Group claims project continues to advance despite being officially deemed as “suspended.”
Newmont's subsidiary Yanacocha said it is evaluating new projects in the region.
First Conga, now a new pit at South America's biggest gold mine is blocked.
The gold-copper project, set to begin production in early 2015, continues to be on hold because of social pressure.
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'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.
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.
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.
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.
Faced with never ending environmental and social conflicts over mining projects, Peru's President Ollanta Humala decided yesterday to reshuffle his Cabinet… again…for the third time.
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.
Peru's President Ollanta Humala declared a state of emergency and has now enlisted the help of the clergy after deadly clashes but the violence shows no signs of letting up.
Peruvian police detained former Roman Catholic priest Marco Arana, the leader of the protests against Newmont Mining, yesterday evening. The situation has only worsened since the government declared a state of emergency.
At least three people were killed and 20 injured in northern Peru yesterday after a clash between police and protesters opposed to the $5 billion Conga gold mine planned by Newmont Mining in the northern region of Cajamarca.
World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than the $1.5 billion initially budgeted.
Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.
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.
The president of Newmont Mining Corp. said Friday that the U.S. company could halt investment in a major gold mining project in Peru's north if modifications sought by the government significantly affect its profitability.
Barrick Gold (ABX) and Newmont Mining (NEM) have suffered due to the recent downtrend in mining companies. If we take into consideration that gold prices are 11% above their 52-week lows, while the stock prices of Barrick Gold and Newmont Mining are at…
A protest against Newmont Mining's proposed Conga copper-gold mine shut down much of Peru's Cajamarca region last Wednesday, reported World War 4 Report.
Global companies led by Vale SA (VALE5) and Newmont Mining Corp. (NEM) plan to invest in Indonesia’s mines, undeterred by a new rule cutting foreign ownership, as they hunt for resources in the world’s biggest exporter of tin and thermal coal.
Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.
Peruvians in the northern region of Cajamarca are not giving up easily in their fight over Newmont Mining's proposed Conga copper-gold mine.
Gold miner Newmont Mining is putting a final polish to the sale of its Queensland coal assets, with two overseas suitors vying for a resource estimated at more than 1.2 billion tonnes of thermal coal.
The world’s second largest gold producer, Newmont Mining Corp (NYSE:NEM), will pay more than $2 billion in taxes over the life of its proposed Conga mine in Peru after violent protests by residents and local politicians in the Cajamarca region suspended operations in November.
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