Faced with never ending environmental and social conflicts over mining projects, Peru's President Ollanta Humala decided yesterday to reshuffle his Cabinet… again…for the third time.
Yanacocha Mining News
Peruvian police detained former Roman Catholic priest Marco Arana, the leader of the protests against Newmont Mining, yesterday evening. The situation has only worsened since the government declared a state of emergency.
At least three people were killed and 20 injured in northern Peru yesterday after a clash between police and protesters opposed to the $5 billion Conga gold mine planned by Newmont Mining in the northern region of Cajamarca.
The team of three international environmental consultants hired by Peru’s government has recommended significant changes to Newmont’s hindered $4.8 billion copper-gold project, the Conga mine. But the government is saying its final decision won’t be determined solely by this or any study.
Newmont/Buenaventura major Peruvian gold mine, Yanacocha, saw 2010 gold sales well below 2009 due to declining grades, but higher gold price compensates LIMA