Newmont mining company to invest at least US$500 million in Peru

Newmont mining company announced that it will invest at least US$500 million until the end of 2022 in Peru to advance the Yanacocha Sulfides project, while the uncertainty caused by the Covid-19 pandemic is resolved.

RIO DE JANEIRO, BRAZIL - The American company said, in a statement released by local media, that this investment will be used for preparatory activities such as detailed engineering, long-term acquisitions and earthworks.

Given the uncertainty caused by the pandemic, it added that it will make a decision on the project's total financing, to be developed in the northern region of Cajamarca during the second half of 2022.

Meanwhile, it will continue to work and engage with neighboring communities, local authorities and the government of President Pedro Castillo on issues such as the extension of the project's financing . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?