This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

More Than 100 Sickened In Peru Mining Spill

Environmental protection has been relatively lax in Peru. The country did not have an environmental ministry until 2008 and the mining ministry continues to sign off on environmental impact studies for mining projects.

The director of the environmental group Cooperaccion, Jose de Echave, called the Cajacay spill another example of government neglect. He said local authorities in mining districts are unprepared to deal with such incidents and companies have inadequate safety precautions in place.

"What is evident with this spill is that companies in their zones of influence effectively self-regulate. There is no presence of the state to control or regulate," De Echave said.

One of the most serious toxic spills on record in Peru occurred in 2000 in Cajamarca when a tanker truck carrying mercury crashed and broke open in the village of Choropampa, sickening more than 700 people.

The mercury belonged to the Yanacocha consortium, whose majority owner is U.S.-based Newmont Mining Co. and which is in charge of the Conga project that has triggered the opposition in Cajamarca.

___

Associated Press writer Franklin Briceno contributed to this report.

___

Frank Bajak on Twitter: http://twitter.com/fbajak

Franklin Briceno on Twitter: http://twitter.com/franklinbriceno

Carla Salazar on Twitter: http://twitter.com/cardensal

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs