Newmont Ghana Gold Limited (NGGL) flagship Corporate Social Responsibility (CSR) Initiative, the Newmont Ahafo Development Foundation (NADEF), has been adjudged the best Social Impact investment vehicle by the European Union (EU).

A statement signed by Sabina Adu-Wusu, Communications Manager of NADeF, and made available to the Ghana News Agency (GNA) said recognition was given at an award ceremony in Brussels, at the EU-Africa Chamber of Commerce’s maiden annual CSR in Africa Award.

The African Chamber of Commerce aims to promote CSR best practices in Sub-Saharan Africa, showcase CSR as a tool of performance and competitiveness and encourage shared-value approachesto help ensure inclusiveness and sustainability in Sub-Saharan Africa’s development.

Mr Joseph Danso, the Community Development Manager of NGGL Ahafo Mine, and Executive Secretary of NADeF, who received the award on behalf of the Company, urged Newmont, NADeF and its partner stakeholders to continue to pursue its vision of supporting communities to achieve prosperity and self-reliance.

According to the statement, more than 40 companies in Sub-Saharan Africa applied for the award out of which eight (8) were nominated in five categories namely, Sustainable Economy, Social Impact, Environment/, EUACC-Be Inspired and EUACC- Promising Project.

The President and Executive Manager of the EU-Africa Chamber of Commerce, Serguei Ouattara congratulated the award winners and said ‘It is not just the volume of economic activities that determines development, but also how business is carried out which impacts people, the economy and the environment’.

NGGL established NADeF in 2008 to serve as the main driver of Corporate Social Responsibility in the ten Ahafo communities in which it operated to ensure sustainable development.

The multi-national mining company contributes a dollar per ounce of its annual gold production and one percent net profit each year to support various development initiatives in the mine’s catchment area in the Brong-Ahafo Region.