Newmont Mining
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Newmont applies substantial cuts to investment in controversial $4.8 billion Conga project in Peru
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.
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Newmont looking at other options if Conga costs continue to climb
Cecilia Jamasmie | May 1, 2012
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.
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Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties
Cecilia Jamasmie | April 30, 2012
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.
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Newmont chief says Conga gold mine could be abandoned
Associated Press | April 28, 2012The 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.
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Two gold mining companies undervalued compared to gold
Seeking Alpha | April 26, 2012Barrick 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…
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Civil strike against mining project shuts down Cajamarca —again
MINING.com Editor | April 16, 2012
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.
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Vale, Newmont Retain Appetite for Indonesia Mines Amid Stake Cut
Bloomberg | March 15, 2012Global 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.
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Newmont slides after taking $1.6 billion Arctic hit
Frik Els | February 24, 2012
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.
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Thousands of Peruvians walk 870k to protest mine
Andrew Topf | February 18, 2012
Peruvians in the northern region of Cajamarca are not giving up easily in their fight over Newmont Mining's proposed Conga copper-gold mine.
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Newmont Mining finds two suitors for coal tenements
The Australian | February 2, 2012Gold 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.
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Newmont To Pay $2 Billion In Taxes For Peru's Conga Mine After Protests
TheStreet.com | January 20, 2012The 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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Newmont trying hard to divert protestors’ attention in Peru by stressing Conga copper-gold mine community benefits
Cecilia Jamasmie | January 6, 2012
As protests against the $4.8 billion Conga project in Peru resumed this week, Newmont Mining Corporation (NYSE: NEM) has put together a strategic document outlining its community investment projects related to the gold-copper project.
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New mining minister appointed in Peru amid deepening crisis
Cecilia Jamasmie | December 12, 2011
Jorge Humberto Merino, an engineer who worked for the Peruvian government agency that promotes foreign investment, swore in last night as the new mines and energy minister, amid a mining crisis that has had the country under state of emergency since Dec. 4.
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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