Newmont sets aside $30 million for CSR

Antara News, Sunday, July 11, 2010 15:28 WIB

Kuta, Bali (ANTARA News) - PT Newmont Nusa Tenggara (PTNNT),  local subsidiary of US mining giant Newmont, has allocated US$38 million in funds for corporate social responsibility (CSR) program this year.

The funds would be used to finance community development near mining sites and in the rest of West Nusa Tenggara province, Kasan Mulyono, the company`s public relations manager, said at a mining workshop here on Sunday.

Part of the funds would be used to develop a number of schools which would be part of Islamic Center in West Nusa Tenggara, renovate Jami At-Taqwa Mosque in Sumbawa and develop a referential hospital, he said.

"Through the various activities, the people can hopefully benefit much from the presence of PTNNT in West Nusa Tenggara," Kasan said.

He said since the company started operating in the province a few years ago it had contributed a lot to the economic sector by paying taxes and royalties and increasing its spending on locally-made goods.

In the 2000-2009 period, the company paid US$413 million in taxes and royalties, he said.

PTNNT Community Development Manager Wagimin Sastrahadi said the company planned to increase the number of local students receiving scholarships from the company this year.

The scholarships this year would target 1,540 students, he said.