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Newmont halts work in Peru

Newmont halts work in Peru
October 18
18:30 2011

CAJAMARCA – According to Newmont Mining Corporation, the Yanacocha gold mine in Peru has shut down operations citing worker safety due to protests in the area.

Protesters have blocked a the Cajamarca road at kilometer 28 which leads to the mining site.

burnt mining truck Newmont halts work in Peru

One of the mining trucks burnt by protesters at the Yanacocha gold mine in Peru. Photo: Newmont company website.

Protesters set a lot of equipment such as bulldozers and other earth-moving vehicles on fire. the equipment belonged to a mining services company, totaling a loss of $2 million.

The mine, co-owned by Buenaventura, decided to cease all operations to ensure the safety of its employees.

Protesters have taken to the streets over compensation payments due to the $4.8 billion expansion plan for the Yanacocha mine.

Local residents of the La Encañada district are pressuring the mining companies to sign a community relations pact pledging $72 million dollars (200 million soles).

The company has been invited by Cajamarca regional government officials to a dialog, which they are of course willing to attend.

Yanacocha produces approximately 1.6% of the world’s gold, and is one of the largest gold mines in Latin America.

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