Newmont confident Peru will approve Conga mining project

Richard O’Brien, CEO of Newmont Mining Cortechnical specification of ball millporation, said he is confident the Peruvian government would approve the proposed Conga mining project.

The $4.8 billion project has been delayed due to strong opposition by locals, who fear the mine would affect local water supplies. The protests, O’Brien said, were headed by a regional politician who was unhappy with the Humala administration. "The president supports the mining and the Conga project. It is an important investment for the company and the country. The president knows that social inclusion depends on new revenue," O’Brien said. “[Humala] wants the project to continue,” he added. He said that Newmont and its Peruvian partner Buenaventura were able to...