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Newmont Mining Corp. plans to increase its $37.7 million investment in social programs and review consultants’ recommendations on environmental studies in a bid to open its stalled $4.8 billion Peruvian gold project, vice president Carlos Santa Cruz said.
Newmont, which has invested $800 million in its Minas Conga deposit to date, has lost $2 million a day on delays since environmental protests forced the company to suspend the project in November, Santa Cruz said.
