Peru cabinet chief Oscar Valdes Dancuart said based upon the environmental study aims to eliminate opposition to the project.
Newmont suspended the gold project on 30 November after protests by villagers over concerns that the deposit will dry up water supplies.
"It is a technical and absolutely neutral solution which will avoid continuing a debate between state entities and Andean communities," added Valdes.
The South American country is relying on $50bn in investments to stop a decline in minerals output from aging, depleted mines, reports Bloomberg Businessweek.
