Energy & Climate Change: Newmont’s Carbon Offset and Emissions Reduction Projects

In this third blog in our series on climate change, we’re looking at greenhouse gas (GHG) emissions management – one of the focus areas within Newmont’s Energy and Climate Change program.

In July 2017, Newmont’s executive leadership team approved a new GHG intensity reduction target of 16.5 percent by the end of 2020. We have achieved a 12 percent reduction to date, largely through our full potential program and programs such as the Blutip SmartRControl. This fuel savings technology measures fuel consumption using high-precision meters and optimizes engine characteristics in real time to maximize fuel savings and reduce emissions. At our Boddington mine in Australia, this technology helped to decrease haul truck diesel consumption up to five percent in 2015 pilot studies of three haul trucks. Boddington now has 33 haul trucks fitted with Blutip SmartRControl and several other Newmont sites are moving ahead with the technology.

Newmont’s carbon-offset forestation projects are another way that we are managing our emissions impact.

In Australia, a carbon farming initiative, started in 2012, has yielded positive results in the abatement of GHG. Under contract with Newmont, CO2 Australia is managing and maintaining the Darriwell and Darbeau mallee tree plantations for carbon sequestration – a process by which carbon dioxide is absorbed by trees, litter and fallen wood. Each Australian Carbon Credit Unit (ACCU) issued represents one tonne of carbon dioxide equivalent stored. Since starting the program, Newmont has been issued 18,140 ACCUs.

A similar project in Peru is helping improve the salinity of soil, mitigate Yanacocha’s GHG emissions and increase biodiversity for future generations. Newmont’s Yanacocha mine has worked to reforest more than 1,400 hectares of land, planting native vegetation on land in the Yanacocha and Conga forestry areas, as well as on land that was once used for mining activities. It is estimated that in 40 years time, more than 1 million tonnes of CO2 will be absorbed by the vegetation that grows at Yanacocha.

A great deal of time, resources and stakeholder engagement must go into successful carbon-offset projects. Initiatives like the ones in Australia and Peru require strong public-private collaboration and ongoing dialogues with local communities. As part of our commitment to serve as responsible stewards of the environment, we will continue to seek out partnerships that advance our Energy and Climate Change program toward achieving our purpose of creating value and improving lives through sustainable and responsible mining.

To learn more about how we are working with local communities to advance our environmental stewardship, visit Beyond the Mine, our sustainability report.