Accra, 16th March, 2015 – Newmont Ghana has urged the Ghana Mineworkers Union (GMWU) to reconsider its intention to strike and resume good-faith negotiations as the most effective way to preserve and promote the best interests of its members.
Newmont Ghana’s appeal to the GMWU’s leadership follows the union’s notification of its intention to strike over salary and collective bargaining negotiations. The parties have been engaged in a negotiation process since early 2014 and have not yet reached agreement on compensation and other benefits that will provide predictability, while ensuring the business remains sustainable in an unstable gold price, electric power and business environment.
“There are a number of legitimate reasons contributing to the drawn out negotiation process on both sides,” said Pascal Kanbonnabah, Newmont’s Regional Vice President, Human Resources. ”Despite this, we believe a fair and equitable agreement can be reached soon and that a strike is not in the best interests of the GMWU’s membership and would only further complicate the process. All parties should continue to act in accordance with the terms of the Collective Agreements and the laws of Ghana which govern our relationship.”
The company remains committed to reaching a negotiated, mutually beneficial settlement which ensures the long-term sustainability of the business and the jobs, incomes, tax revenues and other benefits it provides.
“It is in everyone’s best interests to wrap up the negotiations as soon as possible so we can all focus on working safely to sustain our business and the incomes and tax revenues it provides to our employees, families, communities and government,”Kanbonnabah concluded.
About Newmont Ghana
Newmont Ghana is one of five core operating districts of Newmont Mining Corporation (www.newmont.com), one of the largest gold companies in the world. Newmont Ghana operates the Ahafo Mine in the Brong-Ahafo Region and the Akyem mine, in the Birim North District of the Eastern Region. The company employs approximately 5,900 employees and contractors, with the majority working at its Ahafo Mine.
Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. 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.
More information can be found in Newmont’s annual sustainability report, www.BeyondTheMine.com. The report is published as part of Newmont’s ongoing obligations as a founding member of the International Council on Mining and Metals (www.icmm.com) and in accordance with its commitments under the United Nations’ Global Compact (www.unglobalcompact.org) and the Voluntary Principles on Security and Human Rights (www.voluntaryprinciples.org).
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