Newmont's Cadia: A Beacon of Responsible Mining

Newmont Corporation's Cadia operation in Orange, New South Wales, Australia, has recently been awarded The Copper Mark and The Molybdenum Mark, recognizing its commitment to responsible mining practices. This achievement, following an independent assessment, confirms Cadia's adherence to over 30 stringent criteria in key areas such as environmental management, community engagement, human rights, and governance.

As Australia's largest underground mine and the nation's second-largest copper producer, Cadia's recognition allows global customers to source copper concentrate from a mine that complies with the highest environmental, social, and governance (ESG) standards. This certification highlights Newmont's dedication to sustainability and responsible mining, which prioritizes environmental stewardship, social responsibility, and economic development for the communities in which it operates.

The recognition of Cadia enables Newmont to attract socially conscious investors, as it demonstrates the company's commitment to ethical mining practices. This achievement also enhances Newmont's reputation and brand value in the global mining industry, solidifying its status as a leader in responsible mining. Furthermore, the certification helps Newmont attract and retain talent in the mining sector, as it signals a commitment to sustainability and ethical practices.

Cadia's commitment to renewable energy further enhances its sustainability efforts. Since entering into a 15-year renewable Power Purchase Agreement (PPA) in 2020, Cadia has secured approximately half of its energy needs from the Rye Park wind farm. This has not only reduced the mine's operational costs and improved profitability but has also significantly lowered its overall carbon footprint and enhanced its ESG ratings.

The renewable energy source at Cadia offers long-term financial benefits for Newmont's investors, as it reduces energy costs and mitigates the risks associated with volatile fossil fuel prices. Additionally, the mine's commitment to sustainability and responsible mining practices enhances its competitive position in the industry, as it aligns with the growing demand for ethically sourced minerals.

In conclusion, Newmont's Cadia operation serves as a beacon of responsible mining, demonstrating the company's commitment to sustainability, ethical practices, and community engagement. The recognition of The Copper Mark and The Molybdenum Mark, along with the mine's commitment to renewable energy, positions Cadia as a leader in the global mining industry and a strong investment opportunity for socially conscious investors.