Norwegian Government Pension Fund

Norwegian Government Pension Fund. On 29 January 2009, this state-run Fund (aka the Petroleum Fund) disinvested from Barrick Gold because of the unacceptable risks run by its Panguna mine in Papua New Guinea – specifically its use of riverine tailings disposal and the likely impacts of toxic metals, including mercury, on the environment and people [Press statement by Norwegian government, Oslo, 29 January 2009].

Previously, the Fund had disinvested its holdings in Freeport McMoran Copper and Gold, DR Gold, Vedanta Resources and Rio Tinto

(for further information, go to: http://www.minesandcommunities.org).