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DJ Newmont CEO: Will Work On Community Concerns Worldwide
[April 25, 2006]

DJ Newmont CEO: Will Work On Community Concerns Worldwide

(Comtex Business Via Thomson Dialog NewsEdge)ENGLEWOOD, Colorado, Apr 25, 2006 (Dow Jones Commodities News Select via Comtex) --As protesters beat drums outside and critics raised questions inside, Newmont Mining Corp. (NEM) CEO Wayne Murdy told the annual shareholders meeting Tuesday he would work with communities around the company's gold mining operations worldwide.

Marco Arana of Peru, speaking in Spanish, asked Murdy whether Newmont would pay its Peruvian workers salaries equivalent to its employees at its Denver headquarters.

Peru was the site of violent protests by local villagers last year against Newmont's plans to expand its giant Yanacocha mine in northern Peru, Dow Jones Newswires has reorted.

Daniel Owusu-Koranteng of Ghana asked him to commit to improving the water supply there.

Representatives of a Shoshone Indian group in Nevada asked Newmont to promise not to seek privatization of Indian lands that are targets for mining.

Another issue is in Indonesia, where Newmont's practice of dumping mine waste into the waters near its now-defunct Minahasa mine on Sulawesi has landed the company in a criminal investigation over pollution allegations, Dow Jones has reported.

Murdy said he has been talking to all the communities and is committed to working with them.

Newmont is one of the world's biggest gold producers. Last week, it reported its first-quarter net income more than doubled from the year before, to $209 million.

(END) Dow Jones Newswires

04-25-06 1812ET

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