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Article

20 Mar 2014

Author:
GhanaWeb

Newmont Ghana is outstanding community interaction company

Newmont Ghana Gold Limited (Ahafo Mine) has been adjudged the Most Outstanding Community Interaction mining company in West Africa...[F]ormer CEO of the Ghana Chamber of Mines, Dr. Joyce Aryee, commended Newmont Ghana for the Newmont Ahafo Development Foundation (NADeF) initiative...[which she]...cited...as best practice in community sustainability and ownership...Newmont Ghana established...NADeF...in 2008 as a mechanism to manage the company’s sustainable community development commitment to its ten host communities in Ahafo with strong community participation and ownership. The Ahafo mine contributes US$1 per...ounce of gold sold and 1 percent of its net profit to the foundation. As at the fourth quarter of 2013, the fund had accrued over US$17.5 Million; out of which about 63 infrastructural projects have been completed for use by the communities. Additionally, educational scholarships have been awarded to over 4000 students at the Senor high school and tertiary levels.