Buenaventura Mining News

Community opposition forces Newmont to abandon Conga project in Peru

The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

Newmont’s Conga mine could remain halted until 2018

The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.

Peru’s main opponent to Newmont’s Conga mine wins local elections

Jailed Gregorio Santos is set to win the re-election in the country’s gold-rich Cajamarca region, casting fresh doubts on the future of the long-delayed copper and gold project.

Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Main opponent of Newmont's gold project in Peru in prison

Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.

Five major copper mines to begin operations in Peru by 2016

Combined estimate investment exceeds $13 billion, says the government.

Mining opposition risks $57bn projected investment in Peru

Last year alone there were 149 conflicts involving mines in the country.

Newmont’s Conga opponents vandalize mine site, kidnap worker

Contract security guard was freed early Friday.

Newmont’s Conga copper and gold mine could restart next year—authorities

After meeting with locals, authorities said the company is likely to gain a social license to restart operations in 2014.

Peru 'washing its hands' of Newmont’s Conga mine issues: local authorities

Cajamarca’s governor also said Newmont’s local partner has made no progress in terms of gaining support from surrounding communities.

Peru halts Gold Fields Chucapaca gold project

Decision follows an inspection that showed the company did not have all the necessary land permits.

Thousands of Peruvians camp in the Andes to defend lake from Newmont’s gold project

Government has sent additional police forces to watch over the protestors, as previous manifestations have turned violent in the past.

Fresh protests threaten Newmont Conga mine in Peru

The new round of demonstrations come after a top official for the Conga project, CEO Roque Benavides of Buenaventura, said water from one of the main water sources for locals, would be transferred to a reservoir later this year.

Peru’s mining conflicts made country’s total social issues climb to 225 in May

Peru's ombudsman office warned about the renewed unrest in the Cajamarca region, where Newmont has its now halted $4.8 billion gold-copper Conga project.

Newmont mulls taking Peru’s Conga money elsewhere

Miner may reallocate capital to development alternatives in Australia, Ghana, Indonesia and Nevada.

Peruvians ask Washington-based human rights commission to halt Newmont’s Conga project

Group claims project continues to advance despite being officially deemed as “suspended.”

Newmont won’t leave Peru’s gold-rich Cajamarca region by 2016: company

Newmont's subsidiary Yanacocha said it is evaluating new projects in the region.

Newmont's Peru ambitions take another knock as water authority rejects Yanacocha expansion

First Conga, now a new pit at South America's biggest gold mine is blocked.

Newmont pouring $150 million into Peru’s Conga this year

The gold-copper project, set to begin production in early 2015, continues to be on hold because of social pressure.

Peru expects $10 billion in mining investments next year

Peru's Minister of Energy and Mines Jorge Merino announced the country is expected to attract mining investment projects worth $10 billion in 2013.

Peru to resume talks on Newmont’s $4.8 billion Conga mine

Peru's government is considering resuming talks with opponents of the $4.8 billion Minas Conga copper and gold mining project in the northern region of Cajamarca, Environment Minister, Manuel Pulgar Vidal, said in a TV interview on Sunday night.

Peru lifts state of emergency over Conga mine

The Peruvian government confirmed it will end Monday a state of emergency imposed in early July in the country’s northern region, where violent protests against Newmont Mining's (NYSE:NEM) controversial $4.8 billion Conga project left five dead and dozens injured.

Conga remains key for Newmont

Newmont Mining's (NYSE:NEM) $4.8 billion copper-gold project in Cajamarca Peru remains as one of the company’s priorities, but further development will be done on a very measured basis, told MINING.com the company’s head of communications, Omar Jabara.

Peru abandons Newmont’s $4.8 billion Conga

The Peruvian government has thrown in the towel on Newmont Mining's (NYSE:NEM) controversial Conga mine as the nation's prime minister announced Monday evening the $4.8 billion copper-gold project is now on the back burner.