As I read the reports, it is Peru’s central government that is promising to spend the money, not Newmont. Would you believe any government, anywhere, that promises to spend $1.6 B on roads and bridges to nowhere, while the mines pollute the local water and fill lakes with tailings? Stretches credibility.
http://www.mining.com/2012/01/16/deloitte-predicted-the-peru-newmont-cajamarca-debacle/
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