Yesterday, Earthworks and our partners at SumOfUs.org attended the Annual General Meeting of the world’s second largest gold mining company, Denver-based Newmont Mining Corporation. The meeting is open to all shareholders and is where shareholders (and their proxies) vote on standard resolutions about corporate governance and CEO pay. Importantly for communities, shareholder-led resolutions are also considered.
Mining is risky business. Some major international mining companies have billions of dollars of investment at stake in their project portfolios. Last week, Ernst & Young (E&Y) released their annual Business Risks Facing Mining and Metals report. Topping this year’s list are concepts laden with financial jargon like cash optimization and capital access. Related listed challenges involve techniques for penny pinching or turning some money in to more money. Yet, E&Y’s report also reveals some of the greatest risks mining companies and their investors face having nothing to do with markets, commodity prices, or the boom and bust cycle. In fact, in any economy, these major risks are completely avoidable.
Washington, D.C., Sep 9 -- Newmont Mining claims the 2016 Dow Jones Sustainability Index (DJSI) will rank Newmont its top mining company on Monday when the 2016 Index is released, despite the gold miner’s role in human rights violations at its proposed Conga mine in northern Peru.
Toronto, June 24 - British Columbia and Alaska indigenous leaders today are calling upon Seabridge Gold’s leadership and investors to prevent more disasters like Mount Polley. Seabridge Gold (TSX:SEA)(NYSE:SA) is a junior mining company proposing what would be North America’s largest open pit mine near British Columbia’s northwest border with Alaska. The mine is located under an active glacier, as well as upstream from major salmon fishing waters and the Misty Fjords National Monument, a popular tourist destination.
WASHINGTON, DC – A report released today identifies unprecedented risks associated with the Kerr-Sulphurets-Mitchell (KSM) mine proposed in northwest British Columbia near the Alaska border. Seabridge Gold's KSM Project Risk Analysis details a mounting list of challenges facing the controversial project in the weeks leading up to the company’s annual shareholder meeting on June 24, 2015.
April 22, Wilmington, DE -- At Newmont Mining (NYSE: NEM)’s annual general meeting today, shareholders and civil society groups joined a community leader from Cajamarca, Peru in calling on the Denver-based mining giant to live up to its human rights commitments and stop harassing indigenous Cajamarca residents who have blocked Newmont’s proposed Conga gold mine.
In a David v Goliath battle, Newmont has responded to community opposition to its mine by using police and private security to harass and intimidate local residents and landowners, including the families of Máxima Acuña de Chaupe and Elmer Campos.