Newmont abandons Peru project

MORE than US$1.5 billion worth of gold will stay in the ground at Newmont’s Yanacocha project in Peru after the US miner walked away from a dispute with nearby residents.

Newmont abandons Peru project Newmont abandons Peru project Newmont abandons Peru project Newmont abandons Peru project Newmont abandons Peru project

Newmont said in a statement that it had asked the government of Peru to revoke its licence on the Cerro Quillish deposit at Yanacocha because opposition was too strong.

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