Newmont and Project C.U.R.E. – Two Decades of Partnership Delivering Global Medical Support

Rhea-AI Summary

Newmont Corporation (NEM) and Project C.U.R.E. announce a five-year agreement to deliver medical supplies and life-saving training for healthcare providers in developing countries and communities near Newmont mining operations. Newmont commits to an annual contribution of $200,000 over the next five years, totaling $1 million. The partnership has created a positive economic ripple effect across 36 countries, impacting more than 10 million people globally. Since 2005, Newmont has distributed over $42 million worth of medical supplies and equipment, funding 108 shipping containers to 36 countries, impacting over two million patients, training over 440 medical professionals, contributing $5 million to support humanitarian efforts, and delivering 164 C.U.R.E. kits to various healthcare facilities. Employees also participate in volunteer opportunities to support the partnership.

Insights

Sustainability Analyst

From a sustainability perspective, Newmont's partnership with Project C.U.R.E. represents a strategic alignment with global sustainability goals, particularly those related to health and well-being. The commitment of $200,000 annually over five years underscores a long-term investment in community health infrastructure, which can lead to improved societal outcomes and potentially enhance the company's social license to operate. By addressing healthcare needs in developing countries and communities where it operates, Newmont not only fulfills corporate social responsibility (CSR) objectives but also invests in the stability and productivity of its operational environments. This is significant as community health is often intertwined with workforce health, which in turn can impact operational efficiency and risk management.

Furthermore, the distribution of medical supplies and training programs helps mitigate health-related risks that could disrupt operations or lead to reputational damage. The quantifiable impact, such as the funding of 108 shipping containers and training of over 440 medical professionals, provides tangible evidence of the company's commitment to CSR. The direct support to humanitarian efforts, including the $5 million contribution to the war in Ukraine, highlights Newmont's responsiveness to global crises, potentially affecting investor perception positively.

Healthcare Industry Analyst

The collaboration between Newmont and Project C.U.R.E. has significant implications for the healthcare industry in the regions impacted. The delivery of $42 million worth of medical supplies and equipment is likely to have a profound effect on the healthcare infrastructure of these developing countries. By focusing on resource-limited environments, the initiative addresses a critical gap in global health equity. The C.U.R.E. College program's emphasis on reducing neonatal and maternity morbidity and mortality is particularly noteworthy, as these are key indicators of a country's healthcare quality and can have a ripple effect on overall community health.

The healthcare industry often struggles with the distribution of medical resources in low-income countries and initiatives like this can serve as a model for other corporations looking to contribute to global health improvements. The involvement of Newmont employees in these efforts also suggests an integrated approach to corporate philanthropy, where employee engagement enhances the impact of the company's social initiatives. This model of corporate involvement can foster stronger relationships between the private sector and healthcare providers, leading to sustainable improvements in health outcomes.

Corporate Governance Expert

Corporate governance encompasses the practices and policies that dictate how a company operates and engages with its stakeholders. Newmont's initiative with Project C.U.R.E. is an example of proactive corporate governance that takes into account the broader impact of the company's operations. This initiative may be indicative of Newmont's broader governance strategy, which seems to prioritize stakeholder engagement and social investment. The transparency in reporting the specifics of their partnership, including the financial commitment and the impact metrics, reflects positively on the company's accountability to stakeholders.

Investors and shareholders are increasingly valuing companies with strong environmental, social and governance (ESG) practices. Newmont's actions, as described, could therefore have a positive influence on investor confidence and potentially on the company's stock market performance. Such initiatives can also serve as a differentiator in the mining industry, which often faces scrutiny over environmental and social issues. By leading in CSR practices, Newmont may set industry standards and influence peer behavior, which can have long-term implications for the sector's reputation and regulatory environment.

$42 Million Worth of Medical Supplies and Equipment Have Been Distributed to Support Communities Around the World and Near our Operations

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) and Project C.U.R.E. announce a five-year agreement to deliver medical supplies and life-saving training for healthcare providers in developing countries and communities near Newmont mining operations. Under the agreement, Newmont commits to an annual contribution of $200,000 over the next five years, totaling $1 million.

Newmont and Project C.U.R.E.’s partnership has created a positive economic ripple effect across 36 countries. (Graphic: Business Wire)

“Creating a positive impact on more than 10 million people globally, through our partnership with Project C.U.R.E. is something we are incredibly proud of,” said Suzy Retallack, Newmont’s Chief Safety and Sustainability Officer. “For nearly two decades, our partnership has helped deliver support to host communities near our operations and around the world. We look forward to continuing to leverage our combined global reach to make a strong impact where it is needed most.”

Since 2005, Newmont has partnered with Project C.U.R.E. to distribute more than $42 million worth of much-needed medical supplies and equipment through multiple sponsorship initiatives. Highlights of the partnership include:

• Funding 108 shipping containers of medical equipment to 36 countries.
• Impacting more than two million patients through Newmont’s support of the C.U.R.E. Cargo program.
• Training more than 440 medical professionals, through the C.U.R.E. College program, in resource-limited environments to reduce neonatal and maternity morbidity and mortality.
• Contributing $5 million to support humanitarian efforts relating to the ongoing war in Ukraine, providing direct support to Project C.U.R.E., the American Red Cross and International Medical Corps.
• Delivering 164 C.U.R.E. kits – suitcase-sized, pre-packed kits of essential medical supplies – through Newmont employees to healthcare facilities in Ethiopia, Ghana, Indonesia, Mexico, Nicaragua, Peru and Suriname.

“We are proud of our partnership with the team at Newmont. For nearly two decades, we have worked together to save lives and strengthen the healthcare infrastructure for millions of people,” said Dr. Douglas Jackson, President and CEO of Project C.U.R.E. “In countries like Ghana and Suriname and now Mexico, Guatemala and others, we have established a figurative gold standard for corporate social responsibility and making our communities healthier, happier and more hopeful.”

Also, as part of Newmont’s partnership, employees around the world participate in myriad volunteer opportunities – logging hundreds of hours of time and service helping sort supplies at the Project C.U.R.E. warehouse, packing and unloading containers, and carrying medical kits to communities near Newmont operations.

About Project C.U.R.E.

Established in a garage in Evergreen, Colorado in 1987, Project C.U.R.E. has grown to be the world’s largest distributor of donated medical supplies and equipment to people living in developing countries. Since 2000, Project C.U.R.E. has delivered more than $1 billion of medical relief to save the lives of people facing poverty, disasters and violence. Project C.U.R.E. has worked in 138 countries, establishing an incredible footprint of medical relief around the world.

As a registered 501(c)(3), Project C.U.R.E.’s goal is to bridge the staggering health resource gaps in the developing world by empowering doctors and nurses with the tools they need—medical supplies and equipment—to treat disease, deliver vaccines, perform life-changing surgeries, and ensure safe childbirth. On average, Project C.U.R.E. delivers five forty-foot containers of donated medical relief each week.

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 and 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240208935869/en/

Jennifer Pakradooni

jennifer.pakradooni@newmont.com

Source: Newmont Corporation

FAQ

What is the agreement announced by Newmont Corporation (NEM) and Project C.U.R.E.?

Newmont Corporation (NEM) and Project C.U.R.E. have announced a five-year agreement to deliver medical supplies and life-saving training for healthcare providers in developing countries and communities near Newmont mining operations.

What is the total annual contribution committed by Newmont Corporation (NEM) under the agreement?

Newmont Corporation (NEM) commits to an annual contribution of $200,000 over the next five years, totaling $1 million.

How much worth of medical supplies and equipment has Newmont Corporation (NEM) distributed since 2005?

Since 2005, Newmont Corporation (NEM) has distributed over $42 million worth of medical supplies and equipment.

How many shipping containers of medical equipment has Newmont Corporation (NEM) funded?

Newmont Corporation (NEM) has funded 108 shipping containers of medical equipment to 36 countries.

How many patients have been impacted by Newmont Corporation (NEM)'s support of the C.U.R.E. Cargo program?

Newmont Corporation (NEM)'s support of the C.U.R.E. Cargo program has impacted over two million patients.