Friday, December 12, 2003

There's Gold in Them Thar Hills

Brethren Benefit Trust has yet again been caught with its hand in the environmentally and socially dubious investment jar. BBT holds approximately 3,100 common stock shares of the Newmont Mining Corporation. The company, which has mining operations in Latin America, Africa, Asia, Central Asia and the US, has been dogged by allegations that its mines in these countries are polluting local waterways and are harming the health of nearby communities. Some local communities have protested the company's planned operations in environmentally and culturally sensitive areas. Additionally, the firm is currently under investigation by the US Department of Justice over accusations that it bribed officials in to gain ownership of its highly-profitable Yanacocha mine.

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