Seeking Alpha

Peruvian president Humala declares a state of emergency in the country's northern region after...

Peruvian president Humala declares a state of emergency in the country's northern region after anti-mining protests forced Newmont Mining (NEM) to suspend a $4.8B gold project. The declaration gives the army sweeping powers, including the right to arrest without warrant. It didn't take long for Humala - only a few years ago taking over mines himself - to get religion. Money makes the mare go.
From other sites
Comments (2)
  • Tom Armistead
    , contributor
    Comments (5742) | Send Message
     
    Pretty amazing, the local authorities are regarded as intransigent, because they are responding to the concerns of local citizens, who really don't want four lakes destroyed, an ugly eyesore of a mine, contamination of the groundwater, etc.

     

    It's a shame, a crying shame, military rule to enforce the destruction of the environment.
    5 Dec 2011, 07:46 AM Reply Like
  • User 509088
    , contributor
    Comments (1229) | Send Message
     
    reminiscent of the tin mining which provoked shining path
    5 Dec 2011, 08:10 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs