Restore Health in Cerro de Pasco

by Source International
Play Video
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Restore Health in Cerro de Pasco
Apr 12, 2021

Changes in properties. No changes for people

The heavily polluted Quilacocha lake.
The heavily polluted Quilacocha lake.

The story of the property of the mine of Cerro de Pasco is long and complex. The mine has changed property several times over the years and it is about to change again in these days. However, there is a common pattern. It does not matter who is the owner of the mine. The situation for the people of Cerro de Pasco remains the same. 

The area is known to be mined since the pre-Hispanic era and historians suggested that a part of the silver of the ransom of Atahualpa came from that area. As we all know Pizarro collected the silver of the ransom and killed Atahualpa anyway. A few years later the conquistadores started mining in the area and they did it for more than four centuries. At the beginning of the XIX century the US based Cerro de Pasco Copper Corporation started the industrial mine and the open pit. The mine was subsequently nationalized in the 60s and then the then president Alberto Fujimori (now in jail for crimes against humanity) privatized it the 90s for a hugely underprized bet that was won by Volcan. The bet starting quote was 60 million dollars (the mine was producing 60 million dollars revenues each year) and Volcan won it with a bet of 60 million and one dollar.

In the early 2000th, when criticisms and concerns over the management of the mine started rising Volcan sold the mine to Cerro SAC a company that was owned 99,9% by Volcan and 0,1% by Buenaventura mine. Then they start to fragment the property into several parts. The pit owned by a subsidiary, the stockpiles owned by another one, the processing one by another one and so for.

We then get to the 2019 when the biggest mining company in the world, Glencore, acquired the majority of the shares of Volcan and therefore they basically become the owner of the mine. Nevertheless, Glencore tried to sell the mine from the very beginning and now they are in negotiation with Cerro de Pasco Resources, a Canadian company that is rising capital in order to acquire all the parts of the mine. They claim to have the hands over the biggest over-ground mineral deposit on earth: the stockpile of El Excelsior. The acquisition process should be finalized in these days.

The other side of the story is that the reality for the people of Cerro de Pasco has never changed. Every new company accuse the previous one to be the responsible of the pollution and no one has yet started a cleaning plan.

Our studies have demonstrated several time how the pollution is both historical and actual. The normal rules of trading recognize that if you buy a property you acquire profits and liabilities but this it seems to not be the case in Cerro de Pasco.

For the population all these changes in property do not reflect in any change in their lives. Their lives are still unbearable due to the pollution and they are still unable to have a life in dignity and wellbeing. People are dying and getting sick and all of these ownership changes do not affect their life at all.

Share on Twitter Share on Facebook
Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Source International

Location: Calci - Italy
Website:
Facebook: Facebook Page
Twitter: @SourceInt
Project Leader:
Flaviano Bianchini
Calci, Italy
$17,104 raised of $40,000 goal
 
331 donations
$22,896 to go
Donate Now
lock
Donating through GlobalGiving is safe, secure, and easy with many payment options to choose from. View other ways to donate

Source International has earned this recognition on GlobalGiving:

Help raise money!

Support this important cause by creating a personalized fundraising page.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.