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Peru negotiating Conga agreement with Yanacocha
By Manuel Vigo
April 27, 2012
The Peruvian government is aiming to negotiate a written agreement with the Yanacocha mining company, which would ensure the state’s conditions are met regarding the Conga mining project.
"We are working on a document in good faith, with mandatory compliance, because [Yanacocha] is a serious company [...], this document will later be public information," said Minister of Energy and Mining Jorge Merino, according to El Comercio.
Merino said the government had met with Yanacocha representatives after the publication of the Conga environmental impact reassessment.
“[Yanacocha] has publicly said it is evaluating all the alternatives and we hope that we can get an agreement in writing, as soon as possible, regarding the technical and social inclusion recommendations that have been proposed by the government.”
Merino said the development of Conga – with an investment of $4.8 billion – would be very important for the country, and said the Ministry of Energy and Mining was in “constant meetings to see how best to make the work plan.”
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