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

Cecilia Jamasmie | March 13, 2013
Peruvians asks 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

Cecilia Jamasmie | March 8, 2013
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

Frik Els | February 8, 2013
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

Cecilia Jamasmie | January 25, 2013
Stimulus marathon' good for gold price

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

Cecilia Jamasmie | November 24, 2012
peru-expects-ten-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

Cecilia Jamasmie | November 12, 2012
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

Cecilia Jamasmie | September 2, 2012
Conga Mine protests

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

Cecilia Jamasmie | August 30, 2012
on

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

Cecilia Jamasmie | August 28, 2012
Peru abandons Conga 333

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.

Cecilia Jamasmie

Third time's the charm for Peru’s mining issues?

Cecilia Jamasmie | July 25, 2012
good luck

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 gold mine protests grow

UPI | July 22, 2012
Cock fight

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.

Unions left out of Newmont's negotiations in Peru

Cecilia Jamasmie | July 16, 2012
peru worker with a stop sign

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.

Fury over Conga threatens to overwhelm Peru's president

Frik Els | July 8, 2012
Ollanta_Humala_campaigning_indigenous_dress_Flickr

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.

Peru detains leader of anti-mining protests then frees him after increased hostility

Cecilia Jamasmie | July 5, 2012
Amaro

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.

Anti-Newmont protests in Peru force government to declare a state of emergency

Cecilia Jamasmie | July 4, 2012
strike_riot_politics_protest

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.

Newmont applies substantial cuts to investment in controversial $4.8 billion Conga project in Peru

Cecilia Jamasmie | May 24, 2012
guillotine333

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 looking at other options if Conga costs continue to climb

Cecilia Jamasmie | May 1, 2012
finance_redirect_detour_change

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’s profit grows 9% despite Peru’s Conga Mine project difficulties

Cecilia Jamasmie | April 30, 2012
Newmont's Peru ambitions take another knock as water authority rejects Yanacocha expansion

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.

Newmont chief says Conga gold mine could be abandoned

Associated Press | April 28, 2012

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.

Two gold mining companies undervalued compared to gold

Seeking Alpha | April 26, 2012

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…

Civil strike against mining project shuts down Cajamarca —again

MINING.com Editor | April 16, 2012
strike_riot_politics_protest

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.

Vale, Newmont Retain Appetite for Indonesia Mines Amid Stake Cut

Bloomberg | March 15, 2012

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.

Newmont slides after taking $1.6 billion Arctic hit

Frik Els | February 24, 2012
polar_bear_fight_finance_canada

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.

Thousands of Peruvians walk 870k to protest mine

Andrew Topf | February 18, 2012
peru_road

Peruvians in the northern region of Cajamarca are not giving up easily in their fight over Newmont Mining's proposed Conga copper-gold mine.

Newmont Mining finds two suitors for coal tenements

The Australian | February 2, 2012

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.

Newmont To Pay $2 Billion In Taxes For Peru's Conga Mine After Protests

TheStreet.com | January 20, 2012

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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