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Kamila [148]
3 years ago
12

How did the economic context of peru impact the decisions made in the tintaya mine endeavor?

History
1 answer:
KengaRu [80]3 years ago
3 0

The explorations that led to the discovery of <u>Tintaya mine</u> go<em><u> back to 1917</u></em>. <em><u>In 1971</u></em>, the Peruvian government promoted the exploitation  of the mine. <em><u>In 1980</u></em>, the expropriation of approximately 4,000 hectares of land, owned by the communities, was carried out. It is for this reason that started a dispute between the commoners and the Company. <em><u>In 1985 </u></em>the exploitation of <u>Tintaya</u> began and it became the third producer of the country. <em><u>In 1994</u></em>, the mine was bought by Broken Hill Proprietary (BHP), who subsequently merged with the company Billiton, forming the second biggest group in the world production of minerals. <em><u>In 2001</u></em>, the first proposal for the framework agreement was made public. An agreement was reached and the framework agreement was consolidated <em><u>in 2003</u></em>. The signature of the framework agreement was an innovative milestone. Never before, a mining company had agreed to transfer a percentage of profits to communities and to engage to dialogue with them at all times. <em><u>In 2005</u></em>, a violent takeover occurred of the <u>Tintaya</u> facilities. A reformulation of the framework agreement was demanded. The implementation of the framework agreement was taking place very slowly. The president of BHP Billiton had to suspend the mining activity until a new agreement was reached. Then the negotiations began again. Xstrata Cooper (now Glencore) bought <u>Tintaya</u> from BHP Billiton <em><u>in 2006</u></em>. The owner changed, but the same conflicts and mobilizations continued until <em><u>2012</u></em>. The last stoppage lasted eight days. During this paralysis, violent acts occurred and even the mine was asked to close, which was completely rejected by the government. Finally, at present, no resolution or reformulation of the framework agreement has been reached.

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