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Newmont to invest $800 million in Argentina’s Cerro Negro

Kitco Media
By Reuters
Published:
Updated:
Reuters
Newmont to invest $800 million in Argentina’s Cerro Negro teaser image

Newmont will invest approximately $800 million in Argentina’s Cerro Negro mine, the country’s Economy Minister, Luis Caputo, said on Tuesday.

The investment will be used to restart and expand the Cerro Negro Expansion 1 (CNE1) project, which aims to extend the mine’s operational life beyond 2035.

“This investment aims to strengthen the company’s operational safety, boost employment, and promote regional development,” Caputo wrote in a post on X.

(By Iñigo Alexander; Editing by Natalia Siniawski)

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