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

20 Sep 2007

Author:
The Economist

Revolt in the Andes [Peru]

The [mining] industry is booming...But in the Andean highlands that contain the mineral deposits, some Peruvians are turning against the mining companies. The latest battle is at Rio Blanco...Monterrico Metals [recently sold to Zijin Consortium], plans to develop a huge copper mine there...Urged on by a loose coalition...local mayors have campaigned against the project. On September 16th they held an unofficial referendum...Of the 17,971 votes cast (a turnout of almost 60%, said the organisers), all but 984 voted against the mine. Opponents say the mine would pollute rivers that are vital for farmers...and accuse the company of ignoring local opinion. More broadly, they argue that mining has failed to develop the highlands...Richard Ralph, Monterrico's chairman...says that the project will use clean, modern mining technology and very little water, which it will not pollute...In response to the protests, mining companies are spending more on community development. [also refers to Xstrata, Yanacocha (joint venture Newmont & Compañía de Minas Buenaventura)]