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Business News of Monday, 25 June 2018


Newmont moves to facilitate compensation talks between contractor employers, employees

Newmont Ghana has reiterated its commitment to facilitating dialogue between a section of the Ahafo mine’s construction contractor employees and their employers.

The company has facilitated discussions between the two sides to determine guidelines for fair, competitive and sustainable compensation packages.

However, the local contractor employees have demanded additional compensation and benefits and stayed away from work to further press their demands.

The regional police administration has deployed public security personnel to improve security and order within the Kenyasi and Ntotroso communities while protecting lives and property following reports of intimidation and threats.

A police constable sustained an eye injury following an attack by the protestors.

“Our thoughts are with the policeman who was injured in the line of duty. We are committed to ensuring fair and sustainable compensation for our contractors and have provided them with equitable remuneration guidelines,” said Yaw Okyere Ntrama, Acting General Manager for Newmont Ghana’s Ahafo mine.

“However, we cannot directly negotiate wages and other benefits with their employees on their behalf – they have the responsibility to negotiate directly with their employees. We also encourage the concerned local contractor employees to re-engage in good-faith dialogue with their employers through due process.”

The company says it will continue to ensure fair and competitive employment opportunities that create value and improve lives for nearby communities.

Africa is one of four core operating districts of Newmont Mining Corporation, the second largest gold company in the world.

Newmont holds two gold mining operations in Ghana: the Ahafo mine in the Brong-Ahafo Region and the Akyem mine in the Eastern Region. The company currently employs approximately 4,000 employees and contractors.