Chinese mining company Chinalco has gained rights to exploit copper at Peru's Mount Toromocho, to be used in electrification projects in China. The $3 billion project will entail the removal of the entire town of Morococha (Yauli province, JunÃn region). Residents voted to approve the relocation across the valley last year, on promises of government aid. But nearly half the residents supported a "no" campaign, rejecting the terms as inadequate. (BBC [2], June 17)
See our last posts on Peru [3], China [4] and the mineral cartel [3] in Latin America.
