Conga Project

Conga Project is a gold mining and copper mining project in Cajamarca Region of Northern Peru. It is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation.

Overview

The Conga Mine is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation and Buenaventura, a Peruvian mining company, and the International Finance Corporation, the private-lending arm of the World Bank.[1] It was expected to yield 680,000 ounces of gold and 235 million pounds of copper per year for the first five years.[2]

History

The Conga Environmental Impact Assessment was originally approved in 2010.[3] It was suspended in November 2011. In April 2012, President Ollanta Humala said, the project needed a number of changes to proceed.[4] Protesters expressed concerns about perceived impacts of the project on the local water supply.[5]

Farmers have protested against the project.[2] Demonstrations ceased after President Ollanta Humala on December 4, 2012 granted the country’s armed forces extra power for 60 days, including the right to make arrests without warrant.[2] Opponents of the project are pointing to risks for ecosystem and water resources.[6] The protests had the result, that several of President Ollanta Humala’s ministers resigned.[7] This was the first crisis of the Humala administration.[7]

In April 2016, Máxima Acuña received the Goldman Environmental Prize for her environmental advocacy and peaceful resistance regarding the Conga Mine Project.[8]

Notes

  1. ↑ Ben Hallman (12 February 2015). "One Peruvian Woman Is Standing Up To A Gold-Mining Goliath". Huffington Post. Retrieved 18 April 2016.
  2. 1 2 3 Liezel Hill (27 February 2012). "Newmont Says Too Early to Call Conga Project Amid Review". Bloomberg News. Retrieved 7 May 2016.
  3. ↑ "Archived copy". Archived from the original on December 1, 2011. Retrieved May 1, 2012.
  4. ↑ "Archived copy". Archived from the original on April 25, 2012. Retrieved May 1, 2012.
  5. ↑ "Protests Shut Down Conga Project in Peru". Engineering & Mining Journal. Mining Media International. 20 January 2012. Retrieved 7 May 2016.
  6. ↑ D. Raiser (18 April 2012). "Cajamarca: Bergbau-Gutachter mahnen Verbesserungen am Conga-Projekt an". INFOAMAZONAS. Magazine Premium. Retrieved 7 May 2016.
  7. 1 2 http://www.latinomineria.com/noticias/index_neo_en.php?id=1630
  8. ↑ Jim Carlton Recipients of the Goldman Environmental Prize to be honored. Wall Street Journal, 18 April 2016 (subscription required)

Coordinates: 6°05′03″S 78°21′42″W / 6.0842°S 78.3616°W / -6.0842; -78.3616

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