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- In 1962, Newmont revolutionized the gold mining industry with the world’s first discovery of submicroscopic or “invisible gold.”
- Newmont helped found the ICMM, promoting sustainable development and social responsibility in mining.
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UN Global Compact Features PTNNT as Best Practice
Index of Features
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West Sumbawa, Indonesia
The United Nations Global Compact showcased PT
Newmont Nusa Tenggara's (PTNNT) approach to managing business in a multicultural community on the pages of its 2010 Doing Business While Advancing Peace and Development report.
The Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. Global Compact signatories commit to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment and anti-corruption. Newmont has been a signatory since 2004.
Using case studies from a variety of industries, the Global Compact's report illustrates how companies from different sectors contribute to peace and development while operating in difficult environments. PTNNT's ability to engage stakeholders and encourage multicultural understanding in a work
environment prone to interpersonal conflict was a featured best practice.
The mine's diverse 7,000 employee workforce has suffered conflict over the
years, as many employees struggled to embrace ethnic, cultural or
religious differences.
November 30, 2010