New mine promotes change in South American rainforest

A new gold mine, operated by a U.S.-based company, Newmount, opened recently in the rainforest of southern Suriname, and is expected to produce 500,000 ounces of gold annually in the first five years, with total reserves of 4.2 million ounces. This is roughly worth $5 billion at current prices. Suriname’s government has a 25 percent stake in the mine.

Newmont CEO, Gary Goldberg, has stated that the mine, Merian, will be the “safest and most environmentally friendly mine in the world.”

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