Nordgold, which has operations in Burkina Faso, Guinea, Russia and Kazakhstan, said the 2050 goal will include "progressive new requirements" in renewables, its mining fleet and processing.

"Nordgold continues to invest in the most advanced equipment and make operational improvements to ensure our projects are as efficient as possible today," said Evgeny Tulubensky, Nordgold chief legal officer and director of ESG.

"Our net zero ambitions are backed by immediate actions and new approaches to help us make measurable progress, ensuring the 2050 commitment is met."

The company intends to develop medium-term strategic targets for reducing CO2 emissions at all its existing mines this year, with a road map to net zero to be released with financial results for full-year of 2021 in 2022.

It is already assessing grid connection options for the Tokko development project at its flagship Gross mine in Yakutia, Russia, with the intention to further extend grid power supply to the Gross and Taborny mine in the future, said the company.