A protest against Newmont Mining's proposed Conga copper-gold mine shut down much of Peru's Cajamarca region last Wednesday, reported World War 4 Report.
Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February are expected to deliver their report on the viability of proposed water for Newmont Mining (NYSE:NEM) and Buenaventura’s US$4.8 billion copper-gold project tomorrow.
1,300 exhibitors, 5,000 new products, 35 countries represented, 70,000 visitors and nearly $1.7 billion in future business is the result of ExpoMin 2012, the world mining congress held April 9 to 13 in Santiago, Chile.
The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.
BHP's four largest projects – Olympic Dam, the Outer Harbour iron ore infrastructure project in Australia, expansion of its US shale gas operations and Jansen potash in Saskatchewan, Canada – require $120 billion in capex costs, but will only start to contribute to the bottom line by 2023.
In a scathing new BBC documentary that includes the first ever television interview with CEO Ivan Glasenberg, commodities trader Glencore is accused of allowing dumping of acid into streams, child labour and deadly underground working conditions at its copper-cobalt mine in the Democratic Republic of Congo.