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Saturday, October 25, 2014

Consumer protection agency backs Peru miners vs environment watchdog

The agency has carried out 5,517 inspections of mining, energy, fishing and manufacturing companies over the past six years. Last year, OEFA fined 37 miners, including Canada's Barrick Gold, Pan American Silver and Bear Creek Mining, as well as Peruvian miners Volcan, Mitsui unit Santa Luisa, Minera Condestable and Catalina Huanca, a total of 1.13mn soles for environmental infractions.
OEFA earlier this year fined miners, including Glencore and Volcan, for excessive mineral emissions and halted operations in March at Chinalco's recently inaugurated US$3.5bn Toromocho copper mine due to a tailings leak. The sanctions, part of a total of 941 fines since 2008, have been called excessive by the mining society (SNMPE).
http://www.bnamericas.com/news/mining/consumer-protection-agency-backs-peru-miners-vs-environment-agency

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