Action Alert

From: robert weissman

Gold Industry Blocking Debt Cancellation Plan
Call on Newmont Mining to Reverse Opposition to IMF Gold Sales;
Lives are at Stake!

International debt payments are draining poor countries of resources desperately needed to address health, education and many other pressing needs. After years of offering nothing more than half-hearted measures and worse, the rich countries have agreed to cancel the debts of the poorest nations to the International Monetary Fund (IMF) and World Bank. But
they continue to differ over how to do it. It is now clear a compromise agreement among the rich countries over cancellation of IMF debt can only be reached if sale of IMF gold is a component of the financing package for debt cancellation. But a decision to sell some of the IMF's stock of gold is being blocked by the gold industry, led by the world's largest gold producing corporation, Newmont Mining Co. Newmont and the industry say that IMF gold sales will lower the world gold price, but they ignore a proposal from the IMF itself that would ensure IMF gold sales have no net impact on the world gold market. Newmont's misguided opposition is on the brink of sabotaging IMF debt cancellation -- thus ensuring millions of poor people will be deprived
the benefit of IMF debt cancellation. This is a life-and-death matter.

TAKE ACTION: Call and fax Newmont's office and Board Members, demanding they reverse their position and publicly state and communicate to Congress and the White House their revised position.

KEY TALKING POINTS:
€ Ensuring debt cancellation is a humanitarian imperative;
€ There's no reason for Newmont to oppose IMF gold sales, since they can be accomplished with no impact on the world gold price;
€ Newmont must retract its opposition to IMF gold sales, and publicly state that it is open to IMF gold sales;
€ Action now is imperative, before the G8 (the rich countries) meet in July;
€ Newmont's failure to retract its opposition to IMF gold sales will mean poor countries waste billions of dollars on debt payments to the IMF, and will consign millions of people to needless suffering, as they are deprived of health, education, clean drinking water and other
services that could be made available with debt cancellation.

SEND A FREE FAX VIA GLOBAL EXCHANGE:
http://www.globalexchange.org/campaigns/wbimf/goldindustryaction.html

CONTACT: Newmont Mining Corporation, 1700 Lincoln Street, Denver,
Colorado, USA 80203. FAX (303) 837-6034. Investor Relations Contacts:
Randy Engel, Telephone: (303) 837-6033 Email: randy.engel@newmont.com
Wendy Yang Telephone: (303) 837-6141 Email: wendy.yang@newmont.com
Contact Board Members, listed here:
http://www.newmont.com/en/investor/governance/board.asp