Newmont Mining Corp (NYSE:NEM) Becomes the Leading Sustainable Mining Company

Newmont Mining Corp (NYSE:NEM) has been bestowed upon with the prestigious honor of being titled as the industry leader by “Dow Jones Sustainability World Index”. This was the ninth time, in a row, that the company made it to the prestigious list. The list included a total of 317 companies, from around the world. Furthermore, the company is reported to be working on the development of an asset management group. This in turn would give Newmont an opportunity to define the standards of asset management in the mining sector.

The DJSI assesses the economic, environmental and social sectors of a company for sustainability. The CEO of Newmont, Gary Goldberg, expressed great honor at being listed on the index. He further stated that his company was committed to responsible mining, so as to improve the lives of others.

Bryon Hammond, the manager for Newmont’s Asset Health and reliability in North America, stated that the new group would operate region wide and would work as a support group for the different mining sites in the region. He further added that the group would be responsible for all aspects from acquiring an asset to disposing it. He clarified that the new group was made to improve efficiency in the country.

The main problem that Newmont faces in terms of asset management is that it is done differently at each of its offices around the globe. This tends to make things difficult to sort out at the central level. However, forming a group within the company and allowing it to highlight the rules and regulations to be followed in the process, tends to make things very simple. Furthermore, the company also understands that standardized management at particular sites is quite difficult, which is why the standards would apply only to regional levels.

Newmont Mining Corp (NYSE:NEM) experienced trade volumes of 6.66 million shares during the September 15 session. The stock experienced a spike in its share value of 0.47% by the end of the session to close at $15.97.

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