Gold Miners Continue To Work Toward Sustainability
By Ima Casanova, Deputy Portfolio Manager
In Joe’s piece last month, he noted that the mining industry continues efforts to achieve its long-term sustainability goals. He mentioned not only that Rio Tinto and Caterpillar are cooperating on a zero emission 220 tonne haul truck in Western Australia, but also that, in South Africa, ENGIE and Anglo American are tackling the 300–500 tonne haul truck.
There was further news on this front in November. In particular, Newmont announced that it had entered into a strategic alliance with Caterpillar intended to transform mining by delivering a fully connected, automated, zero carbon emitting, end-to-end mining system. A fleet of 26 electric vehicles is expected to be deployed in underground and open pit operations by 2027. This will support Newmont’s net zero carbon goal by 2050.
MVIS Global Junior Gold Miners Index
Source: MV Index Solutions. All values are rebased to 1,000. Data as of 30 November 2021.
Ima Casanova joined VanEck in 2011. Prior to VanEck, Ima was Managing Director and Senior Equity Research Analyst at McNicoll Lewis & Vlak and established the firm's metals and mining research department. Previously, she was Equity Research Analyst at Barnard Jacobs Mellet USA and BMO Capital Markets and held positions as Production Technologist, Offshore Wellsite Supervisor and Petroleum Engineer for Shell Exploration and Production. Ima has both an MS and a BS (magna cum laude) in Mechanical Engineering from Case Western Reserve University.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.