Investment in Peru delayed by social conflicts over water

May 13, 2013 | 10:41 AM | Carolina Guerra

Tags  Peru mining, SNMPE, Pedro Martinez, Newmont Mining, Southern Copper, Las Bambas, Minas Conga, Tia Maria Ollanta Humala

SÃO PAULO — Social conflicts over water reserves have deferred more than $7 billion in Peru’s project investments since last year.

Those problems are expected to continue, Pedro Martínez, president of Peruvian mining, oil and energy society SNMPE, had said at the end of last year. "The problems faced by the (Peruvian) mining sector this year caused a delay of $7.2 billion in investments. For 2013, the same will....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results