NEM Newmont Corporation

Newmont Cadia Awarded The Copper Mark and The Molybdenum Mark

(NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announces its Cadia operation in Orange, NSW (Australia) has achieved and following an independent assessment, recognising responsible production practices at Australia’s largest underground mine.

This press release features multimedia. View the full release here:

Cadia operations, Orange, New South Wales, Australia. (Photo: Business Wire)

Cadia operations, Orange, New South Wales, Australia. (Photo: Business Wire)

Cadia is Newmont’s first site globally to receive the award after successfully meeting more than 30 criteria needed in critical areas including environment, community, human rights and governance, amongst others.

Newmont’s Cadia mine is the nation’s second largest copper producer and the third site in Australia to receive The Copper Mark. Cadia is the only operating mine producing molybdenum in Australia and thus the only mine to receive The Molybdenum Mark, a critical mineral used in industry and defense.

Newmont Chief Safety and Sustainability Officer Suzy Retallack said, “Meeting growing global demand for copper brings an obligation to sustainability and responsible mining which prioritises environmental stewardship, social responsibility and economic development for the communities in which we operate.”

“We take great pride in being at the forefront of the copper industry with The Copper Mark, which highlights our dedication to responsible production and transparency,” she said.

“This means our global customers can now choose to source copper concentrate from an independently evaluated mine that meets the highest standards in environmental, social, and governance practices, responding to the increasing demand for sustainable supply chains.”

In 2020, Cadia entered into a 15-year renewable Power Purchase Agreement (PPA) with Tilt Renewables Limited to buy 55% of the wind farm’s output. Now fully operational, Rye Park is supplying approximately half of Cadia’s power needs.

“Cadia’s commitment to the community supported an investment of almost $6 million AUS in the 18 months to December 2023 to support community projects, education and infrastructure,” Retallack said.

The Copper Mark’s Executive Director Michèle Brülhart said, “Congratulations to the team of Cadia for being the third site in Australia to achieve The Copper Mark and the first site to get The Molybdenum Mark. With this, about 35% of Australia’s copper is produced at sites that have obtained The Copper Mark.”

The Copper Mark is the leading assurance framework to promote responsible, sustainable and ethical practices across the copper, molybdenum, nickel and zinc value chains.

Cadia is located approximately 16 miles (25 kilometres) south-southwest of Orange in Central West New South Wales (NSW) and 250 kilometres west of Sydney, and comprises the Cadia East underground mine, which is one of the largest gold and copper deposits in the world, and Ridgeway Underground Mine, currently in care and maintenance.

About Newmont

Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Australia, Africa, Latin America & Caribbean, North America, and Papua New Guinea. 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. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to .

EN
27/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Newmont Corporation

 PRESS RELEASE

Newmont Announces Sale of Musselwhite for up to $850 Million

DENVER--(BUSINESS WIRE)-- (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) announced today that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd (“Orla”) for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million1 in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied.2 Upon closing the announced transactions, Newmont will have surpassed i...

 PRESS RELEASE

Newmont Files Early Warning Report

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (together with its affiliates, “Newmont” or the “Company”) announced today that Newcrest Canada Holdings Inc. (the “Vendor”), a wholly-owned subsidiary of Newmont, sold all 14,674,056 common shares of Azucar Minerals Ltd. (“Azucar”) held by the Vendor to Almadex Minerals Ltd. (“Almadex”) and certain directors and officers of Azucar (collectively with Almadex, the “Purchasers”), for an aggregate purchase price of $220,110.84, being $0.015 per share (the “Transaction”). The Transaction was completed pursuant...

Newmont Corp: 2 directors

Two Directors at Newmont Corp sold 16,000 shares at 45.450USD. The significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

Newmont Receives First Battery-Electric Large Mining Truck

DENVER--(BUSINESS WIRE)-- (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont”) today announces the commissioning of its first battery-electric large mining truck at the Cripple Creek and Victor (CC&V) mine in Teller County, Colorado, U.S. The vehicle, dubbed the Early Learner Cat® 793 XE, is an important milestone for Newmont, made possible through its strategic alliance with Caterpillar Inc. This press release features multimedia. View the full release here: "The arrival of the Early Learner Cat 793 XE underscores our ongoing commitment to reducing greenhouse gas (GHG) emissions across ou...

 PRESS RELEASE

Newmont Suriname nommée lauréate du prix du secrétaire d’état des État...

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) a annoncé aujourd’hui que ses opérations au Suriname ont reçu le prix du Secrétaire d’état des États-Unis d’Amérique pour l’Excellence d’entreprise dans la catégorie « Climate Resilience » (Résilience climatique). Ce prix met en évidence le rôle crucial de Newmont dans le développement économique du Suriname et l’engagement de la société en faveur de la durabilité et de la responsabilité sociale des entreprises. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : « ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch