Newmont Mining's (NEM -0.5%) Minas Conga copper and gold project, which has faced stiff...

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

Newmont Mining's (NEM -0.5%) Minas Conga copper and gold project, which has faced stiff opposition from local residents, is on the "back burner," Peru Prime Minister Juan Jimenez says, adding that businesses in the region where the project is located have been negatively affected by the uncertainty. BAML now says there's a "high probability" the project will be canceled.