Grass roots efforts lead to: Newmont stock sinks 6.3% as income, productio

[NVMojo]

This is a big deal, folks. grassroots efforts in an investors meeting of a major gold mining industry giant. US Indian tribes were present.

Newmont stock sinks 6.3% as income, production slide

Thursday, April 28, 2005 -

Newmont Mining suffered its biggest one-day stock drop in nearly a year Wednesday on a report of lower profits, then faced off against its environmental critics at the annual shareholders meeting in Denver.

snip...

The nearly two-hour annual meeting attracted about 300 attendees who entered the Brown Palace ballroom under tight security from uniformed Denver police officers and plain- clothes private security guards.

Newspaper photographers and television camera crews were held at bay outside the ballroom, although reporters - including from The New York Times - were admitted.

snip...

After lauding the 2004 performance, Newmont chief executive Wayne Murdy took questions from environmental and community activists who had traveled to Denver from Indonesia, Peru, Ghana, Romania and Nevada.

The questions and answers were familiar refrains from prior meetings. The activists questioned Newmont's commitment to environmental safeguards and sustainable development; company officials responded with their track record of corporate good-citizenship.

more...


http://www.denverpost.com/Stories/0,1413,36~33~2839673,00.html#

or

http://www.denverpost.com/cda/article/print/0,1674,36%257E33%257E2839673,00.html

[NVMojo]

1. another link with more detail ...

http://releases.usnewswire.com/printing.asp?id=46451