abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

28 Feb 2002

Author:
Danielle Knight, Inter Press Service

ENVIRONMENT: World Bank Unit Keeps Peruvian Case at Arm's Length

The International Finance Corporation (IFC) has refused to investigate allegations of corruption involving a gold mine it co-owns in Peru...The IFC owns five percent of the Minera Yanacocha mine, the largest gold mine in Latin America, which is co-owned by Newmont and Buenaventura, a Peruvian company...Farmers living near the mine had long accused the company of contaminating the region's water supply.