Overview
Newmont is developing its portolio o world-class miningopportunities, including the Conga project in Peru, a large,copper-gold porphyry located 24 kilometers northeast oNewmont’s Yanacocha gold mine.Conga is part o Newmont’s strategic plan to reach 7 millionounces o gold and 400 Mlbs o copper by the year 2017while developing a diverse South American asset base. Withan expected mine lie o approximately 19 years, Newmontand its partners, Compania de Minas Buenaventura and theInternational Finance Corporation, will leverage its existingoperations at Yanacocha to develop Conga’s potential withina world-class mining district.In October 2010, the project’s Environmental Impact Assess-ment (EIA) was approved by the Peruvian authorities. Current-ly Newmont is securing the permits required to start miningand the construction o the process plant, as well as initiatingconstruction o sediment control structures and platorms inpreparation or the project’s rst concrete pour, scheduled orthe rst hal o 2012.Newmont will continue to advance the project in 2012 with aocus on completing detailed engineering and procurementactivities. Construction o the mill and mining activities arealso set to begin in 2012. Production is expected in late 2014to 2015. As o December 31, 2010, Conga held approximately 6.1million attributable ounces o gold reserves and 1.7 billion at-tributable pounds o copper reserves or the Conga Project.
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Conga is a large, copper-gold porphyry located 24 kilometers northeast oNewmont’s existing operations at Yanacocha in Peru.
Conga
Conga road construction underway
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