Local & Indigenous Procurement Plan
Purpose & Objective of Plan
Newmont is committed to creating sustainable prosperity that brings long term social and economic benefits for neighboring communities throughout the life cycle of our mines. This plan establishes how Newmont will identify, assess and integrate procurement opportunities with local and Indigenous businesses into the supply chain process. The goal of this plan is to enable Newmont to meet or exceed the commitments made in its First Nations agreements, and with other relevant community partners. This plan is aligned with the strategic objectives of Newmont’s Canadian Local and Indigenous Procurement Strategy.
Scope
The scope at any of Newmont’s properties of this management plan applies to any activities undertaken during exploration, operations or closure.
Governance & Responsibilities
Each Newmont site in Canada has a Local and Indigenous Procurement Working Group to oversee implementation of this plan. The groups consist of representatives from Supply Chain, Sustainability and External Relations (S&ER) and Legal (when needed). The Working Groups meet on a quarterly basis and review this plan annually to ensure it is consistent with Newmont’s strategy.
Plan Details
Strategic Objectives
In alignment with the Canadian Local and Indigenous Procurement Strategy, Newmont is committed to increasing and enhancing procurement of goods and services from local and Indigenous vendors. The Newmont team has identified key strategic objectives to support local and Indigenous vendors through this plan.
1) Strengthening Suppliers
Support capacity building efforts for local and Indigenous suppliers on business skills for the procurement process (i.e. RFP process, preparing proposals, project planning), including workshops, training or the development of educational materials.
Support and encourage local and Indigenous vendors to ensure their employees have the required training to work on site.
Work towards full compliance with the local procurement commitments in our agreements with First Nations.
Improve internal communication at site around Musselwhite’s First Nations commitments for local procurement.
Increase involvement of Musselwhite and the Regional leadership team in procurement meetings, especially with Indigenous vendors.
Establish relationships with Economic Development Officers in local communities to help Newmont better understand the economic landscape of each community.
2) Driving Supply Chain Value
Forecast site business requirements for local and Indigenous suppliers, and create a checklist of commitments and requirements needed for the bidding process.
Support joint venture opportunities for local and Indigenous businesses to partner with larger suppliers to meet the resource and capital needs of Newmont.
Explore new areas of opportunity to expand procurement from local and Indigenous suppliers.
Support tours of our mine sites with First Nations community members to ensure they are aware of the business requirements on site.
3) Strengthening Relationships
Work towards full compliance with the local procurement commitments in our agreements with First Nations .
Improve internal communication at site around Musselwhite’s First Nations commitments for local procurement.
Increase involvement of Musselwhite and the Regional leadership team in procurement meetings, especially with Indigenous vendors.
Establish relationships with Economic Development Officers in local communities to help Newmont better understand the economic landscape of each community.
4) Monitoring Newmont’s Performance and Transparency
Maintain an updated database of all local-local and local suppliers.
For information on Newmont’s global supplier standards and policies:
