Peru - Newmont Mining Mines project Conga at the end of 2011

12-04-2010 it orbits
Peru - Project Conga of Yanacocha realizes Public hearing successfully
The hamlet of San Nicolás of Chalhuagón was the stage of a historical activity for the settlers of the hamlets of Huasmín, Sorochuco and The Ravine, of the provinces of Celendín and Cajamarca.
On Wednesday, the 31st of March 2010, there was realized the Public hearing that presented the results of the Study of Environmental Impact (EIA) of the Project Conga.
From 9 a.m. the delegations were coming from diverse forms, traveling, in vans and buses, some accompanied by his community authorities, others of his mayors and governing lieutenants. The stage was massive. It is anticipated that there were about 4.000 rural assistants, although they registered and 3,094 took part officially in the Hearing.
In the event, the diverse worries were answered by the technical staff of Yanacocha, who presented the principal characteristics of the Project Conga, and for the specialists of the international counsel in charge of the Study of Environmental Impact (EIA).
Darío Zegarra, Manager of External Matters of the Project Conga, said: "We are very grateful with our neighbors since we have agreed in a common interest, this mining project is a big opportunity”.
Since the Project Conga is known it has surprised many critics who were accusing to the mining of stealing the water from him to the agricultural activities. The surprise takes root in that Yanacocha will construct 4 reservoirs that will begin to work before it produces the mine and that they will compensate fully the lagoons that will be affected.
The EIA proposes to duplicate the capacity of storage of these lagoons with the above mentioned reservoirs.
The hearing was presided by the representatives of the Department of Energy and Mines (MEM) and the Regional Direction of Energy and Mines of Cajamarca.
Once the remarks of the citizens have been gathered and the Department has approved this Project, one hopes that Yanacocha should decide to invest again in the Region in what would be one of the more important projects of copper and gold of Peru.
Héctor Araujo, governing lieutenant of the hamlet San Nicolás said that in his community they are sure that the mining brings development, but he is sorry that there are persons who look for personal benefits and try to stop the development from the social mining investment and ambientalmente responsible.
On having turned into mine, the Project Conga would mean between 800 to 1000 million dollars in privileges and mining canon for the region and the local governments of Cajamarca, along the life of the project.

29-10-2009 Newmont Mining Corp
Peru - Newmont has between priorities to develop project I pray in Conga
Newmont Mining Corp, the second biggest producer of gold of the world, said that it has between his priorities to develop the project of precious metals, Conga, in Peru. Newmont will give priority also to his brochure Akyem in Ghana and that his mine Boddington in Australia is close to producing gold at commercial level. “I say to them that obviously Akyem and Conga it is two o'clock that are between our priorities. I believe that both give good economic income to the company, even with the prices of the gold at low levels.”, he said to analysts of Wall Street during a discussion on the Newmont results in the third trimester. Conga, a golden project and copper, it is located close to the mine Yanacocha, in the Peruvian Andes, also of Newmont.

13-08-2009 he was investing
Peru - Newmont says that he still does not decide on project Mines Conga
Newmont Mining Corp said that he still has not decided if it will develop his project of copper and gold You mine Conga in the north of Peru, which was postponed by the impact of the world economic crisis.

2008
The American Newmont Mining Corp postponed up to the first trimester of 2009 his decision of development of the Peruvian project of gold and copper You mine Conga, due to the world financial crisis.
The signature Newmont was gliding to announce at the end of year when there would begin to operate his project and details on how it would develop.
Mines Conga there is a promising project of gold and copper of the signature Yanacocha in Peru, controlled by Newmont Mining Corp, and according to plans previous to the company it might begin to operate at the end of 2011 or beginning of 2012.
For the Mines development Conga, which has a potential of 14 million golden ounces, needs from itself an investment for 1.500 million dollars, according to the company Newmont.