{"id":1177288,"date":"2020-04-09T12:41:28","date_gmt":"2020-04-09T17:41:28","guid":{"rendered":"https:\/\/www.mining.com\/?p=1019936"},"modified":"2020-04-09T12:41:28","modified_gmt":"2020-04-09T17:41:28","slug":"newmont-launches-20-million-support-fund-to-combat-pandemic","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1177288","title":{"rendered":"Newmont launches $20 million support fund to combat pandemic"},"content":{"rendered":"<p>Newmont (NYSE: NEM, TSX: NGT), the world&#8217;s largest gold miner, <a aria-label=\"announced on Thursday (opens in a new tab)\" href=\"https:\/\/www.newmont.com\/investors\/news-release\/news-details\/2020\/Newmont-Establishes-20-Million-Community-Support-Fund\/default.aspx\"  rel=\"noreferrer noopener\">announced on Thursday<\/a> it has established a $20 million fund to help host communities, governments and employees combat the covid-19 pandemic, building upon other local contributions and efforts the company has implemented over the last month.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>As part of its latest community support initiative, Newmont will partner with local governments, medical institutions, charities and non-governmental organizations to target funds towards addressing the greatest needs, with a view to serving as a catalyst for long-term resiliency and future community development.<\/p>\n<p>\u201cWe have been working closely with host governments and communities to implement strict safety protocols at our sites with physical distancing and reduced workforce presence,\u201d CEO Tom Palmer stated in a press release. <\/p>\n<p>\u201cWe are also implementing the provision of hygienic and other critical supplies and training and, in certain cases, pre-emptively ramping down operations to safeguard vulnerable communities, or placing operations in care and maintenance to align with government efforts.\u201d <\/p>\n<p>With the newly established support fund, the company said it will look to deploy resources across three key areas: employee and community health, food security, and local economic resilience. Newmont added that it will closely monitor the progress and outcomes of the fund, so that it could fine-tune and improve results along the way.<\/p>\n<p>In late March, the company <a aria-label=\"placed four of its operations (opens in a new tab)\" href=\"https:\/\/www.mining.com\/newmont-lowers-2020-guidance-after-halting-four-mines-over-covid-19\/\"  rel=\"noreferrer noopener\">placed four of its operations<\/a> on care and maintenance as part of its efforts to contain the spread of coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund will focus on three key areas: employee and community health, food security, and local economic resilience.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1177288"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1177288"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1177288\/revisions"}],"predecessor-version":[{"id":1177289,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1177288\/revisions\/1177289"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1177288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1177288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1177288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}