Peru, which has vast mineral resources, is the world's second-largest producer of copper and sixth of gold, but many Andean communities suffer from widespread poverty and worry mining projects will generate pollution but little economic benefit. The administration of President Ollanta Humala said in August it would essentially stop trying to overcome local opposition to US-based Newmont's Conga gold project in the northern region of Cajamarca - nearly conceding defeat in a protracted political battle.
Newmont has said it was temporarily suspending work on the Conga mine while it builds community water reservoirs and seeks local support for the project. "Conga must go forward," Merino said. "We don't have the luxury to lose an investment that big." Mineral shipments make up about 60 percent of Peru's export earnings.
http://www.brecorder.com/agriculture-a-allied/183/1272971/
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