{"id":1155456,"date":"2019-12-13T07:48:30","date_gmt":"2019-12-13T13:48:30","guid":{"rendered":"https:\/\/www.mining.com\/?p=1009192"},"modified":"2019-12-13T07:48:30","modified_gmt":"2019-12-13T13:48:30","slug":"newmont-goldcorp-mexican-community-reach-crucial-water-deal","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1155456","title":{"rendered":"Newmont Goldcorp, Mexican community reach crucial water deal"},"content":{"rendered":"<p>Newmont Goldcorp (NYSE: NEM) (TSX: NGT), the world\u2019s No.1 gold miner, has reached what it calls a \u201cpivotal point\u201d at its Pe\u00f1asquito gold-silver operation\u00a0in Mexico, after inking an <a href=\"https:\/\/www.newmontgoldcorp.com\/newsroom\/news-details\/?newsId=6f2ec502-80b4-4b70-a9d0-d8732c3cd42c\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">agreement on water supply<\/a> with one of the mine\u2019s 25 nearby communities.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The 30-year agreement guarantees the San Juan de Cedros community, in Zacatecas,\u00a0additional water wells and infrastructure that will supplement the 600,000 litre-per-day Reverse Osmosis drinking water plant and wells the mining giant built last year. <\/p>\n<p>As part of the deal, the municipality will participate in the operation of the new water facilities to be built as the public water system and the distribution networks will ultimately be owned by the municipality, <a href=\"https:\/\/www.newmontgoldcorp.com\/newsroom\/news-details\/?newsId=6f2ec502-80b4-4b70-a9d0-d8732c3cd42c\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Newmont Goldcorp said<\/a>.<\/p>\n<p>Production at Pe\u00f1asquito as well as exports of lead and zinc concentrates\u00a0from the mine were interrupted at least twice this year. The last blockade, <a href=\"https:\/\/www.mining.com\/newmont-goldcorp-begins-gradual-resumption-of-operations-at-mexico-mine\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">lifted in October<\/a>, hit the asset\u2019s third-quarter production by about 11,000 gold ounces, 1.7 million silver ounces, 13.7 million pounds of lead and 22.8 million pounds of zinc.<\/p>\n<p>The open-pit mine employs more than<br \/>\n6,500 people and supports another 20,000 indirect jobs in the region.<\/p>\n<p>Newmont Goldcorp estimates that it has invested nearly $5 billion in Pe\u00f1asquito since 2005.<\/p>\n<p>About 70% of foreign-owned mining<br \/>\ncompanies operating in Mexico, the world\u2019s No.1 silver producer,&nbsp;<a href=\"https:\/\/www.mining.com\/mining-exploration-mexico-hits-12-year-low\/\"  rel=\"noreferrer noopener\">are based in Canada<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30-year pact guarantees the San Juan de Cedros community, in Zacatecas, additional water wells and infrastructure that will supplement existing one.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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