- Newmont’s Peruvian operation is the largest in Latin America.
- Minera Yanacocha has reforested 13,296 acres of trees to reverse historical deforestation in this area.
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The South America Region
Operating the largest gold mine in Latin America requires Newmont to ensure our production and environmental standards abide by the laws regulating mining activities both at a domestic and international level. We are a company that promotes the permanent growth of the region in compliance with responsible practices that value our workers and those engaged in forming a better society in which mining can coexist with the other productive activities of the region.
On July 23, 2009, Newmont announced the transfer of its interest in Empresa Minera Inti Raymi S.A., which owned the Kori Kollo gold mine and Kori Chaca gold mine, to Compania Procesadora de Minerales S.A. ("CPM"), a company controlled by Newmont's long-time Bolivian partner Jose Mercado.
Minera Yanacocha, Peru
Located high in the Andes Mountains of Peru, Yanacocha is the largest gold producer in Latin America. With three active open pits, production has exceeded 26 million ounces since the mine opened in 1993. Although just 6 miles away from the city of Cajamarca, much work has been done to build roads and improve basic infrastructure for the operation in the area.
Click here to visit our Peruvian joint venture, Minera Yanacocha.
Minas Conga, Peru
The Conga Project in Peru involves surface mining of a large copper porphyry deposit also containing gold that is located 24 kilometers northeast our Yanacocha Gold Mine, which is also a joint venture between Newmont and Buenaventura. Full funding for the project was approved by Newmont’s Board of Directors in July 2011 and the project is anticipated to provide employment for 5,000-7,000 during construction, with priority given to locals for employment and contracted services.
The public engagement process leading up to the approval included approximately 13,000 people from the neighboring communities, the Cajamarca region and elsewhere.
Water management practices incorporated in the Environmental Impact Assessment (EIA) were based on more than 10 years of hydrology and engineering studies conducted by respected independent firms. In addition, the Conga water management program is designed to provide a year-round water supply to surrounding communities.
We’re committed to transparently sharing information about the Conga project and our efforts in the region. The following documents provide information on our community engagement, the EIA process and information about independent reviews of the EIA.
Fact Sheets
EIA Report
- Executive Summary (Spanish)
- Executive Summary (English)
- Full Translated EIA (full document)
- Full Translated EIA (ability to download specific sections)
Independent EIA Review
- Official Version (Spanish)
- Full Translated Review (English)
Response to Dr. Robert Moran’s Review of the EIA