Andes Villagers Resist China’s Claim on $50 Billion Mine

Villagers in a mountainous region of Peru are refusing to move from their land to make way for a Chinese mine. Bloomberg reports:

Before Aluminum Corp. of China, known as Chinalco, can mine the more than $50 billion of copper ore buried in the Toromocho mountain in Peru, the company must get the residents of the nearby town of Morococha to leave their land.

Some residents are resisting the move, despite the offer of a free house in a newly built town.

Watch the Bloomberg video report here. Read more about China’s mining projects in Peru via Bloomberg.

November 1, 2010 10:35 PM
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