Conga: watch this space

10 July 2016

Gary Goldberg, CEO at Newmont Mining, has said that he intends to visit Peru towards the end of this year, with a view to discussing with the new Kuczynski government ways of moving ahead with developing the giant Conga mining deposit in Cajamarca.

As PSG Newsletter readers will recall, the project was suspended in 2012 following repeated protests by local communities over the likely social and environmental damage that the project would create. Newmont, the world’s second largest gold producer, is part of the Yanacocha consortium, along with Peru’s Buenaventura Mining and the International Finance Corporation (IFC), an arm of the World Bank.

Goldberg is quoted as saying “I have heard good things about the new president and his desire to promote development with the support of local communities”. He claimed that Yanacocha was actively involved in seeking local support.
http://gestion.pe/empresas/newmont-quiere-reunion-ppk-discutir-viabilidad-conga-2164963

Yanacocha’s record of community relations over the years has been poor, to say the least.

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