Newmont Cadia Awarded The Copper Mark and The Molybdenum Mark
27 Ottobre 2024 - 9:00PM
Business Wire
Responsible mining practices recognized at
Australia’s largest underground mine
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM)
today announces its Cadia operation in Orange, NSW (Australia) has
achieved The Copper Mark and The Molybdenum Mark following an
independent assessment, recognising responsible production
practices at Australia’s largest underground mine.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241027446724/en/
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
www.newmont.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241027446724/en/
Media Contact Rosalie Cobai
australiacommunications@newmont.com
Investor Contact – Asia
Pacific Natalie Worley
apac.investor.relations@newmont.com
Investor Contact – Global
Neil Backhouse investor.relations@newmont.com
Grafico Azioni Newmont (NYSE:NEM)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Newmont (NYSE:NEM)
Storico
Da Nov 2023 a Nov 2024
