Beginning with geologic exploration, our success is tied to our ability to develop, operate and close mines in a manner that provides long-term value. Long-term value has evolved into a broad set of concepts that are now referred to as sustainable development or sustainability. Throughout this report, the terms are used interchangeably.
Sustainability can be summarized in three key principles: First, benefits of economic activity must be considered in relation to their respective social and environmental consequences; second, in using resources, we must consider the needs and expectations of future generations; and third, government, business and other segments of civil society must act together to balance these needs.
By maintaining high standards for protecting human health and the environment, and working in cooperation with our host communities and governments, we endeavor to create sustainable, long-term economic and social opportunities.
In this section of our 2006 report, we provide an overview of
our management systems and our approach to
managing for sustainability. This section also provides an overview of Newmont, including
our operating locations,
policies and programs. We share examples drawn from our activities around the globe that are the real manifestation of our drive toward sustainable development.