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Regional Government of Arequipa seizes land from a US$1.4 billion mining project

Regional Government of Arequipa seizes land from a US$1.4 billion mining project

He Regional Government of Arequipa (GRA) published a statement annulling the usufruct of 12,207 hectares in favor of the Zafranal mining company. In this extensive area, between the provinces of Castilla and Caylloma, this company plans to exploit copper deposits with a low concentration of gold.

The decision of the Arequipa institution, through its attached unit Autonomous Authority of Majes (Autodema), an investment of US$1.4 billion is brought down and that they were even contemplated within the Con Punche Peru reactivation program. A source close to the mining operation has maintained that with this decision Zafranal it is unsustainable. The land that the GRA removes from the project represents 85% of the project, there is all the fundamental component.

This initiative of Canadian and Japanese capital has its project in the final part of the evaluation of its Environmental Impact Study (EIA), in charge of Sineace. According to this go-ahead, he planned to start construction of the mine next year.

GRA arguments

The assignment of the land for the mining project was approved during the administration of the previous regional governor Kimberlee Gutiérrez. However, an internal control report from Autodema warns of flaws in the agreement. For example, they question the validity of the appraisal and the price at which the land was delivered for a period of 30 years.

The Oci specifies that, according to the national norm, this appraisal should have been carried out by the bodies attached to the Ministry of Housing. Zafranal has resorted to the company JP Planning SAC and has clarified that the rate for the usufruct of the land is not flat, it will vary according to the consumer price index and the progress of the project. There is an annual reset.

The statement indicates that the mining company did not comply with specifying the grounds it invoked to request the direct constitution of usufruct rights, in accordance with the law. Also they accuse you of failing to submit a report from the competent sectoral authority that qualifies the investment project as such, pronouncing on the time required for its execution. They affirm that the declaration of being a project of national interest does not constitute the authorization for the execution of Zafranal.

“Only 19 years of the life of the mineTherefore, the term of 30 years that were granted to Zafranal” the statement specifies at the time of specifying that the company has five days to respond for this decision.

Source: Larepublica

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