition is yet another indicator of how deeply sustainability and strong, transparent governance is integrated into our culture.”

3BL Media’s 100 Best Corporate Citizens methodology ranks the 1,000 largest, publicly traded U.S. companies on environmental, social and governance (ESG) transparency and performance. 3BL Media’s partner, ISS ESG, conducts the research and processes the ranking based on publicly available information and data gathered by reputable, third party organizations, including Compustat, CDP, FactSet, GRI, UN Global Compact, and the U.S. EPA.

Newmont’s ESG performance has been recognized by several independent organizations:

  • For the fifth year in a row, Newmont was named the top gold miner in the Dow Jones Sustainability World Index (DJSI) in 2019
  • Newmont was the top mining company in FORTUNE’s 2020 list of the World’s Most Admired Companies
  • Newsweek included Newmont on its first-ever list of America’s Most Responsible Companies for 2020
  • Newmont earned a “B” score from CDP for its 2019 Climate Change and Water Security performance
  • For the second consecutive year, Newmont was included in Bloomberg’s Gender-Equality Index (GEI) in 2020 for its efforts to advance qualified women in the workplace
  • Newmont was added to the Corporate Human Rights Benchmark’s (CHRB) 2019 evaluation and was ranked 12th out of more than 200 companies that were assessed against the CHRB’s human rights performance criteria
  • More information on Newmont’s safety, economic, environmental, social and governance performance can be found in the Company's annual sustainability report, Beyond the Mine.

About Newmont

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
 

Share article

Apr 21, 2021

Rio Tinto’s iron ore output falls 2% year-on-year

RioTinto
ironore
Pilbara
covid-19
2 min
World's biggest iron ore producer reports lower quarterly output due to labour shortages and weather issues
Rio Tinto reported lower quarterly iron ore output as wet weather and labour shortages impacted its mine and port operations in Western Australia.
 
Above average wet weather in the mines and workforce availability disrupted maintenance during the quarter, Rio said, while Tropical Cyclone Seroja impacted operations in April, reports Reuters.

 

Iron Ore
 
Production for the quarter stood at 76.4 million tonnes, down 2% from the same period last year.
 
“You’d have to suggest that its a pretty average result. They have not delivered iron ore into a solid pricing environment,” said David Lennox at Fat Prophets in Sydney.
 
“There’s nothing that they can do about wet weather – it may be that they are going to have to live with changing environmental conditions. What will save them is the fact that they have got higher commodity prices generally, especially iron ore and copper.”
 
The world’s biggest iron ore producer shipped 77.8 million tonnes (mt) of the commodity in the quarter ended March 31, up 7% compared with 72.9 mt last year. It maintained its forecast of shipping between 325mt and 340mt of iron ore in 2021.

 

Pilbara
 
Rio has benefited from strong demand for its higher quality Pilbara blend products due to solid margins at China steelmakers as construction activity and steel demand in the first quarter eclipsed 2020 and 2019 levels.
 
China’s renewed focus on cutting steelmaking emissions will likely restrain steel exports in 2021, supporting margins globally, it said.
 
Copper production fell 16% on year ago levels after covid-19 prevention measures limited labour availability in Escondida in Chile.
 
Its Oyu Tolgoi copper shipments have been impacted by Chinese boarder restrictions due to increased cases of covid-19.
 
“We declared force majeure on shipments from 30 March and continue to work closely with authorities and our customers to manage the risk of supply chain disruptions,” it said.
 
“Rio has resumed cross-border concentrate shipments into China on 15 April however, the situation is very fluid with the covid-19 resurgence in Mongolia.”

Share article

You might also like these articles