BBC reports on Tintaya
18 August 2018
Grace Livingstone has a useful report from Peru in which she talks to people living close to Glencore’s mine at Tintaya, Espinar in Cuzco. The tale of environmental pollution is a familiar one to PSG readers. In the recording, she also talks to representatives of Glencore, who stress the value to local people of mine-supported educational programmes, the company’s use of internal and external audits to measure performance, and how Glencore maintains what it regards as the highest international standards.
Livingstone also sets the wider picture by talking to Javier Jahnke of the Red Muqui (a PSG partner) and a representative from the Ombudsman’s office, both of whom are critical of the way in which relaxed environmental controls may lead to increased conflict with communities close to mining operations. Finally, she talks to Gilberto Violeta, a member of Congress for the Peruanos por el Kambio (PPK) party which supports the government. He makes much of improved water management being the key to reducing conflict.
The programme, Business Daily, goes on to interview two mining specialists on the vital importance of Chinese demand in sustaining copper prices and how international uncertainty has pushed these down over the last two months, taking something of the gloss off economies like Peru’s and Chile’s.
Copper prices on the London Metal Exchange (LME) are quoted as averaging US$2.77 a pound in the first two weeks of August, down from US$3.10 in April and US$3.21 in January.