Yanacocha

Yanacocha (Cajamarca Quechua: yana = "black, dark", qoch'a / quĉa = "lake, puddle, pond, lagoon") is a gold mine in northern Peru, considered to be the second largest gold mine in the world, producing over US$7 billion worth of gold to date. The 251-square kilometer open pit mine is situated about 30 kilometers (14 km straight line) north of Cajamarca, in high pampa, straddling the watershed. The World Bank's International Finance Corporation (IFC) provided loans totaling US$150 million for development and has a 5% equity investment in Yanacocha, which is run by the Newmont Mining Corporation, a Denver, Colorado-based company that is the world’s second largest gold mining firm. Newmont is the major shareholder together with Buenaventura, a Peruvian company.