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Since last autumn residents of the Peruvian region of Cajamarca – approximately 560 miles (900km) north of Peru's capital, Lima – have been protesting against Newmont Mining's “Conga project”. The American mining giant has been operating its nearby Yanacocha mine – one of the world’s largest gold mines ...
Once again investors at the commodity and precious metals markets are focusing on production in South Africa. According to Statistics South Africa (Stats SA) in January, gold production dropped 11.3% in comparison with the previous year. During the 1970s, South Africa regularly produced over 1,000 tonnes a year, but this year production ...
As a result of the current bull market in precious metals, most silver producers are reporting solid profits. Market observers believe that in the years ahead silver demand will grow, resulting in continuing price rises in the metal. Demand from the medical and industrial sectors is growing steadily, while silver production as a ...
Yesterday protests against the construction of the Conga mine in Peru turned violent. More than 10 people were seriously injured during street fights and arson attacks. Protesters occupied the Cajamarca local airport and managed to completely halt all airport operations. As a result, the American mining giant Newmont Mining has decided to ...
The inhabitants of the northern Peruvian city of Cajamarca are intensifying their protests against the construction of the new Conga mine by mining giant Newmont Mining. On Thursday more than 10,000 people took to the streets for a protest against the proposed mine. Conservationists have long been criticising the construction of the new ...
Protests against Peru’s Conga mining project are gaining momentum. Now politicians in the Cajamarca region are demanding that the mining giant Newmont Mining and its partner Buenaventura give up their stake in the $4.8 billion project. Talks with the Peruvian government have failed to resolve the dispute. Back in October, ongoing ...
The Peruvian congress passed a new mining law last week that raises taxes on mines by around 5% per year. However, Pan American Silver – the world's second largest silver producer – told investors yesterday that the new legislation is acceptable to them, and that the company's profits will not be badly affected. Peru's capital ...
Protests among Peru’s indigenous population against newly planned mining projects are escalating. People are in affected areas are growing increasingly resentful of foreign mining companies, while wider concerns are also growing about illegal gold mining projects in the Amazon basin. The number of illegally operating small-scale ...
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