- We transformed the Kori Kollo open pit into a beautiful lake that provides habitat for wildlife.
- Newmont is helping nearby communities sustain themselves following mine closure.
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Newmont Transfers Ownership of Bolivia Mine
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Newmont Transfers Ownership of Bolivia Mine
On July 23, 2009, Newmont announced the transfer of its interest in Empresa Minera Inti Raymi S.A., which owned the Kori Kollo gold mine and Kori Chaca gold mine, to Compania Procesadora de Minerales S.A. ("CPM"), a company controlled by Newmont's long-time Bolivian partner Jose Mercado.
"We are pleased that our local partner asked for the opportunity to continue operations, which will benefit the workers, local businesses and communities," said Brian Hill, Newmont's Executive Vice President, Operations. "Based on our mine plan, Kori Kollo was expected to move into closure in the second half of this year. We believe transferring ownership to CPM is a win-win solution for Newmont, Mr. Mercado, the Kori Kollo employees and the local communities."