Newcrest sets target of net zero emissions by 2050
The goal relates to its Scope 1 and Scope 2 emissions, though the Australian gold miner said it will continue to work across its value chain to reduce Scope 3 emissions.
Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
On Thursday, Newcrest reported a 58% fall in half-year underlying profit, due to disruptions such as an earthquake hitting one of its key sites in 2017.