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Shareholders, NGOs, raise questions about Newmont Mining’s social and environmental risks at company’s Annual General Meeting April 26th, 2012
Shareholders and NGOs at the Newmont Mining annual meeting in Wilmington, DE on Tuesday, April 24, questioned company senior management and the Board of Directors about the operational and reputational risks Newmont faces in Peru, and emphasized the need for the Free, Prior and Informed Consent (FPIC) of local communities where Newmont operates. In addition, the group strongly encouraged additional disclosure by the company on its environmental and social guidelines and practices, including Board oversight of these issues. The Missionary Oblates are involved in the dialog with Newmont, with particular concerns about the company’s operations in Peru, the Congo and Indonesia.
In 2007, in response to a shareholder proposal filed by members of The Interfaith Center on Corporate Responsibility (ICCR), Newmont agreed to conduct a global review of its policies and practices related to community opposition in its mining operations. At this year’s annual shareholder meeting, the lead proponent of that proposal, Julie Tanner, Assistant Director of Socially Responsible Investing at Christian Brothers Investment Services (CBIS), expressed frustration over Newmont’s lack of disclosure on the implementation its Community Relations Review (CRR).
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Democratic Republic of Congo: Celebrating 50 Years of Independence! June 29th, 2010
On 30th June 2010, the Democratic Republic of Congo (DRC) will celebrate the 50th anniversary of its independence from Belgium. The DRC has been described as the ‘heart of Africa’ and is home to enormous natural wealth and resources. However, for the last two decades, Congo has been caught up in armed conflict 
described as one the world’s deadliest. The fighting in the eastern DRC is fueled in large part by conflict minerals which include coltan (columbite-tantalite), cassiterite (tin ore) and wolframite (tungsten). These metals are used in consumer electronics such as cell phones and laptop computers. The Congo conflict has left millions of people dead. Thousands of women have been victimized by rape and countless children have been kidnapped to serve as child soldiers.
Marking the 50th Independence anniversary during the annual meeting of the Catholic Bishops, Bishop Nicolas Djomo, President of the Catholic Bishops’ Conference of Congo, said that the independence anniversary is an opportune time to offer prayers of thanks to God for a sense of belonging to a united nation and to ask God’s forgiveness for omissions and opportunities lost. He went on further to say that the anniversary is a time to renew a commitment to promoting the common good and national solidarity.
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Transparency on Congo Conflict Minerals Folded into the Financial Regulatory Reform Bill May 25th, 2010
With the passage of the Restoring American Financial Stability Act (S. 3217) in the United States Senate, the Congo Conflict Minerals and the Energy Security through Transparency (ESTT) amendments have made it into legislation. However, as neither amendment was in the House version of the financial reform legislation, both amendments will be taken up by the House/Senate Conference committee which will work to reconcile the differences between the two bills. Both amendments were agreed to during the passage of the Restoring American Financial Stability Act in the Senate.
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