Newmont Mining Corporation (NYSE: NEM) on the 5th of January 2012 outlined a number of community investment programs – developed in conjunction with local communities – that have been implemented or are under development in the Conga project’s area of influence in Peru. The programs, which are in addition to the numerous social investments Yanacocha has made over the last two decades, include efforts to advance health and education, critical infrastructure and economic development in Peru’s Cajamarca region. Implementation of the programs began four years ago and would continue over the life of the proposed mine.
“Conga’s community investment programs were designed by the local communities to address long-standing needs that they themselves identified as issues,” said Richard O’Brien, Newmont’s President and Chief Executive Officer. “Although many of these programs are still in their early stages, we’ve already seen tangible results including reductions in malnutrition, school drop-out rates and grade repetition. After the Conga project is built and starts generating revenues, we expect to see even greater improvements in community health, education, nutrition, infrastructure and economic development.”
To date, Conga’s community investment programs have resulted in:
• An 8 percent decline in malnutrition (over four years since the program began) in children younger than 5 years;
• Livestock production increasing to 5 tons per hectare up from 1 ton per hectare;
• Native potato production increasing to 11 tons per hectare up from 5 tons per hectare;
• 400 properly ventilated stoves built in homes to reduce indoor air pollution, a major contributor to childhood respiratory problems; and
• 26 modern irrigation systems built to support Aguaymanto farmers.
• In 2008, the Conga Project Team, in cooperation with the Asociacion Los Andes de Cajamarca, engaged 32 of the project’s neighboring communities to identify opportunities for sustainable local development. In 2009, Community Development Committees (CODECOs), comprising and led by local citizens, created the “2015 Community Vision,” which set targets for improvements in social, economic and community development.
In 2008, the Conga Project Team, in cooperation with the Asociacion Los Andes de Cajamarca, engaged 32 of the project’s neighboring communities to identify opportunities for sustainable local development. In 2009, Community Development Committees (CODECOs), comprising and led by local citizens, created the “2015 Community Vision,” which set targets for improvements in social, economic and community development.
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Source: CSRwire CSR press release, read the full article at http://www.csrwire.com/press_releases/33577-Newmont-Outlines-Community-Investment-Programs-for-Conga-Project-in-Peru
Posted by Maie Peetri
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