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Business News of Monday, 12 September 2016

Source: classfmonline.com

Newmont tops Dow Jones Sustainability World Index

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For the second year in a row, Newmont Mining Corporation (NYSE: NEM) has been ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industry’s overall leader in sustainability.

Newmont’s inclusion on the index also marked the 10th consecutive year the company has been selected for the DJSI World. This year, the DJSI World – one of the most highly regarded sustainability indices – included 316 global companies identified as leaders in the areas of sustainable economic, environmental and social performance.

Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

“We’re honoured that our economic, environmental and social performance was recognised as the best in the mining sector by the Dow Jones Sustainability World Index for the second year running. This performance reflects our team’s deep commitment to sustainability and continuous improvement,” said Gary Goldberg, President and Chief Executive Officer. “Our focus on creating value and improving lives through sustainable and responsible mining translates into safe working conditions and good jobs for employees; sustainable economic development for our host communities; and strong returns and prospects for our shareholders and other stakeholders.”

In addition to being ranked the overall industry leader in the mining sector, Newmont received the highest score (100th percentile) in a number of areas including Occupational Health and Safety, Risk and Crisis Management; Climate Strategy; Environmental Policy and Management Systems; Water-related Risks; Asset Closure Management; and Corporate Citizenship and Philanthropy.

DJSI World tracks the performance of 2,500 leading companies worldwide, independently evaluating their long-term economic, environmental and social performance. The top 10 percent of performers are selected from among each industry group. DJSI evaluates companies based on a variety of criteria, including transparency, corporate governance, risk and crisis management, environmental management and performance, climate strategy, water risks, stakeholder engagement, local community development, labour practices, human rights and safety.

About Newmont

Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru, Indonesia and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015 and 2016. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.