Conga Project is a gold mining and copper mining project in Cajamarca Region of Northern Peru. It is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation.
The Conga Mine is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation and Buenaventura, a Peruvian mining company, and the International Finance Corporation, the private-lending arm of the World Bank. [1] It was expected to yield 680,000 ounces of gold and 235 million pounds of copper per year for the first five years. [2]
The Conga Environmental Impact Assessment was originally approved in 2010. [3] It was suspended in November 2011. In April 2012, President Ollanta Humala, who had been elected after promising to place "water over gold", [4] said that the project needed a number of changes to proceed. [5] Protesters expressed concerns about perceived impacts of the project on the local water supply. [6]
Farmers protested against the project. [2] Demonstrations ceased after President Ollanta Humala on December 4, 2012 granted the country's armed forces extra power for 60 days, including the right to make arrests without warrant. [2] Opponents of the project pointed to risks for ecosystem and water resources. [7] The conflict had the result that several of President Ollanta Humala's ministers resigned. [8] It also resulted in the death of several Peruvians. [9] This was the first crisis of the Humala administration. [8]
In April 2016, Máxima Acuña received the Goldman Environmental Prize for her environmental advocacy and peaceful resistance regarding the Conga Mine Project. [10]
In 2016, the project was abandoned, in part due to the environmental concerns. [4] [11]
Conga Project is a gold mining and copper mining project in Cajamarca Region of Northern Peru. It is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation.
The Conga Mine is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation and Buenaventura, a Peruvian mining company, and the International Finance Corporation, the private-lending arm of the World Bank. [1] It was expected to yield 680,000 ounces of gold and 235 million pounds of copper per year for the first five years. [2]
The Conga Environmental Impact Assessment was originally approved in 2010. [3] It was suspended in November 2011. In April 2012, President Ollanta Humala, who had been elected after promising to place "water over gold", [4] said that the project needed a number of changes to proceed. [5] Protesters expressed concerns about perceived impacts of the project on the local water supply. [6]
Farmers protested against the project. [2] Demonstrations ceased after President Ollanta Humala on December 4, 2012 granted the country's armed forces extra power for 60 days, including the right to make arrests without warrant. [2] Opponents of the project pointed to risks for ecosystem and water resources. [7] The conflict had the result that several of President Ollanta Humala's ministers resigned. [8] It also resulted in the death of several Peruvians. [9] This was the first crisis of the Humala administration. [8]
In April 2016, Máxima Acuña received the Goldman Environmental Prize for her environmental advocacy and peaceful resistance regarding the Conga Mine Project. [10]
In 2016, the project was abandoned, in part due to the environmental concerns. [4] [11]