Newmont sold our interest in the Empresa Minera Inti Raymi, or Kori Kollo, operation to Compania Procesadora de Minerales S.A., our long-time Bolivian partner. As part of the transaction, a reclamation trust fund will be established with the proceeds to be made available exclusively to pay for closure and reclamation costs when operations eventually cease.
The buyer assumed all obligations of the operation and agreed to pay Newmont a nominal royalty from future production. With this sale, Newmont has no remaining operations in Bolivia.
