Newmont To Reduce Spending In Peru
According to Reuters, mining company Newmont Mining Corp. (NYSE:NEM) announced that it will reduce the amount that it plans to spend on its gold mine project in Peru by two-thirds due to delays caused by the Peruvian government and environmental reviews. The company noted that it will cut the costs on the project for the [...]
According to Reuters, mining company Newmont Mining Corp. (NYSE:NEM) announced that it will reduce the amount that it plans to spend on its gold mine project in Peru by two-thirds due to delays caused by the Peruvian government and environmental reviews.
The company noted that it will cut the costs on the project for the 2012-2013 period and now expects to spend about $440 million, significantly down from its previous outlook of $1.5 billion. As per the report, Newmont is also considering whether … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards