Consulta Previa and Investment [Latin America]

Author: Americas Quarterly (US), Published on: 8 May 2014

...The perils and promise of consulta previa…Across the Andes, resource-related conflict has increased over the past 10 years. [In this issue, Country Studies:] Peru… Chile…Guatemala [and] Colombia…[Articles:] Reducing the Financial Risk of Social Conflict…In Peru, banks are key players in mitigating—even preventing—flare-ups over resource extraction that could threaten the banking sector…Business Responsibility to Respect Indigenous Rights…Companies have a number of tools available to help them comply with UN and other international human rights standards… Contested Lands, Contested Laws… The process of translating international conventions on consulta previa into laws has not been smooth. Contradiction in International Law…International law and practice offer contradictory answers for what happens when communities say "no."… Two Views of Consulta Previa in Guatemala: A View from Indigenous Peoples…[and] …A View from the Private Sector...The Rise of Popular Consultations…Are community popular consultations binding?...[It refers to Forestal Mininco, Hidro Aysén, Perupetro, Celulosa Arauco y Constitución, Transelec Norte SA, Tahoe Resources, Montana Exloradora (part of Goldcorp), Cementos Progreso, Repsol, Cerrejón Coal (part of Glencore-Xstrata, BHP Billiton & Anglo American), Nestlé, Conga (part of Buenaventura & Newmont), Compañía General de Combustibles (part of Southern Cross), AngloGold Ashanti,and Trecsa]

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Related companies: AngloGold Ashanti Cementos Progreso Compañia de Minas Buenaventura Compañía General de Combustibles (part of Southern Cross) Goldcorp (now Newmont Goldcorp) Minas Conga (joint venture Buenaventura & Newmont) Montana Exploradora (part of Goldcorp) Newmont Goldcorp Perupetro Southern Cross Tahoe Resources