Newmont has announced a $160 million investment into its new state-of-the-art water treatment plant at the Porcupine mine.
This was revealed on November 18, as the Mining giant hosted Ontario Premier Doug Ford on site, alongside members of his cabinet.
Throughout 2021 and 2022, Newmont made a $160 million investment into the new plant, which will benefit the entire ecosystem and surrounding watershed through the collection, treatment and return of impacted water. Provincially, this plant will have among the lowest effluent discharge limits within the mining sector. The investment demonstrates how industrial and environmental interests can be aligned, and is a strong example of Newmont’s commitment to sustainable and responsible mining.
Newmont anticipates that construction of the plant will be completed before year end and begin discharging in 2023; once operational, the plant will return up to 13 million cubic meters of treated clean water to the Mattagami, Frederick house and Upper Kapuskasing watersheds. After more than a century of mining in Timmins, the next phase of operations at Porcupine is an opportunity to support regreening the region, significantly improve site water management and support the local watersheds while maintaining employment and economic benefits for Northern Ontario communities, local First Nations and the government.
Ontario Premier Doug Ford commended Newmont Porcupine for its environmental stewardship.
“This investment from Newmont is a huge vote of confidence in Timmins, our workers and the future of Northern Ontario. We are grateful that Newmont has chosen to deepen its commitment to Ontario, and we look forward to seeing them thrive right here in Timmins” He said.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. 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. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
