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[PDF] Recommendation of 24 August 2006

Author: Council on Ethics for the Government Pension Fund [Norway], Published on: 25 August 2006

DRD Gold has been accused of causing severe environmental damage and of contributing to serious health damage in connection with its mining operations in Papua New Guinea and Fiji...In accordance with the Guidelines, point 4.5, the Council has contacted the company through Norges Bank, requesting comments on the aforementioned accusations and their foundation. The company has chosen not to respond to Norges Bank’s inquiry...The Council has reached the conclusion that the Ethical Guidelines...provide a basis for recommending the exclusion of DRD Gold Limited owing to an unacceptable risk of contributing to severe environmental damage.

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Related companies: DRDGold Norges Bank Investment Management (NBIM)