Locals In Peru Force US Company To Scrap $5 Billion Mining Project
http://yournewswire.com/locals-in-peru-force-us-company-to-scrap-5-billion-mining-project/
Activists in Peru have forced the second-largest gold mining corporation in the world, Newmont, to abandon its $5 billion Conga copper and gold mining project.
Indigenous Peruvians say the conga mine project, which was intended to replace the nearly-depleted Yanacocha gold mine nearby, threatens the local environment...
The Colorado-based corporation announced the decision to abandon its construction plans for the Conga mine in a filing with the US Securities and Exchange commission, adding that it “did not anticipate being able to develop Conga for the foreseeable future.”...
However, credit also goes to non-governmental organizations and other locals that campaigned against the mine. Camajarca’s Governor, Gregorio Santos, supported the activists and after violent protests led the Peruvian government to declare a state of emergency, construction was halted in November of 2011. In addition, a crowdfunding campaign in late 2015 raised money to help Acuña buy cows to make ends meet.
