Newmont Cadia Awarded The Copper Mark and The Molybdenum Mark By Investing.com

Responsible mining practices recognized at Australia’s largest underground mine

ORANGE, Australia–(BUSINESS WIRE)–Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced today that its Cadia operation in Orange, New South Wales, Australia, has received the Copper Mark and Molybdenum Mark. announced that it had acquired the The mark was independently assessed and recognized responsible production practices at Australia’s largest underground mine.

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Cadia is Newmont’s first site in the world to receive this award, successfully meeting more than 30 criteria in key areas such as environment, community, human rights and governance.

Newmont’s Cadia Mine is the second largest producer in the country and the third location in Australia to receive the Copper Mark. Cadia is the only mine in Australia producing molybdenum and the only mine to have the Molybdenum Mark, an important mineral used in industry and defence.

Susie Retallack, Newmont’s Chief Safety and Sustainability Officer, said that meeting the growing global demand for copper requires environmental stewardship, social responsibility and the economics of the communities in which the company operates. It said there would be an obligation for sustainability and responsible mining to prioritize development.

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 customers around the world receive copper concentrate from independently assessed mines that meet the highest standards of environmental, social and governance practices and meet the growing demand for sustainable supply chains. It means you can choose to source.

In 2020, Cadia entered into a 15-year Renewable Power Purchase Agreement (PPA) with Tilt Renewables Limited to purchase 55% of the wind farm’s output. Rye Park is now fully operational and supplies approximately half of Cadia’s electricity needs.

Mr Retallack said Cadia’s commitment to communities had seen it invest around A$6 million in the 18 months to December 2023 to support community projects, education and infrastructure.

Copper Mark Executive Director Michelle Brühlhart said: “We congratulate the team at Cadia on becoming the third site in Australia to receive the Copper Mark and the first to receive the Molybdenum Mark.” said. This means approximately 35% of Australia’s copper will be produced at sites that have earned The Copper Mark.

Copper Mark is the leading assurance framework for promoting responsible, sustainable and ethical practices across the copper, molybdenum, nickel and zinc value chain.

Cadia is located approximately 25 kilometers south-southwest of Orange and 250 kilometers west of Sydney in the central-west region of New South Wales (NSW) and forms part of the Cadia East underground mine. The Ridgway Underground Mine is currently under management and maintenance.

About Newmont

Newmont is one of the world’s leading gold companies and a producer of copper, zinc, lead and silver. The company’s world-class portfolio of assets, prospects and talent is based in favorable mining jurisdictions in Australia, Africa, Latin America and the Caribbean, North America and Papua New Guinea. Newmont is the only gold producer listed in the United States 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. The company was founded in 1921 and has been publicly traded since 1925.

At Newmont, we aim to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and efforts, please visit www.newmont.com.

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media contact
Rosalie Kovai
australiacommunications@newmont.com

Investor Contact “Asia Pacific Region”
Natalie Worley
apac.investor.relations@newmont.com

Investor contact information “Global”
neil backhouse
investor.relations@newmont.com

Source: Newmont Co., Ltd.