Peruvians in Cajamarca stop the building of giant gold mine, 2011-2012
In February 2010, U.S.-based Newmont Mining Company proposed a joint venture with the Peruvian company Mina Buenaventura to build the Conga mine, a new gold mine, in the Cajamarca region of Peru. Newmont proposed investing $4.8 billion in the project, the largest investment in Peru’s history, and the mine would become the second largest gold mine in the world. Newmont hoped to begin production in either 2014 or 2015, upon getting permission from the Peruvian government. Newmont submitted an environmental impact study for the Conga mine, which the Peruvian government approved.