- Strengthening the U.S. Economy
- Newmont Corporation: $20 Million in Economic Support
May 12, 2020
The U.S. economy has been one of the victims of this crisis, making financial support from corporations more essential than ever. Many companies are showing up big, including Newmont Corporation, which has established a $20 million fund to help communities, governments and employees combat the COVID-19 pandemic.
The Newmont Global Community Support Fund builds upon other local contributions and efforts the Company has implemented since the beginning of the COVID-19 crisis. Newmont will partner with local governments, medical institutions, charities and non-governmental organizations to target funds towards addressing the greatest needs with a view to serving as a catalyst for long-term resiliency and future community development.
“Our employees, local contractors and their families live in the communities that host our operations and the health of our business is inextricably linked to the health of those communities. We not only want to protect our people and host communities from this pandemic, we want to build lasting resiliency so that our host communities thrive after the worst of this pandemic passes,” said Newmont CEO Tom Palmer. “As a global business with operations in eight countries, we are committed to doing our part to combat this disease and protect people and their livelihoods.”
After consulting a variety of stakeholders, the company’s main focus areas are employee and community health, food security, and local economic resilience.