Our establishment followed an agreement (Social Responsibility Agreement), between Newmont, the ten (10) Akyem Mine Communities and the Birim North District in July 2012, to establish and manage sustainable social investments, projects and activities. The Foundation thus serves as the Social Responsibility Vehicle for Newmont Golden Ridge Limited and a Community Development Agency for the 10 mining communities.
NAkDeF is supervised by a nine (9) member Board of Trustees, representing Newmont and the Community. Each community further holds a seven (7) member Sustainable Development Committees (SDCs) who work directly with the Foundation (Secretariat) to plan, implement and manage developmental projects in their respective towns.
US$1 per ounce of gold sold and 1% of Newmont Akyem Mine’s profits (pre-tax). These funds are used for sustainable development and impactful social investment activities under the following thematic areas;
