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Article

30 Aug 2011

Author:
Zahid Torres-Rahman, Business Fights Poverty

The Socio-Economic Impact of Newmont Ghana Gold Limited: a new report from Professor Ethan Kapstein

Earlier this month, Professor Ethan Kapstein launched his latest report quantifying the impact of business on development – this time on Newmont Mining in Ghana...The impact of mining on local communities and the wider economy has been the subject of much scrutiny, and not an insignificant level of emotion. The Report’s authors have aimed to bring to the impact study of Newmont Ghana Gold Limited (NGGL) “rigorous academic methods…in order to generate some facts about NGGL's socio-economic effects”. Rigour and facts are just what is needed in a country where despite the mining sector’s large economic footprint...there remains skepticism in some quarters about the industry’s benefits. [refers to Anglo American]