Peru’S El Algarrobo: A Mining Lifeline Faces Climate And Preservation Clash

(MENAFN- The Rio Times) Peru's government entrusts Compañía de Minas Buenaventura with the $2.753 billion El Algarrobo mining project in Tambogrande, Piura, a region rich in agricultural promise.

This underground operation targets copper, zinc, and silver, projecting 5,000 tons daily, expanding to 15,000 later. Mining powers 60% of Peru's exports, and with a $55 billion project pipeline, the nation leans on this to recover from years of political turmoil and pandemic fallout.

Buenaventura pledges $5 million upfront to build water infrastructure, aiming to address Locuto's chronic shortages before digging starts. Copper's rising value, driven by global clean energy needs, makes this a lifeline for Peru, the world's second-largest producer.

Jobs and revenue could transform a struggling region, yet resistance mounts. Congresswoman Margot Palacios leads the charge, proposing a bill to designate Tambogrande as an agriculture-only zone.

She rallies farmers who fear mining will drain or pollute their water, threatening mango and lemon exports. Protests erupted in February, echoing a 2002 referendum when 98% of residents rejected a similar project, forcing it out.



Palacios and her supporters demand a“social license” from the community, a concept lacking legal weight but carrying moral force. Climate advocates, including international groups, back her, pressing Peru to favor preservation over extraction.
Peru's Mining Debate
They argue mining risks long-term damage, clashing with global sustainability goals. However, officials counter that stalling legal projects opens the door to illegal mining, which already scars the landscape without oversight.

Buenaventura plans a three-year pause to win over Locuto, promising water solutions first and mining only with approval. Vice Minister Henry Luna defends the project's rights, citing precedents where mines operate in protected zones.

Oversight agencies will monitor impacts, he assures, but trust remains thin. Tambogrande's history fuels skepticism-past promises faltered, and locals brace for another fight.

Peru faces a stark choice: harness El Algarrobo's billions to bolster its economy or heed calls to protect its rural heartland. The outcome will ripple beyond Piura, testing whether resource wealth can coexist with climate and community demands in a nation desperate for both.

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