AusIMM Qld. i Christine Charles Newmont Mining Corporation September 2008

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1 AusIMM Qld What s Moral About Mining? i Christine Charles Newmont Mining Corporation September 2008

2 We in the mining and minerals sector can only find and develop resources with the support of communities and societies. We operate under the increasing expectations and scrutiny of local, regional and global communities. Communities are seeking a balance between economic growth, social cohesion, cultural safety and environmental stewardship. They seek to share the benefits and minimise i i the impacts.

3 Newmonts Global Position Gold Copper/Other Golden Giant Holloway Zarafshan Ovacik Midas Twin Creeks Carlin Lone Tree Phoenix Leeville La Herradura Ahafo Akyem NEVADA Martabe Minahasa Batu Hijau Yanacocha Kori Kollo Tanami Yandal Golden Grove Kalgoorlie Boddington Martha Pajingo

4 Newmont Asia Pacific Operations Batu Hijau 230, oz p/a 230 m lbs Cu p/a Darwin Tanami 400,000 oz p/a Pajingo 175,000 oz p/a Perth Jundee 300,000 oz p/a Kalgoorlie 700,000oz p/a Boddington Reserve 7.7moz (1) Waihi Gold 100,000 oz p/a (1) Boddington reserves at 66% equity

5 The Context Global Economy Human Rights Access to arable land, potable water and economic resources Social License To Operate The Global Reporting Initiative Equator Principle Banks

6 The Industry Our History Global Mining Initiative Sustainable Development Challenges WB Extractive Industries Review: The Resource Curse People: attraction and retention The Business Case: beyond philanthropy ICMM CRJP

7 The Rationale Environmental,, community and social sustainability make business sense and are crucial to business survival. The need for social licence is often best understood in the negative there are many examples where access is denied or production is prevented, slowed or halted due to social and community issues.

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11 Moving Forward together The Waihi community has a diverse range of opinions on the effect of current mining activity on the economic, social and environmental condition of the town, and an equally diverse range of opinions on the economic, social and environmental future of the town and district post mine closure. For some, mining is the key to ongoing prosperity. Many people e who live in the town work at the mine or do business with the company. But for others them mine may not be consistent with But for others them mine may not be consistent with their lifestyle and retirement choices which led them to Waihi

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18 POPULATION DISTRIBUTION Source ABS, Table 5.13 Distribution of Population, p Source: 2000 Year Book Australia, ABS Cat No ;

19 Indigenous Nations of Australia Based on the Tindale Maps SA Museum

20 Racism Legacies of systemic racism. Systemic racism occurred in Australia when powerful institutions discriminated against a Aboriginal peoples through our legal, political and welfare systems. People may have felt that is was right at the time but the legacy has left destructive scars within communities across Australia. It is important for us to acknowledge and understand the affect this has on our relationships today. Some current activities stem from a lack of respect and understanding. Inclusion, paternalism or Respect?

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22 International Policy context The adoption of the United Nations Declaration for the Right of Indigenous Peoples by the UN General Assembly on September 13th Australia has now moved to remove its objections. Publication of the IFC Performance Standards d on Social and Environmental Sustainability. ICMM-IUCNIUCN Indigenous Peoples and Mining Roundtable John Ruggie (the UN Special Representative to the John Ruggie (the UN Special Representative to the Sec-Gen on Business and Human Rights) report: business sector role in advancing human rights, with particular reference to Indigenous peoples.

23 Native Title A set of legally defined rights part of the cultural and political landscape Newmont develops relationships, land access and community engagement across communities This does not limit agreements to Native Title holders We largely have chosen not to be a party to disputed legal process We use and are largely satisfied with current processes Most conflict occurs in the intersection of national and state arrangements and laws Quality of our experience directly related to the quality of our relationships

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25 We have common interests Like the rest of the broader Australian community, Aboriginal Australians desire real jobs in the real economy, cultural strength, functional communities and control over their lives. AEMEE

26 Elements of the Newmont Strategy Corporate Commitment, Indigenous Peoples Policy High level engagement and leadership Indigenous leaders and across Industry Influencing Public Policy Building the Business Case Building Culture and Capacity within the Company Establishing Partnerships to deliver outcomes

27 Influencing Public Policy MOU on Indigenous employment and business development signed between MCA & Australian Government in June 2005 New government policy approach using local partnerships & collaborations Whole-of-government across all governments and business collaboration Local solutions to local issues and devolved decision making

28 Women and Mining Why does it matter and what does it have to do with anything?

29 Women in the Australian minerals industry Women comprise 18% of minerals industry workforce (both sites and corporate) compared to a national participation rate of 45%. Women represent 3% of all employees at mine sites and minerals processing operations Indigenous women represent 12% of all Indigenous employees

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31 Industry Drivers Booming g Industry Competitive Labour Market Globalisation Operating in a diverse world Difference as a competitive advantage Social Licence to Operate

32 Women in Mining: Unearthing New Resources: Attracting and Retaining Women in the Australian Minerals Industry. Female Mining Engineering and Minerals Processing Students: Career Motivations, Expectations and Perceptions, by the Centre for Social Responsibility in Mining (CSRM), University of Queensland. Retention of Women in the Minerals Industry, by CSRM Young Women, Career Expectations & the Minerals Industry by the Women in Social and Economic Research at the Curtin University of Technology

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34 Women and Mining Developing strategies to improve performance in effectively engaging and maximising opportunities for women both in our workforce and in the communities in which we operate. Recognises the differing needs of women, including Indigenous women, women from cultures that have been historically disadvantaged, or older women.

35 Issues for discussion Are the different sectoral drivers inherently incompatible? Building business cases to support social, cultural investment Building skills and capacity within the company and industry Creating longer time frames within the pressures of market realities Respecting differences opening up the debate about in whose interests systems work informed consent Governance and community capacity, public policy variability Variable recognition of community by national and provincial government including community aspirations Strong Communities underlie strong economies and all societies need an economic base on which to build social, cultural and environmental strength

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