By Mitra Taj, June 17, 2013. Source: Reuters
Thousands of opponents of a $5 billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru’s most expensive mine.
Lake Perol is one of several lakes that would eventually be displaced to mine ore from the Conga project. Water from the lakes would be transferred to four reservoirs that the U.S. company and its Peruvian partner, Buenaventura, are building or planning to build.
The companies say the reservoirs would end seasonal shortages and guarantee year-round water supplies to towns and farmers in the area, but many residents fear they would lose control of the water or that the mine would cause pollution.
“Hopefully, the company and the government will see the crowd here today and stop the project,” said Cesar Correa, 28, of the town of Huangashanga in the northern region of Cajamarca. Continue reading