African Activist Archive

The leaflet says the University of Pennsylvania owns 3000 shares of stock in the Newmont Mining Corporation, the largest employer in Namibia. The profits from this investment are based upon the exploitation of black Namibia labor under South Africa's blatantly racist code of apartheid. Over the past 30 years, black workers have received only 5% of the wages paid by Newmont, though they make up 80% of its labor force. Newmont makes $15 million annually in profits, and it pays another $15 million in taxes to the South African government. Newmont, as controlling co-owner of the Tsumeb Corporation, hires 5000 black workers in its mines, almost 12% of the Namibian labor force. We call upon the University of Pennsylvania to stop investing in apartheid, to divest immediately from Newmont Mining Corporation, and to divest all stock in other corporations doing business in South Africa and Namibia. The leaflet invites people to participate at a protest at the annual Newmont stockholders' meeting in Wilmington, Delaware.

African Activist Archive

While Penn Profits, Black Miners Get The Shaft!!!

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