Newmont has achieved significant recognition within Ghana’s mining sector by being named the leader in Corporate Social Investment (CSI) for the second consecutive year. During the 10th Ghana Mining Industry Awards held on November 22, 2024, the Ahafo South Mine was declared the Best Performer in CSI, with its Ahafo Processing and Services Centre (APSC) receiving the honor of CSI Project of the Year. This accolade underscores Newmont’s ongoing commitment to enhancing the lives of local communities through substantial investments aimed at education, healthcare, and economic empowerment. The previous year, Newmont’s Akyem operation was similarly acknowledged for its successful rehabilitation of a critical roadway, which bolstered economic activity in the region, illustrating the company’s dedication to fostering community development through necessary infrastructure improvements.
Central to Newmont’s success in supporting local economies is the Ahafo Processing and Services Centre (APSC), part of a broader Local Economic Diversification (LED) initiative aimed at nurturing partnerships with various stakeholders, including development agencies and impact investors. Established in 2013, the APSC initially faced challenges that limited its operational effectiveness. However, through a reinvestment of US$4 million in December 2023 and technical assistance from the German Development Cooperation, Newmont revitalized the facility, thereby enhancing its capacity and outreach. As a result, the APSC has markedly reduced post-harvest losses and improved food security in the Asutifi area, benefiting over 1,000 ginger and chilli pepper farmers through an out-grower scheme that ensures stable and improved income.
Beyond the APSC, Newmont has devoted over US$60 million towards various community development foundations that are focused on sustainable progress. These investments have led to numerous projects benefiting local populations, including the construction of modern educational institutions and healthcare facilities. Furthermore, Newmont has prioritized livelihood programs that help foster economic resilience within its surrounding communities. This strategic emphasis on integrated social interventions highlights Newmont’s commitment to ensuring that the benefits from its mining operations extend far beyond its immediate economic performance.
Recognition of Newmont’s efforts extends beyond community investments; the company has also received accolades for its commitment to environmental stewardship and sustainability. The Ahafo South mine was named the Overall Best Green Mine, while the Akyem Mine secured third place in the same category. Akyem also garnered attention as the Second Runner Up in Environmental Management, showcasing Newmont’s holistic approach to mitigating environmental impacts while optimizing operational processes. These achievements reflect Newmont’s commitment to not only maintaining industry standards but also leading by example in implementing best practices for environmental management.
In addition to environmental accolades, Newmont’s focus on innovation has positioned the Ahafo South mine as the first runner up in the Innovation category. This recognition underscores the company’s unwavering commitment to continuous improvement and operational excellence. Furthermore, the Ahafo South mine received acknowledgment as the first runner-up in the Exploration category for exceptional contributions to resource discovery and development. Such recognitions not only enhance Newmont’s credibility in Ghana’s mining landscape but also serve as motivating factors for the company to maintain its leadership in both social and environmental initiatives.
Overall, Newmont’s dual focus on corporate social investment and sustainable operations demonstrates a well-rounded approach that benefits both the company and the communities where it operates. By prioritizing social development through educational, health, and economic initiatives, coupled with environmental robustness and innovative practices, Newmont is setting a benchmark for ethical corporate citizenship in Ghana. As demonstrated by its recent achievements and continued commitments, Newmont is not only a leader in the mining industry but also a pivotal force for positive community transformation and environmental sustainability in Ghana.
