Peru to release Conga Mine water use report today

10:17 | Lima, Apr. 17 (ANDINA).

A report by three international experts on the Minas Conga copper and gold project in northern Peru's Cajamarca region will be made public today, according to the Presidency of the Council of Ministers (PCM).

The report will be presented at noon at the headquarters of the PCM.

The consultants Rafael Fernandez Rubio, Luis Lopez Garcia and Jose Martins Carvalho -hired by the Peruvian government- have completed the report and will turn it over to the government on Tuesday.

Once submitted, the report will become a public document, the PCM had said in a statement.

The international consultants reviewed the water aspects of the environmental impact study for Newmont Mining and Buenaventura's now stalled Conga mining project. The report will be key in deciding whether the $4.8 billion project in Cajamarca proceeds.

Conga is Peru's biggest mining project. Newmont owns 51.35% of Conga, while Compania de Minas Buenaventura SA and the International Finance Corp. have minority stakes.


Published: 4/17/2012