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Newmont Dinged for Foreign Operations

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Denver’s Newmont Mining Corp. needs to find ways to improve its relations with local communities in foreign countries, according to an independent review of the company’s operations, which was launched in the wake of protests in Peru over alleged water pollution, among other claims (via the Denver Business Journal).

The review, sponsored by several faith-based investors, including Christian Brothers Investment Services Inc., was approved in 2007 by Newmont’s board. Company officials, including Newmont CEO Richard O’Brien, said they would embrace the report’s findings.

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Meanwhile, O’Brien now receives compensation worth $10.3 million–more than twice what he received when he took the helm in 2007, according to The Associated Press, which adds that gold prices have soared as investors seek safety in a tough economy.

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