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Newmont Named to DJSI World

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Newmont Mining Corporation (NEM - Free Report) has been named to the Dow Jones Sustainability World Index (DJSI World) for the seventh straight year. The company is recognized for sustainable development and responsible resource management. Newmont through its mining and refining operations adds value to its stakeholders and partners with them towards risk reduction.

DJSI World records the performance of 2,500 leading companies worldwide and separately assesses their long-term economic, environmental and social performance. The top 10% performers are then selected from 59 industry groups. In 2013, DJSI World selected 333 global companies as leaders in sustainable economic, environmental and social performance.    

The companies are evaluated on a number of factors such as transparency, corporate governance, risk and crisis management, environmental management and performance, stakeholder engagement, community development, energy management and climate change, biodiversity, human resources, and safety.

Newmont was first included in DJSI World in 2007 and was the first gold company to be selected. The company has also been included in the DJSI North America Index every year since 2006.

Another gold company Barrick Gold Corporation (ABX - Free Report) has been listed on the DJSI World for the sixth consecutive year, and has also been included in the DJSI North American index of leading companies for the seventh consecutive year.

Newmont released its second-quarter 2013 results on Jul 26.  The company slipped to a loss on a reported basis in the quarter, hurt by a hefty impairment charge. Weak gold and copper pricing coupled with lower productions from South America and Indonesia contributed to a double-digit drop in revenues. Both adjusted loss and sales missed Zacks Consensus Estimates.

Newmont currently holds a Zacks Rank #3 (Hold).

Other companies in the mining industry with favorable Zacks Rank are US Energy Corp. and Denison Mines Corp. . Both retain a Zacks Rank #2 (Buy).

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