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Company Response

2 Mar 2020


Newmont's Response

...Newmont has been an active and vocal supporter of revenue transparency and an original signatory to the Extractive Industry Transparency Initiative (EITI). Newmont has built transparency and reporting into our global governance and social responsibility policy and performance, and we currently utilize regular independent auditing mechanisms to assure conformance....It is our view that responsible development of mineral resources can bring great benefir to a country and its people, but only when good governance is in place to monitor the distribution of those benefits... We believe that Dodd-Frank Section 1504 can complement the EITI and its requirements should be closely aligned with the EITI Standard. This will ensure companies can develop a consisitent approach to project-level reporting across multiple jurisdictions and broaden and deepen the transparency agenda globally... We encourage stakeholders to work constructively through the rule-making process to ensure an efficient and globally consisitent regulatory framework is established that broadly meets all stakeholder needs while ultimately ensuring the overall goal of increased transparency and reporting of revenues...