Thursday, February 16, 2006

US mining giant pays for polluting

The US mining giant Newmont has agreed to pay Indonesia US$30 million in an out of court settlement over alleged pollution in North Sulawesi.

The Indonesian authorities claim residents on an island in North Sulawesi province, about 1,300 miles north east of Jakarta, have suffered serious skin diseases and neurological disorders after being exposed to abnormally high levels of heavy metals including toxic mercury and arsenic.

Newmont Mining Corporation share prices dropped 34 cents to close at US$54.82 yesterday.

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