Statement of Support
Engagement with the EITI
Newmont is actively involved with EITI's efforts to improve governance in resource-rich countries. The company supports EITI's efforts to transparently account for revenues by openly disclosing their tax and royalty payments. According to Newmont, such programs are designed to reduce the devastating effects that corruption can have on economic development and the rule of law in these contexts. Therefore, businesses, governments, investors and civil society all have an important role to play in improving and expanding transparency.
Newmont is part of the multi-stakeholder groups in Ghana via the Chamber of Mines, in Mexico via the Mexican Mining Chamber, and in Peru via the Sociedad Nacional de Mineria y Petroleo. In Guatemala, Newmont is an industry representative on the EITI National Working Group. Newmont supported the Minerals Council of Australia when the government announced its intention to apply as an EITI implementing country in 2016. It is an active member of the International Council on Mining and Metals (ICMM) who coordinates the EITI mining sub-constituency.
In its annual Extractive Sector Transparency Measures Act report (ESTMA) Newmont publicly discloses payments to governments. The publication of Newmont's sustainability reports is available here.
In Beyond the Mine Sustainability Report, Newmont publicly discloses payments to governments from its mining operations.
Link to the statement of support on Newmont's website