Article
Tarnished Gold: Mining and the Unmet Promise of Development
The International Finance Corporation (IFC) continues to dress up money-making gold mining investments as development, yet it fails to demonstrate how these projects actually reduce poverty. On its "golden" 50-year anniversary, we challenge the IFC to "prove it" by reporting its development impacts on a project-by-project basis. [refers to Newmont & Buenaventura's Yanacocha mine (Peru), Golden Star's Bogosa/Prestea mine (Ghana), Glamis Gold's Marlin mine [owned by Montana Exploradora, part of Goldcorp] (Guatemala), Centerra Gold (part of Cameco)'s Kumtor mine (Kyrgyzstan)]