Peru has brokered a deal between the regional government of Moquegua and Anglo American to allow the global firm to build its $3 billion Quellaveco copper mine. Anglo American will make voluntary payments to communities near the mine of some $370 million during the mine’s 30 years of operations, said Prime Minister Valdes, who is struggling to resolve hundreds of social conflicts in Peru, including protests against Newmont Mining’s $5 billion Conga project in the northern region of Cajamarca.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=155033&sn=Detail&pid=92730.