Newmont Mining Corp.

Peru to spend $1.6 billion on Cajamarca’s poor, Newmont could restart Conga in March

The Wall Street Journal reports Peru on Friday announced a programme of social and infrastructure investments in its poor Cajamarca region aimed at winning over local protesters who have brought to halt Newmont Mining’s $4.8 billion Conga project over environmental concerns.

Police destroy roadblocks as basic goods shortages appear on day 10 of Peru anti-gold mine protests

Reuters reports protestors abandoned roadblocks on Saturday after police were called in to secure access for basic goods to Cajamarca on day 10 of the conflict over Newmont Mining’s proposed Conga gold mine in northern Peru.

Newmont suspends construction at the Conga project in agreement with the Government of Peru

Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) announced today that, in agreement with the government of Peru, it has suspended construction activities at the Conga project (or the “Project”) in Peru for the safety of employees and community members. During the past month, the Conga project and the near-by Yanacocha operations have experienced intermittent work stoppages as a result of ongoing protests in the region. Beginning in October 2011, anti-mining activists expressed concerns about perceived impacts of the Project on the local water supply. The Conga Environmental Impact Assessment was approved in 2010 after extensive review by the Peruvian government which included significant engagement and consultation with local communities.

Thousands protest giant gold mine in Peru’s mountains

Fearing water contamination and pollution, over ten thousand people in Cajamarca, Peru are taking part in protests against mining plans by US-company Newmont Mining Corporation.

Demonstrators block city exits on day four of Peru gold mine protests

Latin American blogs reported on Sunday exit roads from the regional capital remained blocked and anger was mounting over Newmont Mining’s proposed $4.8 billion Conga gold mine in northern Peru as protests entered its fourth day.

Schools and business had closed and police used teargas against marchers since protests began Thursday. Residents led by the Maoist president of the Cajamarca region say Conga will destroy the environment by transforming four high Andean lakes into reservoirs for mining operations and on Saturday formed the ‘Front for the Defence of the Interests of Cajamarca’. Conga would be the biggest investment ever in Peru mining and is a crucial test for newly installed president Ollanta Humala who has on many occasions publicly backed the project.

Anti-Newmont protest shuts down regional capital

Reuters reports schools and businesses were closed and Peruvian police fired tear gas on Friday to break up a protest at Newmont Mining and Buenaventura’s proposed $4.8 billion Conga gold mine as the government tried to mediate a bitter environmental dispute over the project.

Residents in the northern city of Cajamarca which has more than 200,000 residents (pictured), led by the president of the region,  say a new mine – adjacent to South America’s largest gold mine Yanacocha – will harm agriculture and livestock by relocating water supplies.  Conga would be the biggest investment ever in Peru mining.

Peru protesters attack Newmont installations in Northern Andes

Newmont Mining Corp. (NEM), the largest U.S. gold producer, said Peruvian protesters attacked its facilities in the northern Andes during a regional protest today.

Newmont’s Conga set to become Peru flashpoint as region vows massive protest

Reuters reports leaders in Peru’s Cajamarca region demanded on Wednesday that Newmont Mining and partner Buenaventura abandon their $4.8 billion Conga project after talks with the central government broke down.

The president of Cajamarca said massive protests will be held next week. In October, Newmont was forced to briefly shut down adjacent Yanacocha, South America’s largest gold mine over the protests. Conga would be the biggest investment ever in Peru mining and is a crucial test for the country’s new president Ollanta Humala, who campaigned on ending conflicts over natural resources.

Peru’s Yanacocha locals keen on water not $4.8 billion gold project

Reuters reports Peru’s government on Friday brokered the first in a series of talks between townspeople and Newmont Mining in a bid to solve a conflict over water supplies at the $4.8 billion Minas Conga project, adjacent to South America’s largest gold mine Yanacocha.

Newmont was forced to shut down operations for two days at Yanacocha after protesters blocked access to the mine. Minas Conga, partly-owned by Peru’s number one precious metals miner Buenaventura, would be the biggest investment ever in Peru’s mining sector. Buenaventura reported a 6% drop in quarterly gold output on Friday.

Newmont pays more than $47 million to Ghana government

Newmont Ghana Gold Limited has paid more than $47 million (GH¢71.44 million), representing taxes, royalties and levies for the third quarter of this year, to government.