The rally was the biggest since Newmont and its Peruvian partner, Buenaventura, put construction of the mine on hold nearly a year ago. At the time, the companies tried to defuse tensions by starting work on a series of large reservoirs to guarantee water supplies for local communities.
The companies plan to transfer water from the lakes to four reservoirs that they say would end seasonal shortages and guarantee year-round water supplies to local towns and farmers.
But many peasants who have crops and livestock near the mine still say they fear it would dry up or pollute lakes and rivers, despite the firms' lengthy environmental remediation plan.
Conga, which holds 6.5 million ounces of gold and 1.7 billion pounds of copper, would essentially extend the life of the two companies' nearby Yanacocha gold mine.
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