NEM’s $4.8B Project Under Review
Newmont Mining Corp.’s (NYSE:NEM) Minas Conga gold and copper project of $4.8 billion is under Peru government’s 40-day review over concerns regarding its impact on the local water supply. The Peru government has appointed two Spanish engineers to review the project, which was temporarily suspended in November 2011 following violent demonstrations by local residents. The project [...]
Newmont Mining Corp.’s (NYSE:NEM) Minas Conga gold and copper project of $4.8 billion is under Peru government’s 40-day review over concerns regarding its impact on the local water supply.
The Peru government has appointed two Spanish engineers to review the project, which was temporarily suspended in November 2011 following violent demonstrations by local residents.
The project will provide the company with significant revenues by the taxes levied on the mined product. Newmont expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards