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Gold major Newmont spending $500m on renewables, world congress hears

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Gold mining major Newmont is spending $500-million on renewable energy projects against the backdrop of climate risk equating to investment risk for all mining industry participants, the Energy and Mines Virtual World Congress heard on Tuesday. Expenditure of the half-a-billion dollars began last year and will extend over five years to 2025, Newmont executive VP and chief technology officer Dean Gehring told the 600 attendees of the event, moderated by Energy and Mines director Adrienne Baker, and covered by Mining Weekly.

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