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At the time of the spill, the IFC had a 5% stake in Minera Yanacocha, which is owned and run by the US-based Newmont Corporation, Peru's Buenaventura Mining Company and Japan's Sumitomo Metal Mining Co Ltd. The IFC sold its stake in 2017.
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Seifert, a German-born environmental engineer who specializes in hydrogeological science, spent years researching the effects of gold mining on the region's water supply. At times, traces of arsenic, …
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The Federation of Rondas Campesinas Femeninas of Northern Peru (FEROCAFENOP) has documented a nearly 20% increase in family problems since the Yanacocha mine …
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Illegal mining in Peru destroying Amazon rainforest Newmont also failed, at least initially, to recognise the local population as indigenous in their 1999 environmental impact study.
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Other effects include: Deforestation: In the Carajas Mineral Province, Brazil, maybe the world's largest copper reserve (iron ore, manganese and gold are already found there), wood from surrounding forest is cut for charcoal to fuel pig iron plants, resulting in annual deforestation of 6,100 km 2 1 .
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Newmont (TSX: NGT; NYSE: NEM) is buying out its partner, Compañia de Minas Buenaventura, at the producing Yanacocha gold-silver-copper mine in Peru.The gold miner has offered US$300 million up front for Buenaventura's 43.65% interest, plus up to US$100 million more dependent on higher metal prices.
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This article highlights impacts on water flows and distribution in the Mashcon catchment in Cajamarca, Peru, one of those most affected by the Yanacocha mining …
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Newmont (NYSE: NEM) (TSX: NGT), the world's no. 1 gold miner, expects to move ahead with a planned $2 billion expansion of its Yanacocha mine, in northern Peru's Cajamarca region, to extend ...
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This article reviews recent literature on water and mining and uses illustrations from a large gold mine, Yanacocha, operating in Peru, to assess the effectiveness of institutional mechanisms for ...
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The primary copper sulfide enargite (Cu 3 AsS 4) is emerging as a major form of copper mineralisation as mining operations advance to greater depths in South America, the Philippines, Papua New Guinea, Bulgaria, and other mining areas of the world.Like the more abundant primary copper sulfide chalcopyrite (CuFeS 2), process …
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Discovery and recognition of the Yanacocha district as a belt of northeast-trending, near-surface, high sulfidation-type epithermal gold deposits with strong supergene oxidation was made over a four-year period (1984–1988) through a joint-venture alliance operated by Newmont Mining Corporation with partners Compañia de Minas …
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Minera Yanacocha was established by BRGM Peru, Cia de Minas Buenaventura, Newmont Gold Co and the International Finance Corp. Newmont manages the project. ... MINING. Yanacocha produces …
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Mining can take its toll on the environment when done irresponsibly, especially in vulnerable ecosystems like the Amazon Rainforest. Deforestation and river pollution are common complaints from ...
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The first phase focuses on developing the Yanacocha Verde and Chaquicocha deposits to extend Yanacocha's operations beyond 2040, with the second and third phases having the potential to extend ...
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A new PBS Frontline documentary, The Curse of Inca Gold, examines how an American company won the contract to operate Peru's Yanococha Mine, the richest gold mine in the world. Madeleine Brand ...
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Amazon rainforest in Peru, ravaged by gold mining, is being restored : Goats and Soda Illegal gold mining has ravaged the Peruvian Amazon, leaving behind pollution and denuded landscapes. A group ...
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In Peru, more than 60 social conflicts have arisen from the adverse effects of mining on the population's water supplies. The new Conga project is located only a few kilometers from the main Yanacocha mine, which already covers an area of 251 square kilometers and is operated by a U.S.-Peruvian consortium.
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Yanacocha was the first modern major gold mine to be developed in Peru and currently has multiple active open pits. All are expected to conclude in 2021 with the …
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Minera Yanacocha Peru Gold mine IFC Máxima Acuña-Atalaya de Chaupe and her family are indigenous subsistence farmers who live in the highlands of Cajamarca, Peru. For years, they have suffered harassment and surveillance. Minera Yanacocha, a company controlled by the U.S.-based Newmont Mining Corporation, operates large-scale
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Reinhard Seifert, an environmental engineer who spent years investigating the effects of the Yanacocha mine on the area's water quality found traces of lead, arsenic, cyanide and mercury in the drinking …
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Satellite data along with ground studies can help show the land change effects of mining operations, such as groundwater quality and watershed changes. Imagery. June 23, 1987, Landsat 5 (path/row 9/65) — Yanacocha Mine, Peru ... Yanacocha Mine, Peru. The expanding Yanacocha Mine dominates the land change seen in this se... Learn More.
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District Consolidation of Owned and Operated Asset Enhances World-Class Portfolio Newmont Corporation (NYSE: NEM, TSX: NGT) and Compañia de Minas Buenaventura S.A.A. (Buenaventura) (NYSE: BVN; Lima Stock Exchange: BUE.LM) announced that the companies have entered into a definitive purchase agreement …
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This paper utilizes new data on mining activity and government transfers in Peru to investigate the effect of mining and resource windfalls on socioeconomic outcomes ... (2013) study the effects of the Yanacocha gold mine in Peru, the second largest in the world, and find a geographically widespread positive impact. The …
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The local effects of mining might simply come and go with mine production. In this paper we revisit Aragón and Rud's (2013) study of the Yanacocha mine, frequently cited to account for local ...
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A patch of former rainforest in the Munduruku territory has been cleared of trees and will be burnt before it is planted. The impacts and fires spread into the rainforest beyond the edge of the field.
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A major concern of mining activities is their influence on hydrological systems. This article highlights impacts on water flows and distribution in the Mashcon catchment in Cajamarca, Peru, one of those most affected by …
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In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil …
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When mineral prices rose in the 1990s, previously unexplored locations became profitable for mining expansion, resulting in a rapid increase of open-pit mining activities in the global South (Lust, 2014).These mining operations are generally associated with negative environmental and social impacts, such as water and air pollution or …
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LA PAMPA, Peru (AP) — By day, Peruvian police and soldiers search for and destroy equipment used by illegal gold miners in a part of the Amazon rainforest where mining has transformed once-dense foliage into a …
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The Yanacocha mining company. Yanacocha SRL is a joint venture of the U.S. mining multinational Newmont Mining Corporation of Denver, Colorado, as the majority shareholder (51.35%), the Peruvian Buenaventura Minas (43.65%) and International Finance Corporation (IFC), a member of the World Bank Group (5%).
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