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Newmont to
positively influence livelihood of communities
Koforidua, April 6, GNA- Newmont, Ghana limited has assured
of its determination to ensure that, their activities boost
the living standard of the people living close to their
areas of operation.
The Principal Communications Officer of Newmont, Mr. Oduro
Kwarteng, who gave the assurance at a quarterly press
briefing on Thursday, at Koforidua, said despite the
suspension of the construction of the Akyem project, the
company would maintain a significant presence in the area.
He said the suspension of the construction had became
necessary due to the power crisis, need for governmental
approval and the issuing of environmental permit and mining
license.
Mr. Kwarteng said the company was therefore redesigning its
operational outlook for the purposes of meeting the
requirement of the permit requirement and for cutting down
cost to meet the financial aspiration of management.
He disclosed that, as a means to address the power crisis,
three mining companies in addition to Newmont, had installed
a reserve electricity power plant at Tema to support
national efforts at solving the power crisis facing the
country.
Mr Kwarteng said, the project, as part of its social
responsibility towards the people, had designed a
comprehensive and favourable programme to pay compensations
to those whose farms had been disturbed by their activities
and also help those interested to
set up new farms.
The chairman of the Crops Compensation Review Committee(CRRC),
Mr. Yaw Osafo hinted that, so far the committee had been
able to fix prices of the various crops in the area that are
likely to be affected by the operations of the company
according to their market values and the views of the
committee would soon be presented to Newmont for action.
GNA
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