Newmont Corporation has committed $800 million to expand mining at Cerro Negro in Argentina, the Minister of Economy Luis Caputo announced on X, as confidence in the country’s mining sector continues to grow.
“This investment aims to strengthen the company’s operational safety, boost employment, and promote regional development,” Caputo wrote on Feb. 24.
The investment will be used to restart and enlarge the Cerro Negro Expansion 1 project to extend the life of the mine beyond 2030, according to the company based in Denver, Colorado.
The Cerro Negro mine, located in the Patagonia region of Santa Cruz Province and about a two-hour drive from the closest community, is one of the world’s largest gold mines. The closest commercial airports are in Buenos Aires, which is a six-hour drive away….
Newmont to Invest $800 Million to Expand Cerro Negro Mine in Argentina
