CATAPA . Peru
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The Conga project, developed by Newmont, is facing serious problems. It has generated a grave social conflict, which could mean huge losses for the investor. It will affect a highly fragile ecosystem and destroy sources of 5 rivers, 5 mountain lakes and hundreds of hectares of wetlands. The local people fear that this will endanger the water supply of the region of Cajamarca, an analysis shared by international experts. Therefore, the people of Cajamarca reject the project. Newmont already loses 2 million dollars on a daily basis during the suspension of the project. Since November 2011, there have been massive protests against the Conga project. The protest is growing each day as more actions are planned. Newmont 's contempt for concerns of local communities represents a dangerous and irresponsible business model, that will also harm its investors. Therefore, I ask you not to invest in the Conga project of Newmont Mining Corporation, for environmental, social and financial reasons.
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