More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
Conga Mining News
The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).
The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.
New human rights tool will shed light on the events leading to the paralysis of Peruvian farmer during repression of 2011 protest.
The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.
Jailed Gregorio Santos is set to win the re-election in the country’s gold-rich Cajamarca region, casting fresh doubts on the future of the long-delayed copper and gold project.
Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.
Chinese backers are now behind one-third of all Peru’s new mining investments by value.
Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.
The South American nation lost the title to China in 2012.
Combined estimate investment exceeds $13 billion, says the government.
Last year alone there were 149 conflicts involving mines in the country.
Contract security guard was freed early Friday.
After meeting with locals, authorities said the company is likely to gain a social license to restart operations in 2014.
Cajamarca’s governor also said Newmont’s local partner has made no progress in terms of gaining support from surrounding communities.
Despite current challenges the analysts expect significant growth in the country's mining industry.
Government has sent additional police forces to watch over the protestors, as previous manifestations have turned violent in the past.
The new round of demonstrations come after a top official for the Conga project, CEO Roque Benavides of Buenaventura, said water from one of the main water sources for locals, would be transferred to a reservoir later this year.
Peru's ombudsman office warned about the renewed unrest in the Cajamarca region, where Newmont has its now halted $4.8 billion gold-copper Conga project.
Miner may reallocate capital to development alternatives in Australia, Ghana, Indonesia and Nevada.
Group claims project continues to advance despite being officially deemed as “suspended.”
Newmont's subsidiary Yanacocha said it is evaluating new projects in the region.
The gold-copper project, set to begin production in early 2015, continues to be on hold because of social pressure.
More than half of the total reports submitted in early 2012 are still under evaluation.
Peru's Minister of Energy and Mines Jorge Merino announced the country is expected to attract mining investment projects worth $10 billion in 2013.