Peru's Energy and Mines Ministry will allow a local unit of Newmont Mining Corp. (NEM) to receive mining concessions in the border area with Ecuador.

Peru's constitution prohibits foreign companies from acquiring any property for mining and other activities within 50 kilometers of its borders.

The government published a supreme decree on Thursday allowing Newmont to obtain 20 mining concessions near the border with Ecuador.

Newmont currently runs the giant Yanacocha gold mine in northern Peru.

-By Robert Kozak, Dow Jones Newswires; 51-1-99927 7269; peru@dowjones.com

 
 
Newmont (NYSE:NEM)
Gráfico Histórico do Ativo
De Set 2020 até Out 2020 Click aqui para mais gráficos Newmont.
Newmont (NYSE:NEM)
Gráfico Histórico do Ativo
De Out 2019 até Out 2020 Click aqui para mais gráficos Newmont.