Word: mined
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...Manhattan Minerals plan looks like a good deal for the folks of Tambogrande, Peru. The Vancouver-based firm wants to invest $405 million to mine gold at Tambogrande, a town of 16,000 people in Peru's impoverished, northwest Piura state. Manhattan has promised to build new public infrastructure and to erect new, modern homes for any relocated residents--about a third of the town's population. The neighborhood would have electricity, potable running water, sewerage and paved streets--amenities now available to only 15% of the people in that area...
...Tambogrande seems to want none of it. Although two-thirds of the people in Piura live on less than $2 a day, 90% of Tambogrande's voters rejected the Manhattan Minerals project in a nonbinding referendum late last year. Many are fearful that the open-pit mine will corrupt their farmlands, even though Manhattan pledges not to sully or siphon off the area's precious irrigation canals and reservoirs. "We are not going to allow a mine to destroy our way of life," says Tambogrande Mayor Francisco Ojeda...
...mining saved Peru's macroeconomy, many Peruvians say they have seen too few benefits under their own roofs. It is a complaint heard from Nigeria to Papua New Guinea: national governments make deals, and the locals get shortchanged. As a result, local protests are stalling at least 10 mining-investment projects in Peru that are worth $1.4 billion. In the northern town of Cajamarca, whose decade-old Yanacocha gold mine is the world's second largest, residents are loudly demonstrating against expansion plans by the mine's U.S. co-owner, Denver-based Newmont Mining Corp. (2002 revenues: $2.75 billion). Yanacocha...
...White House for a week. Yet even as his guest was enthralling his nation, Roosevelt was wary of Mei-ling's formidable charm. One night at dinner, the President asked in passing how she would deal with a troublesome labor leader like John L. Lewis of the United Mine Workers. Without missing a beat, Madame Chiang passed her hand across her throat. Eleanor Roosevelt later said: "Those delicate, little petal-like fingers?you could see some poor wretch's neck being wrung...
Earlier this week I met a River-dwelling friend of mine for dinner at Three Aces, a pizza and sub shop on Mass. Ave. just north of the Law School. Unsurprisingly, he had never visited Three Aces before, and as we talked I discovered that, just like most of my River friends, he had also not managed to acquaint himself with anything north of Hemenway Gym. As we dined on the best steak sub north of Weld Boathouse (yes, even better than the Steak and Peppers at Noch’s) he inquisitively asked about life in Quad, given...