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Newmont sticks to mine investment delay, dashing Peru hopes
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian government’s hopes of a forthcoming announcement. Peru’s Energy and Mines Minister Romulo Mucho told a local outlet that he hoped Newmont would announce a commitment to the project later this month, when chief executive officer Tom Palmer is scheduled to speak at a conference in Lima. But in a written response to Bloomberg, Newmont said the time-line remains unchanged, with no decision expected before at least 2025. “We will continue to work closely with government stakeholders, business ... (full story)