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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Broken_Clock who started this subject	6/17/2003 11:17:15 PM
From: Anchan	Read Replies (1) of 587

Newmont Peru bows out ofChinguela farm-in with AKD in Peru. June 18 letter from AKD (Australia) to Australian Stock Exchange today announces that Newmont Peru Ltd has withdrawn from the farm-in agreement whereby it would acquire a 70% interest in AKD's Chinguela gold property in northern Peru. Accordingly, diamond drilling this quarter will now not take place. Reason is reported to be community i.e. environmental concerns (anti-mining rallies). In other words, Newmont Peru has not been able to convince people in the area that mining there would be a good thing.

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