We have reported the news regarding Minas Conga, Newmont’s US$4.8 billion project in Peru, a lot of times in this section. The latest twist comes from a group of independent auditors in Europe who issued recommendations that would help the company address the issues that caused local opposition. The independent committee mostly recommended caving to the demands of protesters, especially in building larger water reservoirs and preserving local lakes.
Peru’s president Ollanta Humala commented: “The company should meet the environmental and social recommendations made by auditors. And the capacity of the reservoirs should be at least four times greater than originally proposed by the company so as to benefit more townspeople.” Continue leyendo →
