Newmont Goldcorp resuming production at Peñasquito in Mexico

Newmont Goldcorp has announced ithas safely started up production at the Peñasquito mine in Mexico following the lifting of the illegal blockade on October 8.
With the support of the State and Federal governments, including an ongoing police presence, the company has commenced an approximately 10-day process of bringing back the operation to full production.
“We appreciate the government’s efforts to uphold the law by assuring ongoing access to and from Peñasquito while continuing to sponsor the dialogue process, should that continue to be needed,” said Tom Palmer, President and Chief Executive Officer.
“Our focus is on ensuring a safe start up of operations so our workforce can return to their jobs in an orderly manner.”
SEE ALSO:
Newmont Goldcorp’s Ahafo Mill hits commercial production in Ghana
Newmont Goldcorp top gold miner on Dow Jones sustainability index
Newmont Goldcorp opens Borden ‘mine of the future in Ontario
Read the latest issue of Mining Global here
Peñasquito has enhanced water availability for the mine’s 25 neighboring communities through a number of projects including water treatment plants, new wells, pipelines and water trucks, along with 90 other infrastructure and community development projects.
This includes installing and operating a Reverse Osmosis water treatment plant in the Cedros community in 2018 with a capacity of 600,000 litres of drinking water per day.
Peñasquito directly employs more than 6,500 people while supporting another 20,000 indirect jobs in the region. Since 2005, the Company has invested approximately $5bn in Peñasquito.
The open-pit mine produced 272,000 ounces of gold last year, accounting for about 17% of the combined company’s net asset value and 4.2% of the Newmont Goldcorp’s total projected 2019 gold output of 6.5 million ounces.
Featured Articles
Rio Tinto completed its US$6.7bn acquisition of Arcadium Lithium, making it a key company in raw materials mining for batteries in the energy transition
Intel first began to work towards responsibly sourced conflict minerals from the Democratic Republic of Congo and adjoining countries about 12 years
International Energy Forum says mining is the 'paradox' at heart of quest for clean energy but recognises the industry is addressing sustainability issues