USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
China’s own Chinalco has built a new town in Peru to relocate more than 5,000 people currently living in crumbling Morococha, a century-old mining village, in order to expand its operations.
The New York Times interviewed some of the 700 families relocated to the still-unnamed town since September 2012.
But most locals oppose the move, as they want the company to pay the people of Morococha $300 million for destroying their town.
They also want Chinalco to guarantee jobs for residents in the new copper mine.
Xstrata Copper, the other miner that has recently proposed a similar relocation project in another area of Peru, has outlined a plan to build new homes several times larger than the residences in Chinalco’s “Levittown.”
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(Image: Relocation in the Andes, New York Times)
