The Yanacocha Project

The gold mining and ore processing operations of Minera Yanacocha S.A. are 10cated in an area 4,000 meters above sea level in the Peruvian Andes same 600 km north of Lima and 20 km north of Cajamarca. The joint venture partners are Newmont Second Capital (USA); Compania Minera Condesa (Peril); Mine Or (France) and the IFC. Newmont manages the operation. The Yanacocha district comprises several areas with mineralization evidence. The first ore with minable reserves of 28 million tonnes of ore assaying about 1.4 gpt Au is called Carachugo and is being mined and treated at the rate of 14,000 tonnes of ore per day by open pit mining methods. ROM ore is dump leached and the gold recovered in a Merrill Crowe plant. The plant design incorporates some unusual considerations to overcome the problems of the high rainfall in this area and assure the protection of the environment.