Posts Tagged ‘newmont mining corp’

Peru’s Prime Minister said on Tuesday Newmont Mining’s stalled Conga project will be developed as the government could end up with a “huge” compensation payment if the $4.8 billion mine does not go ahead. Newmont stopped construction of the copper-gold project in November after violent protests in the poor Cajamarca region of northern Peru. Business News Americas reports PM Óscar Valdés told daily La ... Full story

Reuters reports schools and businesses were closed and Peruvian police fired tear gas on Friday to break up a protest at Newmont Mining and Buenaventura’s proposed $4.8 billion Conga gold mine as the government tried to mediate a bitter environmental dispute over the project. Residents in the northern city of Cajamarca which has more than 200,000 residents (pictured), led by the president of the ... Full story

Reuters reports political and community leaders in Peru's Cajamarca region demanded on Wednesday that Newmont Mining and partner Buenaventura abandon their $4.8 billion Conga project after threeway talks with the central government failed. Full story

%content%Read more here:Newmont pays more than $47 million to Ghana government Full story

%content%Read more here:Is Newmont Mining a refuge for investors? Full story

While there is much discussion in the gold industry currently as to whether gold stocks are undervalued in relation to the seemingly unstoppable run on the gold price, one company that appears to be bucking the trend is Newmont Mining (TSX:NMC). Denver-based Newmont, the world's second largest gold producer, said in April it would link its dividend to the price of gold, and on Monday, ... Full story

Gold miner Newmont Mining Corp's (NEM) Peruvian subsidiary aims to double annual output to 2.5 million ounces by 2017, once the key projects start operations. Yanacocha, a joint venture between Newmont and Peru's Buenaventura, is developing the $4.8 Full story

%content%Read more here:Newmont named to Dow Jones Sustainability World Index for fifth straight year Full story

* Newmont, Buenaventura building Peru's most expensive mine * Minas Conga to start producing gold in 2014 Yanacocha, a joint venture between Newmont and Peru's Buenaventura , is developing the $4.8 billion Minas Conga. It will be the largest investment Full story

%content%Read more here:North Star property sold to Newmont Mining Full story