Peru Grants Approval to Start Newmont-Buenaventura Gold Mine

9 August 2010 (Last Updated August 9th, 2010 18:30)

Peru has permitted Newmont Mining and Buenaventura to begin operations at the La Zanja gold mine in the northern region of Cajamarca. La Zanja is expected to produce more than 100,000oz of gold annually. Buenaventura, Peru's biggest precious metals producer, owns 53% of La Zanja w

Peru has permitted Newmont Mining and Buenaventura to begin operations at the La Zanja gold mine in the northern region of Cajamarca.

La Zanja is expected to produce more than 100,000oz of gold annually.

Buenaventura, Peru's biggest precious metals producer, owns 53% of La Zanja while the rest is owned by Newmont Mining.