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Higher CAPEX Required for Newmont’s Conga Gold Project
May. 01, 2012 06:47AM PST
Precious Metals Investing
Bloomberg reported that Newmont Mining’s (NYSE:NEM) Peru-based Conga gold project will require more spending.
Bloomberg reported that Newmont Mining’s (NYSE:NEM) Peru-based Conga gold project will require more spending.
As quoted in the market news:
Peru suspended the project and commissioned an environmental review after Andean farmers, concerned that the project would dry up water supplies, blocked roads and destroyed Newmont’s installations in November.
