Environmental degradation
April 30, 2021
There is the Cerrejon thermal coal mine in Colombia jointly owned by Glencore and two other transnational companies, BHP and Anglo American whose expansion over the past 40 years is alleged to have caused environmental degradation and health problems for the local community.
Glencore has also been blamed for contaminating the area around Peru s Cerro de Pasco mine, run by a local company, Volcan, in which the mining giant has a majority stake. The dangerously high levels of lead, arsenic, aluminium and manganese found in local water caused the Peruvian government to declare a health emergency in 2018 after several children fell ill with lead poisoning. In Glencore s Porco mine in Bolivia, there are allegations of child labour and other abuses.
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In June 2020, a statement signed by more than 200 organizations around the world publicly denounced transnational mining companies for ignoring the threat of the pandemic and continuing to operate as normal.
The statement, which was based on a report jointly produced by non-profit and activist groups, such as the US-based Earthworks and the Bolivia-based Terra Justa, criticised the extraordinary measures being taken by some governments to suppress protests against mining activity, as well as attempts to push through regulatory changes in favour of the mining sector.
Transnational mining hasn’t gone into quarantine, and neither have the conflicts over how and where it operates. As in the past, activists have focused their attention on Glencore, the giant Anglo-Swiss commodities trading and mining company. The issues raised are familiar.
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CSE: CDPR
MONTRÉAL, April 27, 2021 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) ( CDPR or the Company ) is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement offering (the
Offering ). In connection with the closing of the initial tranche, the Company issued 3,022,128 units (each, a
Unit ) at a price of $0.35 per Unit for gross proceeds of $1,057,745.
Each unit consists of one common share of the Company (each, a
Share ) and one-half of one common share purchase warrant (each full warrant, a
Warrant ). Each Warrant entitles the holder to purchase an additional common share at a price of $0.50 for a period of 24 months from the date of issuance. The net proceeds of the Offering will be used for general working capital purposes and for the advancement of the Quiulacocha tailings retreatment project in Peru.
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MONTRÉAL, April 7, 2021 /CNW Telbec/ -
Cerro de Pasco Resources Inc. (CSE: CDPR) (OTC-PINK: GPPRF) (Frankfurt: N8HP) ( CDPR or the Company ) is pleased to announce its intention to complete a $2,500,000 non-brokered private placement offering (the Offering ) issuing up to 7,142,857 units of the Corporation ( Units ), each Unit consisting of one common share (a Share ) and one-half of one Share purchase warrant (each whole, a Warrant ), at a price of $0.35 per Unit. Each Warrant will entitle its holder to purchase one additional Share at a price of $0.50 per Share for a period of 24 months from the date of closing of the Offering.
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