International news within the industry of mining and metal, Jul, 23 2018
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US miner sells stake in Peruvian gold mine to Japanese firm

Photo: Newmont
Photo: Newmont
Published by
Jaroslaw Adamowski - 26 Jun 2018

NYSE-listed Newmont Mining has sold a stake in its Yanacocha gold mine in Peru to Japans Sumitomo Corp for $48 million. The Japanese company bought 5% of the shares in the mine.

 

"Yanacocha is South America's largest gold mine, located in the province and department of Cajamarca, approximately 800 kilometers northeast of Lima, Peru. The operation is a joint venture between Newmont Mining Corporation (51.35%), Minas Buenaventura (43.65%) and Sumitomo Corporation (5%)," Newmont said in a statement.

 

The US company says it is a leading gold and copper producer with operations located predominantly in the US, Australia, Ghana, Peru and Suriname.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...