Newmont Recognizes 2014 Suppliers of the Year
DENVER, October 20, 2014 – Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) recognized four Suppliers of the Year from among its global network of more than 15,000 for outstanding performance across cost, quality, safety and sustainability criteria.
“Our global supplier network plays a critical role in supporting our strategy to continuously improve our safety performance, technical fundamentals and cost profile,” said Scott Lawson, Newmont’s Senior Vice President, Technical Services. “Each year we recognize suppliers who differentiate themselves through the cost, quality and reliability of their goods and services; and through outstanding safety, economic, social and environmental performance.”
Among the accomplishments of Newmont’s 2014 Suppliers of the Year:
· In Africa, Liebherr , a supplier of heavy mobile mining equipment; helped drive lower costs, maintained an incident-free safety record for three years running; and worked closely with Newmont to supply equipment and parts more efficiently. Liebherr also partnered with the Newmont Ahafo Development Foundation (NADeF) to provide scholarship opportunities to local community members.
· In Australia, Toll , a provider of transportation, logistics and freight consolidation services, delivered sustainable cost reductions, efficiency improvements and engaged with government to drive chain of responsibility legislation designed to improve road safety in Western Australia.
· In North America, Mill Direct Services (MDS), a supplier of steel mill liners, worked closely with Newmont to extend the life of mill liners; improve safety during liner installations; recycle old liners; and make inventory processes more efficient.
· In South America, Exsa S.A ., a supplier of explosives and blasting services for Yanacocha, exceeded safety targets and introduced new technologies and alternative products to significantly improve costs. Exsa S.A. also partners with Yanacocha on a number of social responsibility programs in the Cajamarca region.
Newmont is improving technical standards and practices across the business – from resource modeling and mining, to processing and asset management. The Company realized about $1 billion in sustainable cost and efficiency improvements in 2013, and another $454 million in savings through the first half of 2014, while maintaining steady gold production and industry leading safety performance.
Founded in 1921 and publicly traded since 1925, Newmont is a leading producer of gold and copper. Headquartered in Colorado, the Company has approximately 29,000 employees and contractors, with the majority working at managed operations in the United States, Australia, New Zealand, Peru, Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont is an industry leader in value creation, supported by its leading technical, environmental, and health and safety performance.
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