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US Mining Company Agrees to 'Green' Review

By: Arnoldy, Ben | The Christian Science Monitor, April 26, 2007 | Article details

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US Mining Company Agrees to 'Green' Review


Arnoldy, Ben, The Christian Science Monitor


For the first time, an American mining firm has supported a "social responsibility" resolution put forward by shareholder activists.

Shareholders of Newmont Mining Co., the world's largest gold mining firm, approved this week an independent review of the environmental and social impacts of the company's global operations. And before the vote Tuesday, the Denver-based company took what activists say is the unprecedented step of endorsing the measure.

The milestone shows the ability of the "ethical investing" movement to gain the ear of major corporations, especially for environmental concerns as companies come under increased pressure to go green, say specialists …

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