Newmont acts on bribery allegations

Allegations of bribery have led Newmont to review its compliance with US foreign bribery law.

“We occasionally identify or are apprised of information or allegations that certain employees, affiliates, agents or associated persons may have engaged in unlawful conduct for which we might be held responsible,” Newmont said in its quarterly statement.

“We are conducting an investigation, with the assistance of outside counsel, relating to certain business activities of the Company and its affiliates and contractors in countries outside the United States.”

The global miner has not revealed where the alleged breaches took place, although countries in which Newmont operates include Ghana, Australia, Indonesia, Peru, Suriname, as well as the US.

“The investigation includes a review of compliance with the requirements of the U.S. Foreign Corrupt Practices Act and other applicable laws and regulations,” the company said.

“The Company is working with the U.S. Securities and Exchange Commission and the U.S. Department of Justice with respect to the investigation.”

Newmont entered a one year agreement with the US Securities and Exchange Commission in March 2016, as well as with the Department of Justice, which suspends (tolls) the statute of limitations.

“As of the filing of these financial statements, we cannot predict the outcome of these matters,” the company said.

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