Newmont Suspends $4.8 Billion Peru Gold Mine on Protests
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Newmont Mining Corp., the largest U.S. gold producer, said it suspended a $4.8 billion gold project in Peru after anti-mining protests left at least 17 wounded and two arrested today.
The stoppage was decided “as required by the government of Peru and for the sake of reestablishing tranquility and social peace,” Denver-based Newmont said today in an e-mailed statement. Newmont said it will seek talks with the government and communities opposing the mine.