Producer

Newmont Corporation

HQ US · Coloradowebsite ↗

Newmont Corporation (NYSE: NEM; HQ Denver; ~$18B revenue) is the world's largest gold miner and operator of mines across Peru, Ghana, Australia, Canada, and Nevada. Newmont's most significant water-related supply chain risk materialized in Peru: the Conga gold-copper project (Cajamarca region, Peru) was halted in 2012 after community protests centered on the project's planned conversion of four natural lakes — used as local water sources — into mine tailings reservoirs. The Conga project represented ~$5 billion in planned investment; Newmont had already spent ~$700M in pre-development when Peruvian protests forced a suspension that became permanent. Conga is the most prominent case in mining history of a water rights conflict directly killing a major project at advanced development stage. Newmont's Peruvian operations continue to face water-related community relations challenges at Yanacocha (the largest gold mine in South America).

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