Significant Awards & Recognition
Newmont views awards and recognitions as a means of gauging our progress on issues related to the environment, community relationships, community investment, and other company values.
To that end, we've included a list of key awards received by the company during 2010. However, it's equally important and beneficial that we note instances where opportunities for improvement have been identified. A specific example of an identified opportunity for improvement relates to our operation in Ghana.
During 2010, the Ghana Environmental Protection Agency (EPA) publicly disclosed 2009 environmental and social performance scores according to a new system (AKOBEN) developed to encourage improved performance in the mining and manufacturing sectors. Although we received a strong overall score, we received an overall "Red" rating in the AKOBEN environmental rating and disclosure program. (In contrast, our operations in Indonesia received a respected "Green" rating in Indonesia, outlined below.)
Overall, the environmental and social performance of the Ahafo mine were strong, with a score of 82.77 percent; however, the Ahafo mine received an automatic "Red" rating due to an accidental process solution overflow which occurred in October 2009 and was publicly reported by the company. Following the accidental overflow, Newmont put in place necessary corrective measures and finalized payment of compensation of $4.9 million to the Government of Ghana in April 2010.
According to the Ministerial Panel appointed by the Minister of Environment, Science & Technology, 45% of the compensation will be used to meet some development needs of the affected communities, 40% will be paid to the Environmental Protection Agency and the remaining 15% goes to the Inspectorate Division of the Minerals Commission.
We won't win every award or receive the highest rating in each evaluation, but we use these opportunities to examine areas for opportunity and improvement in our operations.
Back to top of page
To that end, we've included a list of key awards received by the company during 2010. However, it's equally important and beneficial that we note instances where opportunities for improvement have been identified. A specific example of an identified opportunity for improvement relates to our operation in Ghana.
During 2010, the Ghana Environmental Protection Agency (EPA) publicly disclosed 2009 environmental and social performance scores according to a new system (AKOBEN) developed to encourage improved performance in the mining and manufacturing sectors. Although we received a strong overall score, we received an overall "Red" rating in the AKOBEN environmental rating and disclosure program. (In contrast, our operations in Indonesia received a respected "Green" rating in Indonesia, outlined below.)
Overall, the environmental and social performance of the Ahafo mine were strong, with a score of 82.77 percent; however, the Ahafo mine received an automatic "Red" rating due to an accidental process solution overflow which occurred in October 2009 and was publicly reported by the company. Following the accidental overflow, Newmont put in place necessary corrective measures and finalized payment of compensation of $4.9 million to the Government of Ghana in April 2010.
According to the Ministerial Panel appointed by the Minister of Environment, Science & Technology, 45% of the compensation will be used to meet some development needs of the affected communities, 40% will be paid to the Environmental Protection Agency and the remaining 15% goes to the Inspectorate Division of the Minerals Commission.
We won't win every award or receive the highest rating in each evaluation, but we use these opportunities to examine areas for opportunity and improvement in our operations.
| Awards and Honors | |
|---|---|
| Dow-Jones Sustainability Index - World. | The Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide. The DJSI World Index captures the leading 10 percent in terms of sustainability out of the largest 2,500. |
| Batu Hijau received the Aditama Award from Department of Energy & Mineral Resources (DEMR) of Indonesia for its performance in environmental programs. | This program is conducted and managed by the Ministry of Environment to evaluate the performance of environmental management systems of companies operating in Indonesia. The green rating is the second-best performance from five ratings. |
| Yanacocha placed 1st in the Environmental category for the project: "Extension and Improvement of Comprehensive Solid Waste Management in Cajamarca District - from the mining operation to the community" issued by Expomina 2009. | Expomina is a premier mining exposition held annually in Lima, Peru. This award is recognition of good work from Yanacocha, this time on an environmental level, while respecting its commitments to its community and promoting environmental stewardship. |
| Hope Bay Mining Limited was recognized by the NWT and Nunavut Chamber of Mines with the awarding of the Murray Pyke Memorial Award. | This award is granted to a northern mining company for its contributions to economic and social development in the north. This award acknowledges HBML efforts to involve Kitikmeot communities in its operations, including strong efforts to communicate and consult with Inuit. |
| Newmont's Ahafo Linkages Program won two corporate and one employee awards at the Chartered Institute of Purchasing & Supply's Procurement Awards for Africa. | Newmont Ghana received the Best Community Procurement (for using procurement for social and economic enhancement) and Best Supplier Diversity Project Awards (for demonstrating how Newmont Ghana had addressed the use of local suppliers and engaged them in supplier development programs). |
| Newmont Ghana received the 2010 GBC Business Excellence Award: Workplace for combating HIV/AIDS from the Global Business Coalition. | Newmont Ghana was honored for its comprehensive, workforce-focused program, which includes voluntary counseling and testing services, as well as a peer educator initiative. |
| Corporate Responsibility magazine recognized Newmont on its annual list of 100 Best Corporate Citizens. | The list is based on more than 360 data points of publicly available information in seven categories: environment, climate change, human rights, philanthropy, employee relations, financial performance and governance. |
| Peru's Ministry of the Environment honored Minera Yanacocha with the 2010 Business Eco-efficiency Award. The site was also honored for outstanding water management in receiving the III Social and Environmental Responsibility Prize at the ExpoMINA Peru 2010 Conference. | The awards were given in recognition of Yanacocha's development of responsible water management programs that have increased local farm productivity. |
| Newmont was among the leading North American companies honored in 2010 by The Climate Registry for achieving "Climate Registered" status. | TCR is a rigorous program that requires participating companies to measure their carbon footprint, verify the findings with an independent third party and publicly report the results. |
| Newmont was featured in the Carbon Disclosure Project's "Carbon Disclosure Leadership Index." | The index highlights the constituent companies within the S&P 500 Index which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. |
| Newmont Asia Pacific won three awards: the prestigious Diggers Award at the 2010 Diggers and Dealers Conference; the Engineering Excellence Awards; and the Australian Event Awards. | Newmont Asia Pacific received awards for excellence in engineering, development of the Boddington Gold Mine and the official site opening event. |
| Newmont was invited to join the UN Global Compact LEAD program. | The invitation to join the exclusive leadership platform shows Newmont's commitment to take sustainability leadership to the next level and implement the Blueprint for Corporate Sustainability Leadership. |
| Newmont is proud to report that we achieved ISO 14001 certification at all our operating sites except Boddington, which was in its first full year of operations. | In 2007, Newmont adopted ISO's Environmental Standard 14001 and Occupational Health and Safety Advisory Services (OHSAS) 18001 as standards for certification at our operations. |
| Newmont received the 2010 Secretary of Defense Employer Support Freedom Award. | The Freedom Award is the highest recognition the U.S. government gives to employers for outstanding support of employees who serve in the Guard and Reserve. Newmont was one of only 15 employers to receive the award in 2010. |
| Newmont's Twin Creeks Mine won the Nevada Excellence in Mine Reclamation Award for 2010. | Newmont won the Concurrent Reclamation category award for the reclamation of the mine's west pit, which was filled and converted to a boulder-covered ridge. The awards are a cooperative effort of the Nevada Division of Minerals, Nevada Division of Environmental Protection, Nevada Division of Wildlife, the U.S. Bureau of Land Management and the U.S. Forest Service. |
Back to top of page
