Newmont, Gold Fields among DJSI mining leaders - Mining Technology
The Dow Jones Sustainability World Index (DJSI) has named Newmont Mining as the leader of the global metals and mining industry for the fourth consecutive year.
The DJSI evaluates around 2,100 mining companies and ranks them based on their performances across a range of categories, including economic performance, environmental policies and social responsibility. Dow Jones has included Newmont among its North American companies every year since 2006; the company was the first gold miner to be named on the index, back in 2007.
“Our focus is on the long-term success of our company, and doing that requires integrating sustainability into all aspects of our business,” said Newmont president and CEO Gary Goldberg. “Employees at our sites around the globe know that leading in profitability and responsibility go hand-in-hand, and that their day-to-day work can have positive and lasting impacts on local communities.”
In the second quarter of 2018, Newmont saw its share dividend increase 87% compared to the same period in 2017, reaching $0.14 per share. The company’s net income also increased by $84m from the previous year, to a peak of $274m, thanks to lower income taxes and the sale of a royalty portfolio in June.
The DJSI named South African mining company Gold Fields as the African nation’s top miner, the fourth-best mining company among the 60 names on the index, and the world’s third-best gold miner.
“Our continued strong performance on the DJSI shows us that we are on the right track in terms of fully integrating sustainability into our business,” said Gold Fields CEO Nick Holland. “But there always will be areas of improvement, particularly in further strengthening our relations with impacted host communities.
“It is essential that the industry’s sustainable business practices incorporate high standards of safety and health practices, sound environmental stewardship and pro-active community engagement, including shared value creation with communities,” said Holland.
While Gold Fields’ net balance increased by $90m to $1.39bn at the end of the 2017 financial year, the company has struggled in recent months. Profits from operations fell by $35m to $43m in June, with the company’s share price losing half its value this year, compared to 2017.
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