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Business News of Tuesday, 17 May 2011

Source: GNA

Newmont Ghana appoints new Regional Vice President 96 African Operations

Accra, May 17, GNA - Newmont Ghana, a core operating district of Newmont Mining Corporation (Newmont), the world's second largest gold company, has appointed David C. Schummer as the Regional Senior Vice President for its Africa Operations.

A statement copied to the Ghana News Agency on Tuesday said Mr Schummer has taken over from Jeffrey Huspeni, who has been appointed to Newmont's Asia Pacific Region as Regional Senior Vice President - Asia Pacific.

David Schummer, the statement said, brings invaluable expertise and leadership to the Africa Region, including proven ability to build effective multi-national teams, improve workplace culture, and deliver operational results.

Prior to David's appointment as Regional Senior Vice President, African Operations, he served as Vice President, North American Operations and over the years has held a number of leadership positions in Newmont.

In addition, prior to the role in North America, Dave led the establishment of Newmont's global Business Excellence program. "Exhibiting leadership in safety, environmental stewardship and social responsibility are values Newmont takes serious.

"We will continue partnering with our key stakeholders including the national and local governments and our local communities to ensure the safety of our employees and the environment we operate in while providing job opportunities and economic development for the host communities of our operations," the statement quoted Mr Schummer.

Dave Schummer's appointment ensures Newmont Ghana's continued drive to achieve its vision to become the most valued and respected mining company through industry leading performance.

In Ghana, Newmont Ghana operates the Ahafo Mine in the Brong-Ahafo Region and also has a development project, the Akyem Project in the Birim North District of the Eastern Region.

The company employs approximately 4,900 employees and contractors. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index.