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Managing Environmental Risks to Create Long-Term Value

Fulfilling our purpose – to create value and improve lives through sustainable and responsible mining – requires that we effectively minimize and manage the impacts that our business has on the environment.

Water, biodiversity, energy use, air emissions, and waste management are among the environmental issues that are becoming increasingly complex and important to our business and stakeholders. Finding more environmentally friendly ways to develop mineral resources and seeking opportunities to create long-term benefits for host communities are central to our approach.

Using precious resources wisely

Our operations are water and energy intensive – two resources under pressure due to higher demand and impacts from climate change.

To improve how we manage these vital resources, in 2015, we took two important steps:

  • We implemented a global water strategy, and during the year all sites implemented Water Accounting Frameworks (WAF). The WAFs helped sites more routinely track and accurately report water use and performance, and also formed the foundation to support future water efficiency projects and quantitative targets.
  • We began development on a global energy and climate change strategy. Among the objectives of the strategy are to ensure energy security at our operations, reduce our carbon footprint and achieve sustainable energy efficiency improvements.

Reducing impacts from waste and emissions

Mining and processing activities generate mineral and non-mineral waste and release air emissions, including greenhouse gases (GHG).

Our commitment to managing and mitigating the impact of these wastes and emissions in 2015 include eliminating atmospheric stack emissions with the decommissioning of the Gidji roaster at KCGM in Australia and conducting a detailed review of our tailings management practices.

Partnering on solutions

We recognize the role partnerships play in finding systemic solutions to complex environmental challenges and delivering mutual value to host communities.

In 2015, we engaged with the government of Ghana to address energy security issues. In addition, we were among the companies, landowners, conservation groups, and local, state and federal agencies that worked together on a landscape-level conservation plan for sagebrush-dependent species across Nevada and other western U.S. states. And, more recently, we took a leadership role in the Cross-Sector Biodiversity Initiative (CSBI), a partnership among the mining, oil and gas, and banking industries to develop and share biodiversity and ecosystem services best practices.

Discover more about our approach, performance and future commitments toward achieving environmentally sustainable and responsible mining in the Environmental Stewardship section of Beyond the Mine. For ongoing Newmont updates follow us on Facebook, LinkedIn and Twitter.

 

Tags : Corporate, Environment

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