Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic
April 04 2024 - 7:06PM
Business Wire
Global Community Support Fund demonstrates
commitment to social responsibility and strengthening community
engagement
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM)
proudly announces the successful completion of the $20 million
Global Community Support Fund (the Fund), established in April 2020
in response to the unprecedented challenges posed by the global
pandemic. The objective of this fund was to provide critical
financial resources to host communities where Newmont operates,
targeting funds to address immediate impacts of the global pandemic
while catalyzing long-term resiliency and future community
development.
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“After almost four years since its launch, we are pleased to
announce the successful closure of the Global Community Support
Fund, which reflects our ongoing commitment to partnering with the
communities where we operate,” said Suzy Retallack, Chief Safety
and Sustainability Officer at Newmont. “The Fund’s impact has been
far-reaching, contributing to the collective efforts of communities
to overcome the challenges posed by the pandemic and innovate for
greater resilience in the future.”
Over the past 3.5 years, Newmont has partnered with more than
420 local governments, medical institutions, charities, and
non-governmental organizations to strategically allocate funds
effectively. The $20 million Fund has been instrumental in
supporting a wide range of initiatives, focused on health, food
security and economic resilience:
- $1.4 million donated to the Regional Hospital of Cajamarca,
providing ventilators, incubators, monitoring equipment, COVID-19
tests and personal protective equipment (PPE).
- $500,000 donation matched by the Colorado Health Foundation
resulting in a $1 million total donation to the Colorado Community
Support Fund to support community health and prevention for
underserved populations in the state.
- $300,000 donated to the American Red Cross Global Disaster
Preparedness Center to support research and local-level grants for
emergency response community resilience.
- $304,000 donated to the Cree Trappers' Association in Quebec to
provide food security to vulnerable people and employment for
traditional harvesters in the nine communities of Eeyou
Istchee.
- $734,000 donated to the Kumasi Centre for Collaborative
Research in Ghana to establish two new laboratories in the host
communities of Ahafo and Akyem along with COVID-19 tests and
testing equipment to expand their testing capacity for COVID-19 and
other infectious diseases.
- $968,000 donated to Suriname’s Ministry of Health to launch the
Recovery and Resilience Project in partnership with Crown Agents to
strengthen Suriname’s health system, reduce non-communicable
diseases (NCDs) and COVID-19 burdens, and enhance emergency
response capabilities.
"As part of our commitment to addressing the challenges posed by
non-communicable diseases (NCDs) and the impact of COVID-19 in
Suriname, Crown Agents, the Ministry of Health and Newmont formed
an impactful partnership on the Recovery and Resilience Project.
Together, we worked to strengthen Suriname's health system,
alleviate the burden of NCDs and COVID-19, and enhance emergency
response capabilities,” says Sarah Hepworth, Chief Programmes
Officer at Crown Agents. “Our focus on strengthening NCD services,
promoting vaccination uptake, and addressing healthcare worker
hesitancy underscores our dedication to improving the well-being of
the people of Suriname. Crown Agents is proud to collaborate with
Newmont and the Ministry of Health to contribute to the health and
resilience of Suriname."
Newmont remains committed to its core values of safety,
sustainability, and responsibility, and the successful
implementation of the Global Community Support Fund underpins the
company’s purpose to create value and improve lives through
sustainable and responsible mining.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, zinc, lead, and silver. The company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in Africa, Australia, Latin America & Caribbean,
North America, and Papua New Guinea. Newmont is the only gold
producer listed in the S&P 500 Index and is widely recognized
for its principled environmental, social, and governance practices.
Newmont is an industry leader in value creation, supported by
robust safety standards, superior execution, and technical
expertise. Founded in 1921, the company has been publicly traded
since 1925.
At Newmont, our purpose is to create value and improve lives
through sustainable and responsible mining. To learn more about
Newmont’s sustainability strategy and initiatives, go to
www.newmont.com.
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Media Contact Jennifer Pakradooni
Globalcommunications@newmont.com
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