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PPK: Peru's Conga mine is 'dead and buried'
Pedro Pablo Kuczynski (Vidal Tarqui/Andina)
By Nick Rosen
August 10, 2012
Former economics minister and presidential candidate Pedro Pablo Kuczynski made a bold prediction on Friday morning: the Conga mine is not going forward.
“Conga is dead, buried for at least two or three years. The gold and copper of Conga have been there for millions of years, and they’ll sleep for a little while longer,” he said on his radio program.
Kuczynski said that the anti-Conga campaign had created a very hostile environmental, which will have to be fixed. He added, “There’s a lot of agitation and bitterness, but one must recognize that this comes from a building-up of demands over a long time. You must wait for this to dissipate little-by-little.”
The economist also added that while Conga has become emblematic, other major mining projects like Las Bambas, Constancia and the expansion of Antamina are underway.
The Conga mine, owned by U.S. mining company Newmont and Peruvian mining company Buenavantura, would represent the largest single mine investment in the country’s history, at some $4.8 billion dollars. Nonetheless, it has run into significant local opposition in the region, Cajamarca, where it would be constructed.
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Total coments: 2
Commented By: NYpoodle
On: August 10, 2012. 5:41 pm
Okay, I am just going to go ahead and say, PPK, should have been president, not Humala. He has the brains, real brains, and probably the only one with brains.
Commented By: Dale Hemme
On: August 10, 2012. 7:16 pm
My friend and student Rodrigo who holds a Masters in social conflict management besides being a top civil engineer explained to me that Conga is actually a series interconnected projects by a complex road and pipeline system that all depend on the the sum of the parts working together to be profitable. Does anyone with any insight into the depth of distrust the locals have really believe that such an extended plan has a prayer and then begs the question of how can the state even pretend to maintain a third party stance when they are the entity that is going to underwrite the risk of water quality and water availability, in effect, becoming an active business risk taker in the project. Historically we know that this will only lead to further human oppression from the corporate marriage of state and big business. If you have doubts, perhaps watch the documentary, THE CORPORATION, or read CONFESSIONS OF AN ECONOMIC HIT MAN by John Perkins
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