Newmont mine "on back burner": Peru cabinet chief

Rain's picture

Reuters
LIMA | Thu Aug 23, 2012 11:31am EDT

Andean people destroy a sign of Newmont Mining during a protest against the company's proposed $4.8 billion Conga gold mine, near the Cortada lagoon, in the Andean region of Cajamarca November 24, 2011. REUTERS/Enrique Castro-Mendivil

Andean people destroy a sign of Newmont Mining during a protest against the company's proposed $4.8 billion Conga gold mine, near the Cortada lagoon, in the Andean region of Cajamarca November 24, 2011. Credit: Reuters/Enrique Castro-Mendivil

(Reuters) - Newmont Mining Corp's $5 billion Conga gold project is "on the back burner," Peru's government said on Thursday - a sign that it will stop trying to overcome local opposition that has resulted in violence and two cabinet shuffles.

Prime Minister Juan Jimenez made the comments after a poll by survey firm Ipsos showed 78 percent of people in the northern Peruvian region of Cajamarca opposed the planned mine.

To read the rest of this story, visit Reuters.com.

Category: