March 30, 2010

5 classic prejudices

Our lack of knowledge of the current mining industry.

1. The mining industry on the head of the river basin leaves towns without water
• Every mine, by law, has to guarantee the same quantity of water which users used to have before. A mine with social responsibility will look after harvesting more water for its neighbors.

2. Mining pollutes
• The laws and regulations have changed drastically. In Peru, the state protects the environmental equilibrium. A modern mine: Instead of avoiding the environmental liability (alleviation), its technicians generate more environmental assets (reservoirs, laboratories of agriculture experimentation, new technologies for ecological monitoring, etc)

3. Mining companies avoid people participation
• It is impossible to start a mining project without the EIA’s approval by the Ministry.
Activities promoting citizen participation are essential for an EIA. Activities promoting citizen participation are essential for an EIA, so a company committed to its community visits villages, talks to popular leaders, provides information materials, among other activities.

4. EIAs are cooked from the beginning
• Once the Environmental Impact Assessment is approved, a set of standards must be fulfilled by the company in order to ensure an adequate social and environmental management. An EIA must satisfy the regulatory framework of our country.

5. Mining impoverishes people
• Poverty is a problem that Government must face up. Mining royalty generates public incomes. However, a company aware of this big challenge, invests in social programs to improve the life quality of the neighbors. Therefore, they can go beyond and promote projects fostering institutional strengthening.

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About the Conga Project

Conga is a Yanacocha project that is currently finishing its Environmental Impact Study. One this study is approved and the financing is obtained, Conga will not longer be a project and it will go through a construction phase in order to become a copper and gold mine. The project is located in the provinces of Celendín (Huasmin and Sorochuco districts) and Cajamarca (La Encañada District).

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