Hi Charred, long time since I read one of your messages (Gitenne)..
Must admit U were right on git..
Please tell us more about the ABX troubles: is the mine in danger of being shut down ?? I belive this is a very important deposit for abx, one of it's lowest cost ??
Thanks & Salutations distinguées.
EDIT:
Friday August 20 8:31 PM ET
Peru Military Thwarts Mine Protest
HUARAZ, Peru (AP) - Peru's military took control of this Andean city Friday to halt a protest involving two nearby Canadian-owned mines.
Heavily armed soldiers guarded bridges, gasoline stations and public buildings in Huaraz, a provincial capital 175 miles north of Lima.
Thousands of people took to the streets on Thursday at the behest of Mayor Waldo Rios, to demand a greater share of jobs and profits from Antamina copper-zinc mine and Barrick Gold Corporation's (NYSE:ABX - news) Pierina gold mine.
Rios said his city of 150,000 people had been betrayed by promises of foreign investment and regional development.
''The only things we have more of now are higher living costs and prostitution,'' he said.
The central government is supposed to send 20 percent of mining profits back to local communities. Rios said Huaraz has not received its fair share.
A Barrick official told The Associated Press the mayor's complaint is with the government, not the mine. Antamina officials declined to comment.
Schools, public buildings and most businesses were shut, and public transportation was at a standstill Friday morning, despite the removal of stone barricades and burnt tires from roads.
Some people were injured by protesters hurling stones, local media reported.
Peru is struggling through a two-year recession, and half the labor force is jobless or employed part-time or temporarily.
Construction of the $2.2 billion Antamina copper-zinc mine, run by a consortium of Canadian mining companies, began last year but has yet to start production. It has been billed as the largest single mining project in Peru's history. |
