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| Newmont Releases Independent Community Relationships Review |
In "For Newmont, this transparent process provides a robust and independent
analysis of how we manage our community relationships as a company," said
An independent study team was established to shape and implement the scope, methodology and direction of the CRR. In addition, an independent Advisory Panel of leading global sustainability experts and advocates was convened by the Board to provide frank advice and input to them throughout the CRR study process and development of the final report. The Advisory Panel's final report stated that "the Review is an unprecedented undertaking within the mining sector." The report went on to add that the CRR "represents a very serious investment of time, energy and good faith" and that it "is a very good report with clear language and a tone that is frank and honest." While the CRR acknowledged that the company had strong policies and standards in place, it identified the following areas for improvement: -- Enhancing consistency of engagement with local communities;
-- Building capacity to manage and resolve conflict and address
grievances; and,
-- Developing consistent global policies, standards and programs to
better guide the Company's actions.
"While we have strong and responsible company policies in place, we clearly have work to do to ensure our implementation is reliable, consistent and accountable," said Mr. O'Brien. "Successful execution of the CRR's lessons will help Newmont become an industry leader, while ensuring we continue to create sustainable value and opportunity for our shareholders, employees and host communities. I am personally committed to following through on the CRR so that we and all of our stakeholders benefit from its insight and recommendations."
The CRR process involved:
-- Interviews with more than 250 local community members,
non-governmental organizations and other external stakeholders in five
countries;
-- Interviews with more than 100 company personnel at the site, regional
and corporate levels;
-- Examination of company policies, standards, procedures, and training
programs;
-- Detailed analyses of Newmont sites, including Ahafo (
About Newmont Founded in 1921 and publicly traded since 1925, Newmont (www.Newmont.com)
is one of the largest gold companies in the world. Headquartered in SOURCE |










