Minas Conga will require a 3000 million dollars investment
Newmont’s Senior Official, Guy Lansdown said, "We are engaged with Peru and willing to make a 3 million-dollar investment to create sustainable development"
After having obtained the social license at the Public Audience of Cajamarca, with the aim to develop the project which will add half-million tons of copper to the national production, Conga Project, represented by Executive vice-president Guy Lansdown, had an important participation at the XI International Symposium of Gold.
In this event, the participation of Conga project was considered one of the most important gold-copper projects from Compañía de Minas Buenaventura and Newmont Mining Corporation. Conga operations will be managed by Yanacocha Peruvian Unit, the most important gold mining company in Latin America.
Newmont is planning to start Conga Peruvian project by the end of 2014 or at the beginning of 2015, so the decision about the advance of the project would be taken at the end of this year. Guy Lansdown said that the future project will require a strong investment of around 2,500 or 3,000 million dollars.
He also mentioned that the investment in Peru is favorable and competitive comparing with other countries of the region such as Chile, Mexico, and Brazil. "Keeping this investment environment is the key for which Peruvian economy is open, we are so pleased with the environment we have for gold investment."
Conga is an innovative mining project that wants to set up a new environmental and social management model for its influential area. The one will work on the construction of sustainable development of Cajamarca by generating direct and indirect jobs as well as social and economical contributions.
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