A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025
Newmont Mining Corp. Mining News
Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.
The complex land dispute between members of the Chaupe family and Yanacocha remains a concern for Newmont, the company said.
Newmont ranked mining industry leader by Dow Jones Sustainability World Index for second year in a row
Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.
The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.
Gold sector's situation is about to get worse.
Despite current challenges the analysts expect significant growth in the country's mining industry.
And sales declined 11% to $1.99 billion.
Local officials said the crowd is lead by some of the same organizers of rallies against Newmont Mining’s $5 billion Conga project.
More than half of the total reports submitted in early 2012 are still under evaluation.
Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.
Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.
Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga copper and gold mine project.
Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.
Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.
Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.
Anti-mining protesters in Peru's Cajamarca region are scheduled to start an indefinite protest beggining May 31, local press reported. The main target is US-based Newmont Mining's $4.8 billion Conga mine project.
Peru's government declared a 30-day state of emergency on Monday night after two people were killed and dozens of police officers injured in violent anti-mining protests against Swiss based-Xstrata near Cuzco, in south eastern Peru.
Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.
An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced all mining companies in Indonesia to halt their operations until further notice.
Peru's gold production reached 6-month highs on gains by Newmont Mining, one of the country's top miners, Bloomberg reports.
Shares of some top gold companies are down at 1 p.m.: Barrick Gold CorpBarrick Gold Corp. fell $.99 or 2.1 percent, to $46.44. Gold Fields fell $.40 or 2.6 percent, to $14.95. GoldCorp. fell $1.30 or 2.6 percent, to $47.83. Newmont Mining CorpNewmont...
Richard O'Brien, Newmont Mining CEO, says he is confident the company will be able to go ahead with its $4.8bn jv with Buenaventura to develop the Minas Conga gold mine in Peru.