Higher CAPEX Required for Newmont’s Conga Gold Project

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.

Click here to read the full Bloomberg report.