Newmont's Idarado Receives BLM'S National Director's Award
DENVER, September 25, 2006 — The U.S. Department of the Interior's Bureau of Land Management (BLM) awarded Idarado Mining Company, a Newmont subsidiary, its inaugural 2006 Hardrock Mineral Director's Award.
The Department of the Interior created the Award to showcase the finest examples of responsible mineral resource
development in the country. The Award recognizes the implementation of the principles of sustainable development, a
concept adopted by the United States and 192 other countries, to balance environmental, economic, and social
considerations for mining operations. The Idarado team and members of Newmont's corporate Environment and Social Responsibility department accepted the award at a ceremony hosted by the National Mining Association in
Washington, D.C. on September 21, 2006.
Idarado Mining Company, founded in 1939 in the Telluride and Red Mountain mining districts of Colorado's San Juan mountains, produced gold, silver and other metals until it closed in 1979. Idarado worked collaboratively with local communities, state regulators, government officials and other constituencies to develop a reclamation, remediation and preservation plan for the historic mining district. The BLM Award recognizes Idarado's achievements in balancing the interests of all stakeholders, while protecting the environment and creating long-term economic value for the region.
"Newmont's commitment to leadership in environmental stewardship is embodied in Idarado's award from the BLM," said Dave Baker, Vice President, Environment and Social Responsibility. "Idarado's water management and vegetation procedures have become industry standards and have benefited our mining operations worldwide. Idarado's legacy was only possible as a result of the collaboration between the local communities, state and local governments and the private sector, all working toward the common goal of providing lasting value for the region," Baker said.
Starting in 2000, once the environmental closure and reclamation processes were complete, Idarado began working with the non-profit organization, The Trust for Public Land, to return the majority of its private land back to publiclyowned open space. A portion of Idarado's property was also developed into 37 home sites. The land once owned by Idarado now provides access to hiking, mountain biking, and cross-country skiing trails, as well as an enhanced streamhabitat and future access to ice and rock-climbing destinations.
This is the second consecutive year a Newmont operation has won a BLM award. Newmont's Nevada Operations
received the Hardrock Mineral Community Outreach and Economic Security Award in 2005. For more information onIdarado's programs and award, please refer to Newmont's website at www.newmont.com.
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SOURCE Newmont Mining Corporation