Newmont Mining (NEM +2.6%) says it will cut capital spending on a controversial gold mine...

|About: Newmont Mining Corporation ... (NEM)|By:, SA News Editor

Newmont Mining (NEM +2.6%) says it will cut capital spending on a controversial gold mine project in Peru to $440M from a previously budgeted $1.5B over the next 18 months due to delays caused by government and environmental reviews. NEM is expected to make a final decision by the end of June on whether to go ahead with the project.