|Barrick Gold in Peru|
November 24th, 2011
There's no doubt that Peru is of utmost importance to the mining sector generally, and to Barrick Gold in particular. In 2008, 60 per cent of Peru�s exports came from the mining sector. �Peru, in particular, has been a motor of development for the corporation,� said Aaron Regent, Barrick�s CEO, in 2010. The Pierina mine, near the highland city of Huaraz, in the department of Ancash, emerged as a flashpoint for conflict in Peru. In 2006, two miners were killed by police during demonstrations by workers and local community members demanding higher wages. Production at Pierina started in 1998, and the company has extended the mine life to 2014 because of high gold prices.