Post Tagged with: "Mining"

Amnesty International calls for approval of prior consultation laws

Amnesty International called on Peru and other Latin American countries on Friday to enact laws to improve consultation for indigenous peoples in relation to projects in the extractive industries, state news agency Andina reported. The group said there is a “false and dangerous dichotomy” between development and indigenous rights, the […]

Peru’s GDP shows 10.02 percent growth in January

Peru’s GDP shows 10.02 percent growth in January

Peru’s economy maintained its strong growth rate in January climbing 10.02 percent compared to the same month in 2010, the national statistics and information bureau, INEI, reported. The fishing industry saw the biggest growth in the month and expanded 26.5 percent thanks to a 29.5 percent jump in maritime fishing. […]

Xstrata to invest $5.7 bn in Peru’s Las Bambas and Antapaccay

Xstrata to invest $5.7 bn in Peru’s Las Bambas and Antapaccay

In a Government Palace ceremony this week, Peru formally transferred the mining titles of the Las Bambas mineral deposits in southern Peru to the Anglo-Swiss mining group Xstrata. President Garcia qualified the $4.2 billion project as “the contract of the century.” The $4.2 bn investment in the low-cost, world-class copper […]

Peru’s Tia Maria copper mine on hold to assess environmental and regional concerns

Peru’s Tia Maria copper mine on hold to assess environmental and regional concerns

The Tia Maria copper project in southern Arequipa has been put on hold for 90 days, while a government-appointed technical commission evaluates the environmental impact study and the concerns of the farming communities in the area. The decision, one of several points agreed on after six hours of negotiations by […]