Monday 16 November 2020

World’s largest gold miner unveils goal of becoming net zero carbon by 2050

The world’s largest gold miner and producer of copper, silver, and zinc, Newmont Corporation, has unveiled plans to achieve net zero by 2050. 

The company has also committed to reducing greenhouse gas (GHG) emissions by 30% by 2030.

Newmont plans to examine the use of renewable energy projects and microgrid technologies, deploy further energy efficiency measures and support carbon offsets.

The new 2030 target builds upon the company's existing GHG emissions reductions target of 16.5% during a five-year period, concluding in 2020.

Tom Palmer, President and Chief Executive Officer of Newmont, said: "We fundamentally understand the human contribution to climate change and understand we reap what we sow. It is our responsibility to take care of the resources provided to us.

"We take these climate change commitments seriously and make them because our relationship with the planet is absolute. We want a world that is not just sustainable but thriving for generations to come."