Precious and base metals are fundamental to sustainable development around the world. Copper is used in electric and hybrid vehicles and wind turbines; precious metals, such as gold and platinum, make electronics more efficient; and silver is used in the fabrication of solar panels.
In fact, minerals are used in everything from healthcare to transportation, and responsible production of metals is necessary to meet the challenges of sustainable development, including climate change.
Over the last five years, the International Council on Mining and Metals (ICMM) released a series of reports on efforts in the mining industry to help reduce emissions of greenhouse gases. As a founding member of ICMM, Newmont is making good progress towards implementing our own energy and climate change strategy, supported by ICMM’s seven principles for climate change policy design.
One example of Newmont’s progress is a recent study completed at our Boddington mine in Australia where the team installed Blutip engine control technology on three of our Caterpillar 793D haul trucks.
The use of diesel fuel in our heavy equipment and diesel-powered generators account for about one-third of our total greenhouse gas (GHG) emissions. The study results show an average fuel burn savings of 5.8% over a 13 week timeframe and a GHG emission reduction of 102 tonnes per year (tpy) for each 793D haul truck. With installation of Blutip technology in all 322 793D haul trucks in Newmont’s fleet, this solution has the potential to reduce our annual GHG emissions of 33,000 tpy (2% of our total annual GHG emissions from diesel fuel).
For decades, Newmont has mined ore deposits in some of the world’s most challenging environments and ecosystems. Sensitive ecosystems require that companies employ comprehensive and thoughtful engineering strategies to mitigate and minimize their mining impacts, while using resources efficiently. These strategies also serve as a framework for managing the impacts of a changing climate, as highlighted in ICMM’s report “Adapting to a changing climate: implications for the mining and metals industry“: “Since mining and metals companies already manage extremes in shorter-term weather patterns, responses to long-term changes in the climate of a given region can build on conventional approaches to risk management and planning.”
In addition to developing a forward-looking energy and climate change strategy, Newmont has been a participant in the CDP’s annual questionnaire related to greenhouse gas emissions since 2007 and in its Global Water Report since 2012. In 2014, we implemented our global water strategy to provide water management direction to all Newmont mines and projects, better linking the technical and operational aspects of water management with our long-term strategy and social responsibility objectives.
Newmont is committed to helping lead the mining industry’s approach to responsibly managing greenhouse gases. Learn more about Newmont’s sustainability strategies by going Beyond the Mine.