Conflicts with local communities over mining, oil and gas development are costing companies billions of dollars a year. One corporation alone reported a six billion dollar cost over a two-year period according to the first-ever peer-reviewed study on the cost of conflicts in the extractive sector.
Environmental groups and indigenous Diaguita communities of the Huasco Valley in northern Chile celebrated a court decision Wednesday that will bring to a complete halt work on the Pascua Lama gold, silver and copper mine belonging to Canada’s Barrick gold.