Newmont announces board approval for Akyem Project

Accra, March 28, GNA - The Board of Directors of Newmont Mining Corporation has approved the funding of the Akyem gold mining project. Newmont views its Africa Region as a growth engine for the company and so the Board's decision on Akyem reflects confidence in building on its successes in Ghana.

Adiki O. Ayitevie, Director, External Affairs and Communications said in a statement that the company would continue to partner with key stakeholders including local communities, local government, traditional authorities and businesses to create shared value through jobs, workforce training and economic and social development. Newmont Ghana produces more than half a million ounces of gold per year at its Ahafo Mine in Ghana while providing more than 5,000 jobs. The company expects Akyem to add to its production base and payroll while exhibiting leadership in safety, environmental stewardship and social responsibility. Newmont Ghana is one of the five core operating districts of Newmont Mining Corporation and one of the largest gold companies in the world.

Newmont recently ranked 16th on Corporate Responsibility Magazine's 100 Best Corporate Citizens List. Newmont's industry leading performance is reflected through Newmont Ghana's high standards in environmental management, health and safety for its employees and creating value and opportunity for its host communities and Newmont's shareholders, the statement said. 28 March 11