Archive · 13 Dec 2025
Illegal Miners Invade Newmont's $4.8B Gold Project in Peru
Big gold company Newmont has a huge project in Peru called Minas Conga.
But some people who aren't supposed to are digging for gold there.
The government says this is bad because it hurts the environment and causes problems.
The project was stopped a long time ago because people didn't want it, but now illegal miners are causing pollution.
The government is trying to figure out what to do about it.
Illegal miners have invaded Newmont's $4.8 billion Minas Conga gold project in Peru.
Prime Minister Ernesto Alvarez reported the illegal exploitation of the project.
High gold prices are incentivizing illegal mining in rural areas of Peru.
The project was halted in 2010 due to farmer opposition and violent protests.
Illegal mining is causing pollution and environmental damage in the region.
- Who
- Newmont Corp. and illegal miners
- What
- Illegal mining at the Minas Conga project
- When
- Ongoing, with recent reports on Friday
- Where
- Cajamarca region, northern Peru
- Why
- High gold prices and lack of legal mining development
- Company
- Newmont Corp.
- Project
- Minas Conga
- Location
- Cajamarca, Peru
- Project Value
- $4.8 billion
- Issue
- Illegal mining
- Government Official
- Prime Minister Ernesto Alvarez
- Controversial Permit
- Reinfo
- Mining Industry Chamber
- SNMPE