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Newmont commits to net zero carbon emissions by 2050

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(Kitco News) - Newmont (NYSE:NEM) said Friday that it is targeting of 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of achieving net zero carbon emissions by 2050.

The company said the emission targets will guide its purchase decisions for fleet vehicles, production equipment, onsite renewable power generation and energy efficiency.

"Mining is an energy intensive business, with 88 percent of Newmont’s energy used for mining and milling generated from carbon-based fuels. As the Company looks to reduce emissions and move to a low carbon economy, it will use a strategic approach to portfolio development, energy sourcing, fleet and equipment investment, as well as land use planning to achieve its targets," said the company in a news release.

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