Has Mining Cleaned Up its Act?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 10 August 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Mining in the developing world still sparks violent protests - so what has the industry learned?
Grace Livingstone reports from the Tintaya copper mine in Peru, owned by mining giant Glencore, where local people are angry over the pollution of waterways, and two protesters have been shot. Why do these things still happen? Vishala Sri-Pathma speaks to Henry Hall of mining consultants Critical Resource.
Plus, meet "Dr Copper" - the copper market's reputation as a bellwether for the global economy. But why is the market price falling at a time when the world continues to boom? We ask Charlie Durant of commodities analysts CRU Group.
(Picture: Miners take a break at the Cabeza de Negro copper mine in Peru; Credit: STR/AFP/Getty Images)
Transcript
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| 0:00.0 | Hello, I'm Vashalas Sri Pathma and welcome to Business Daily from the BBC. Coming up, |
| 0:10.0 | the mining boom has brought jobs and prosperity to countries in the developing world, but at what |
| 0:15.9 | cost? I was on the farm when they killed him. I was listening to the news on the radio when they said his name. |
| 0:22.4 | I didn't believe they'd killed him. |
| 0:24.4 | I thought maybe he had just been injured. |
| 0:26.3 | I didn't think he could be dead. |
| 0:28.2 | So is it inevitable that this trillion-dollar industry |
| 0:31.2 | will bring controversy and conflict in some of the world's poorest countries? |
| 0:35.6 | If the world was to abandon mining investment in Africa or Latin America |
| 0:39.7 | and concentrate only on Australia and Canada, say that would be a great loss to developing countries |
| 0:44.8 | who often really rely on those revenues. |
| 0:47.0 | That's all in Business Daily from the BBC. |
| 0:53.4 | Many of the world's mining companies call South America home. |
| 0:58.6 | The continent has profited from a global mining boom, which has seen the industry expand, bringing jobs to local communities. |
| 1:06.2 | But those jobs and economic prosperity has come at a cost, both social and environmental. |
| 1:13.5 | In Peru, for example, environmental regulations for large and medium-sized mining companies |
| 1:18.4 | have been relaxed in a bid to attract more investment. But not everyone is happy about this. |
| 1:24.4 | Widespread protests in the south of the country have led to several deaths. |
| 1:29.5 | Grace Livingston has this report now from Espinaar in southern Peru. |
| 1:38.3 | This is a protest march in the mining town of Espina, in the high plains of the Andes Mountains. |
| 1:44.5 | The people on this march say the big local copper mine is polluting their fresh water, |
| 1:49.1 | their rivers, their streams and their soil. |
... |
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