Key report for Newmont's $4.8 billion Conga gold project now expected tomorrow
Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February are expected to deliver their report on the viability of proposed water for Newmont Mining (NYSE:NEM) and Buenaventura’s US$4.8 billion copper-gold project tomorrow.
The independent review of the environmental impact study (EIS) for Conga was expected to be ready last Monday, but new protests in the region seemed to have delayed its release. Peruvian environment minister, Manuel Pulgar-Vidal, said the results will be published online tomorrow, according to news state agency Andina.
Newmont stopped construction in November last year, after violent protests in the northern Peru region of Cajamarca (photo).
In December, the government was forced to declare a state of emergency after boulders were used to block exits from the regional capital of more than 200,000 inhabitants, schools, hospitals and business were closed and dozens injured in clashes with police.