Newmont Gold Project Suspension Undermines Peru Investment Plans
News from Bloomberg:

Newmont Mining Corp., which scrapped a $ 4.8 billion gold project in Peru following violent anti- mining protests, is the fourth company to call off investment in the Andean nation this year amid waning output at aging mines.

The stoppage of Minas Conga, the nation’s biggest project, was “required by the government of Peru and for the sake of reestablishing tranquility and social peace,” Denver-based Newmont said in an e-mailed statement. Newmont, the largest U.S. gold producer, said it will seek talks with the government and communities opposing the mine.

Environmental protests by farmers fearing mining will pollute water sources have halted projects by companies including

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