Major Mining Company Achieves Prestigious Copper and Molybdenum Marks

Responsible Mining Practices Shine at Australia’s Premier Underground Mine

In the heart of Orange, Australia, Newmont Corporation proudly announces a significant milestone for its Cadia operation in Orange, NSW. This extraordinary achievement involves the attainment of The Copper Mark and The Molybdenum Mark through an extensive independent assessment. These accolades underscore the commitment to responsible production practices at Australia’s largest underground mine.

Key Points:

Cadia marks its place as the first site globally under the Newmont banner to clinch these prestigious awards by meeting over 30 criteria in areas crucial for the environment, community, human rights, and governance, among others.
Notably, Cadia claims the title of the nation’s second-largest producer and becomes the third site in Australia to receive The Copper Mark. Moreover, it stands out as the sole Australian mine producing molybdenum and thus secures The Molybdenum Mark, a critical mineral employed in industry and defense.
Newmont’s Chief Safety and Sustainability Officer, Suzy Retallack, emphasized the critical role of sustainability in meeting the burgeoning global demand for copper. She highlighted the importance of responsible mining practices centered on environmental stewardship, social responsibility, and community engagement.
Retallack expressed deep pride in Cadia’s pioneering status within the copper industry through The Copper Mark. This recognition underscores the company’s unwavering commitment to sustainable production and transparency, laying the foundation for environmentally-conscious and socially responsible global supply chains.
To complement its sustainability efforts, Cadia sealed a 15-year renewable Power Purchase Agreement (PPA) with Tilt Renewables Limited, accounting for 55% of the wind farm’s output. This partnership ensures a sustainable power supply, with Rye Park meeting approximately half of Cadia’s energy needs.
Cadia’s dedication to the community is evident through a substantial investment of nearly $6 million AUS over 18 months until December 2023. These funds support community projects, education initiatives, and essential infrastructure, driving positive change locally.

With immense pride, The Copper Mark’s Executive Director, Michèle Brülhart, lauded Cadia for becoming the third site in Australia to secure The Copper Mark and the trailblazer in receiving The Molybdenum Mark. This achievement signifies a significant leap towards responsible, sustainable, and ethical practices within the copper, molybdenum, nickel, and zinc value chains.

Conclusion:

In conclusion, Newmont’s Cadia operation stands as a shining beacon of responsible mining practices, embodying environmental stewardship, social accountability, and economic prosperity. Through its groundbreaking achievements and unwavering commitment to sustainability, Cadia paves the way for a greener, more ethical future for the mining industry.