Yanacocha ramifications

NEWMONT Mining’s decision to abandon the Cerro Quilish gold deposit at the giant Yanacocha project in Peru is having collateral effects with a Peru-based partner in the mine saying it is re-evaluating reserve estimates.

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Compania de Minas Buenaventura, which has a 43.65% stake in Yanacocha, said it was looking at reserve estimates now that Newmont has asked the government of Peru to revoke its licence on the 3.

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