- Newmont will allocate $1 per ounce of gold sold and 1% of mine net profit to fund sustainable community development projects.
- The Ahafo Linkages Program support the development of local businesses in communities.
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Newmont to Review Compensation for Crops
Article published in the Daily Graphic - 10 April, 2008
Newmont Ghana Gold Limited has assured farmers in its operation areas of fair, transparent and excellent compensation packages.
Speaking at the inauguration of a committee to review crop rates in Sunyani yesterday, the External Affairs Manager of the company's Ahafo Mine, Mr. Randy Barnes, said the company was fully committed to keeping to regulations and laws governing the mining industry.
The committee, made up of representatives of Newmont, regulatory agencies, NGOs, as well as farmers and communities affected by the Ahafo project, is to negotiate and establish agreement for crop compensation rates.
Mr. Barnes explained that following the enactment of a new Minerals and Mining Act, operations in the mining industry were working continuously to improve the processes to fully implement the requirements of the new law's provisions on compensation packages.
That, he noted, would go a long way to ensure that an excellent relationship existed between mining companies and the host communities.
Mr. Barnes said Newmont had continuously evolved its system of negotiating with farmers to determine compensation rates and that the system focused on providing a fair, transparent and democratic maner of representation of farmers within the area of its operation.
The Brong Ahafo Regional Minister, Mr. Ignatius Baffour-Awuah, also explained that the government believed in democracy and would not fail to ensure the full operation of the fundamental human rights of its citizens.
The regional minister expressed the concern that surface mining came with serious environmental degradation, stressing that the destruction of the environment by some mining companies had also led to civil strife and the disruption of their operations in some parts of the country.