Mining in Ghana Newmont Ghana records in $464m in economic activities

The publication named ‘Beyond the Mine’ report revealed constraints, positives and strengths of Newmont’s operations in Ghana.

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Newmont Mining Corporation, in its financial report for 2015, has revealed that its operations in Ghana generated about $464 million in economic value. 

The publication named ‘Beyond the Mine’ report revealed constraints, positives and strengths of Newmont’s operations in Ghana.

READ MORE: Newmont Ghana honoured for corporate excellence in labour rights

Newmont updated stakeholders on the extent of work on the reforestation project at the  Akyem mine in collaboration with the Forestry Commission.

 A total of $74 million was paid  in employee wages and benefits; $60.5 million in taxes and royalties; and $6.6 million in community investments. Newmont Ghana’s Ahafo Mine also successfully resettled 77 households during the reporting period.

Below is an excerpt of the full report:

Ghana Operations generated $464 Million in economic value in 2015

Newmont Mining Corporation has released its 2015 Sustainability report in which it says its Ghana operations generated about $464 Million dollars in economic value to various stakeholders in the country.

The annual report, known as Beyond the Mine, details Newmont’s global performance in safety, economic, social and environmental stewardship, as well as its commitment to ethical business practices. According to the report, Newmont Ghana in 2015, paid about $74 million in employee wages and benefits; $60.5 million in taxes and royalties; and $6.6 million in community investments.

Newmont Africa’s Senior Director, Sustainability and External Relations, Paul Sowley, says in 2015 the Africa region made great strides in creating shared value for its stakeholders and ensured commitment to ethical business practices.

“Thanks to our employees, communities and other stakeholder, we made some collective gains from our collaborations last year. This report reflects our reporting obligations as a founding member of the International Council on Mining and Metals (ICMM). “

Other highlights from the 2015 beyond the mine report on Newmont Africa.

 

 

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