Critical shareholders took the world’s second biggest dedicated gold producer to task at its annual general meeting last week. They claimed the company had not implemented various promises to be “socially responsible”. Moreover, its failure to obtain the free, prior and informed consent of affected communities in Peru and elsewhere, had “turned into a reputational and financial liability for the company”.
See http://www.minesandcommunities.org/11657.
Newmont is a US company with British investment: among investors in Newmont are UK-based Blackrock World Mining Trust and AXA Investment Managers UK.
See http://moneytometal.org/index.php?title=Special%3ASearch&button=&search=newmont.
See also: Scientist calls Conga mining project an ‘environmental disaster’, http://upsidedownworld.org/main/peru-archives-76/3608-scientist-calls-peru-conga-mining-project-an-environmental-disaster-interview-with-reinhard-seifert.