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Peru Hires Consultants for Newmont Mine Review, Republica Says

Peru’s government hired consultants to conduct an environmental review of Newmont Mining Corp. (NEM)’s stalled $4.8 billion Peruvian gold project, daily La Republica reported in its online edition.

Cabinet Chief Oscar Valdes’s office signed contracts with Spanish consultants Luis Lopez and Rafael Fernandez and will sign a third with Portuguese geologist Jose Martins Carvalho to overhaul the environmental impact study for the Minas Conga deposit, the Lima-based newspaper said, citing state electronic contracting agency Seace.

The 40-day review of the Minas Conga project, postponed by environmental protests in November, will cost 647,000 soles ($240,000), La Republica said.

Newmont welcomes the review, spokesman Omar Jabara said today in e-mailed comments. Valdes’ spokesman Luis Urmeneta didn’t immediately respond to a telephone call and an e-mail seeking comment.

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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