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Construction of Peruvian gold mine, high in Andes water supply, suspended…

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The spine of the Andes is one of the last great untapped mining resources. However, environmental concerns (some quite real IMO), and political instability and local corruption, needed to weighed in any decision to invest there.

Excerpts:

Lima, Peru (CNN) — Thousands of Peruvians continued protests Wednesday that began in October, targeting as environmentally hazardous the continued construction of a $4.8 billion gold mining project called Conga.

The protests continued despite Tuesday night’s announcement by the U.S.-based firm Newmont Mining Corp. that work on the project… would be suspended…

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