Newmont advances renewable energy projects to combat climate change
Newmont has recently published its 2022 climate report, highlighting its commitment to combat climate change through various projects.
Recognising the significant impact of climate change on the environment and its business, Newmont aims to drive bold actions and innovation in the mining industry to facilitate the transition to a low-carbon economy.
“Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is undeniable,” said Newmont president and chief executive officer Tom Palmer in the company’s recently published 2022 climate report.
The company’s focus on advancing renewable energy projects, implementing zero-emissions mining technologies, exploring carbon sequestration, and collaborating with stakeholders demonstrates its dedication to sustainability and environmental stewardship.
Renewable Energy Projects at Boddington and Tanami Mines
Newmont plans to prioritise renewable energy projects at its Boddington and Tanami mines, located in WA and the NT, respectively.
“We believe that industries that create value — like mining — have a responsibility to drive bold actions and innovation to facilitate the transition to a low-carbon economy,” said Newmont executive vice president and chief strategy and sustainability officer Peter Toth.
By harnessing renewable energy sources, the company aims to reduce emissions by up to 1mt of carbon dioxide equivalent.
This commitment aligns with Newmont’s broader sustainability goals and contributes to the global efforts to mitigate climate change.
As the only mines Newmont currently operates in Australia, Boddington and Tanami present a significant opportunity for the company to showcase sustainable mining practices and lead by example in the region.
Vision Zero Program for Zero-Emissions Mining
Through its Vision Zero program, Newmont has partnered with Caterpillar, a leading equipment manufacturer, to achieve zero emissions in mining operations.
“We have a plan on where we want to be by 2030, and we’re delivering on that,” said Mr Toth.
Launched in 2021, the program focuses on developing and testing zero-emissions battery electric haul systems for both surface and underground mining activities.
By transitioning to electric vehicles and reducing reliance on fossil fuels, Newmont aims to minimise carbon emissions and improve the environmental performance of its operations.
The collaboration with Caterpillar reflects Newmont’s commitment to leveraging partnerships and embracing innovative solutions to drive sustainable mining practices.
Research on Carbon Sequestration in Mine Tailings
Recognising the potential of mine tailings for carbon sequestration, Newmont has partnered with the US National Renewable Energy Laboratory to conduct research in this area.
Mine tailings, the by-product of the mining process, often contain substantial amounts of carbon dioxide.
By exploring techniques to capture and store carbon emissions within these tailings, Newmont aims to reduce its overall carbon footprint and contribute to climate change mitigation efforts.
This research collaboration exemplifies the company’s commitment to finding innovative solutions that can transform mining waste into a valuable environmental asset.
Incorporating Emission Reduction Targets into Contracts
Newmont understands the importance of engaging with its suppliers and customers to achieve its emission reduction targets.
As part of its sustainability efforts, the company plans to survey and collaborate with key suppliers and customers to incorporate emission reduction targets into their contracts.
By aligning sustainability goals throughout the supply chain, Newmont seeks to create a ripple effect that extends beyond its direct operations.
This collaborative approach fosters a shared commitment to reducing emissions and promotes sustainability throughout the mining industry.
Conclusion
Newmont’s 2022 climate report highlights its commitment to combatting climate change and promoting sustainable mining practices.
By advancing renewable energy projects, implementing zero-emissions mining technologies, exploring carbon sequestration in mine tailings, and engaging with stakeholders, the company demonstrates its proactive approach to addressing climate challenges.
With a clear vision for a net-zero future by 2050, Newmont is committed to delivering tangible results while actively seeking innovative solutions to reduce its environmental impact.
Through these initiatives, Newmont sets a positive example for the mining industry, showcasing how responsible mining practices and renewable energy integration can contribute to a low-carbon economy.
