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This statement came after the Hochschild company gained access to parts of a meeting involving the Peruvian Head of Cabinet. The minutes revealed the government’s plans to no longer grant additional mining or exploration activities in the company’s Pallancata and Inmaculada operations in Peru.
The mining company said, “The minutes refer to alleged environmental complaints, and state that a commission has been constituted in order to negotiate the timetable and terms for the closure of certain mining projects in southern Ayacucho, including the company’s Pallancata and Inmaculada mines.”
CEO, Ignacio Bustamante said, “Hochschild is surprised by this unilateral announcement by the Head of Cabinet. Our goal is to continue investing in Peru, growing our resources and extending mine lives, in accordance with the Peruvian legal framework. We are prepared to enter into a dialogue with the government in order to resolve any misunderstandings with respect to our mining operations. However, given the illegal nature of the proposed action, the company will vigorously defend its rights to operate these mines using all available legal avenues.”
Mining is a widely recognized form of pollution that is greatly adding to climate change and global warming. It was one of the many topics discussed at the climate summit in November as global leaders recognize its dangers to the environment.
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