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142-531: The mine closed in 1950 and exploration rights in the area of the old mine now lay with Barrick Gold , through its subsidiary, Sekenke Exploration Limited , while the wider area around the mine is under exploration by Currie Rose Resources Inc . Gold mining in Tanzania in modern times dates back to the German colonial period , beginning with gold discoveries near Lake Victoria in 1894. Gold mining at Kirondatal however

284-439: A constitutional monarchy , a proposal that was turned down. De la Serna abandoned the city, and on 12 July 1821, San Martín occupied Lima and declared Peruvian independence on 28 July 1821. He created the first Peruvian flag. Upper Peru (present-day Bolivia) remained as a Spanish stronghold until the army of Simón Bolívar liberated it three years later. José de San Martín was declared Protector of Peru. Peruvian national identity

426-467: A population of over 32 million, and its capital and largest city is Lima . At 1,285,216 km (496,225 sq mi), Peru is the 19th largest country in the world , and the third largest in South America . Peruvian territory was home to several cultures during the ancient and medieval periods, and has one of the longest histories of civilization of any country, tracing its heritage back to

568-486: A privately held North American oil and gas company, Barrick Resources. After suffering financial losses in oil and gas, founder Peter Munk (1927–2018) decided to refocus the company on gold. Barrick Resources Corporation became a publicly traded company on May 2, 1983, listing on the Toronto Stock Exchange . In the 1980s, Barrick Gold purchased Goldstrike, which was a rapid success making Barrick one of

710-530: A "seemingly abusive" strategic lawsuit against public participation . Despite the Québec ruling, a book "Noir Canada" documenting the relationship between Canadian mining corporations, armed conflict, and political actors in Africa was never published as part of a settlement which, according to the authors, was only made for the sole purpose of resolving the three-and-a-half-year legal battle. In 2011, Human Rights Watch ,

852-500: A $ 900 million deficit. The economic turbulence of the time acerbated social tensions in Peru and partly contributed to the rise of violent rebel rural insurgent movements, like Sendero Luminoso (Shining Path) and MRTA , which caused great havoc throughout the country. The Peruvian armed forces, frustrated with the inability of the García administration to handle the nation's crises, drafted

994-548: A New York City-based international non-governmental organization that conducts research on human rights, found a pattern of abuses perpetrated by private and public law-enforcement personnel in 2009 and 2010 in the Porgera Gold Mine in Papua New Guinea. Human Rights Watch says that violent insecurity is a “chronic problem” around Porgera due to people engaging in illegal mining and continuously raiding various areas of

1136-562: A boom between 1930 and the Second World War, the Kirondatal mine, active from 1934 to 1950, produced just 7,267 ounces of gold. The Kirondatal mine closed in 1950, having produced an average grade of 9.0 g/t of gold in its 16 years of operation. By 1967, gold production in Tanzania had dropped to insignificance but was revived in the mid-1970s, when the gold price rose once more. In the late 1990s, foreign mining companies started investing in

1278-517: A fine of $ 9.8 million was levied. Authorities in San Juan province responded with plans to re-engineer some operational and environmental processes at the mine, which were audited by local and international experts. The National Observer obtained court documents with allegations from a former employee that his employment was terminated soon after concerns were raised about health and safety and environmental practices in 2014. A U.S. class-action lawsuit

1420-618: A high biodiversity with 21,462 species of plants and animals reported as of 2003, 5,855 of them endemic , and is one of the megadiverse countries. Peru has over 1,800 species of birds (120 endemic ), over 500 species of mammals , over 300 species of reptiles, and over 1,000 species of freshwater fishes . The hundreds of mammals include rare species like the puma , jaguar and spectacled bear . The Birds of Peru produce large amounts of guano , an economically important export. The Pacific holds large quantities of sea bass , flounder , anchovies , tuna , crustaceans , and shellfish , and

1562-418: A history of dismissing gold as an attractive investment, saying a fine business run by good managers with cash flows and paying dividends is more productive than the precious metal. Buffett has previously said owning shares of quality companies is more valuable than owning gold itself. Buffett later sold his entire stake in the company in 2021. Environmental and human rights violations have taken place around

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1704-524: A large diversity of climates. Elevations above sea level in the country range from −37 to 6,778 m (−121 to 22,238 ft) and precipitation ranges from less than 20 mm (0.79 in) annually in desert areas to more than 8,000 mm (310 in) in tropical rainforest areas. Due to its geography, Peru can be divide into three main climates. The unbroken and relatively slim coastal region has moderate temperatures, low precipitation, and high humidity, except for its warmer, wetter northern reaches. In

1846-449: A lasting imprint on the country's governance that continues to present day. The 2000s marked economic expansion and poverty reduction, but the subsequent decade revealed long-existing sociopolitical vulnerabilities , exacerbated by a political crisis instigated by Congress and the COVID-19 pandemic , precipitating the period of unrest beginning in 2022 . The sovereign state of Peru

1988-501: A mining lease, exploration license and surface rights to restart the Reko Diq copper-gold project, it was announced in March 2022. The project when in production has the potential to be one of the top five gold-copper mines in the world. It has the potential to produce 250,000 ounces of gold and 200,000 tons of copper every year for more than half a century and could be in production by 2027. It

2130-569: A mix of cultures and ethnicities that did not exist before the Spanish conquered the Peruvian territory. Even though many of the Inca traditions were lost or diluted, new customs, traditions and knowledge were added, creating a rich mixed Peruvian culture. Two of the most important Indigenous rebellions against the Spanish were that of Juan Santos Atahualpa in 1742, and Rebellion of Túpac Amaru II in 1780 around

2272-615: A number of mining operations that are now closed or were previously operated by a different company, including violence in Papua New Guinea and Tanzania. Forty people were arrested in Chile following a demonstration against the potential environmental impacts of a mining project that has not been built. Executives of Acacia Mining , which had mining operations in Tanzania and was acquired in 2019, had faced charges of bribery, conspiracy, forgery, money-laundering, tax-evasion and environmental damage. There has also been small groups of opposition in

2414-499: A powerful state which, in the span of a century, formed the largest empire in the pre-Columbian Americas with their capital in Cusco . The Incas of Cusco originally represented one of the small and relatively minor ethnic groups, the Quechuas . Gradually, as early as the thirteenth century, they began to expand and incorporate their neighbors. Inca expansion was slow until about the middle of

2556-566: A result of these and other changes, the Spaniards and their creole successors came to monopolize control over the land, seizing many of the best lands abandoned by the massive native depopulation. However, the Spanish did not resist the Portuguese expansion of Brazil across the meridian. The Treaty of Tordesillas was rendered meaningless between 1580 and 1640 while Spain controlled Portugal . The need to ease communication and trade with Spain led to

2698-399: A self-imposed exile, initially avoiding prosecution for human rights violations and corruption charges by the new Peruvian authorities. Peru tried to fight corruption while sustaining economic growth at the start of the 21st century, though Fujimorism held power over much of Peruvian society through maintaining control of institutions and legislation created in the 1993 constitution, which

2840-580: A separate company to hold its assets in Tanzania, called African Barrick Gold . Barrick Gold would retain majority ownership in the new company, after its listing on the London Stock Exchange (LSE). African Barrick Gold was listed on the London Stock Exchange in mid-March 2010, with an IPO valuation at US$ 3.6 billion. The shares offered on the LSE raised just more than 500 million pounds. In June

2982-594: A statement saying they 'intend to show the complete manuscript to Barrick prior to the book's release, to allow Barrick the opportunity to "correct" any "falsehoods" about how they conduct their business affairs, worldwide, that they feel it may contain.'" A 2011 decision in Quebec Superior Court had ruled that Barrick Gold had to pay $ 143,000 to authors Alain Deneault, Delphine Abadie, William Sacher, and publisher Les Éditions Écosociété Inc to prepare their defense in

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3124-524: A subsequent study on environmental impacts, allowing the mine to operate as originally proposed. In 2008, the company negotiated an agreement with four of five regional Western Shoshone tribes, providing financial resources for education and wellness initiatives, including a long-term scholarship program, allocated at the Tribes' discretion. A former tribal chairman of the Duck Valley Shoshone spoke of

3266-589: A wide diversity of expressions in fields such as art , cuisine , literature , and music . The name of the country may be derived from Birú , the name of a local ruler who lived near the Bay of San Miguel , Panama City, in the early 16th century. Spanish conquistadors , who arrived in 1522, believed this was the southernmost part of the New World . When Francisco Pizarro invaded the regions farther south, they came to be designated Birú or Perú . An alternative history

3408-600: Is a representative democratic republic divided into 25 regions . Its main economic activities include mining , manufacturing , agriculture and fishing, along with other growing sectors such as telecommunications and biotechnology . The country forms part of The Pacific Pumas , a political and economic grouping of countries along Latin America's Pacific coast that share common trends of positive growth, stable macroeconomic foundations, improved governance and an openness to global integration. Peru ranks high in social freedom ; it

3550-792: Is an active member of the Asia-Pacific Economic Cooperation , the Pacific Alliance , the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the World Trade Organization ; and is considered as a middle power . Peru's population includes Mestizos , Amerindians , Europeans , Africans and Asians . The main spoken language is Spanish , although a significant number of Peruvians speak Quechuan languages , Aymara , or other Indigenous languages . This mixture of cultural traditions has resulted in

3692-510: Is home to many sharks, sperm whales , and whales. The invertebrate fauna is far less inventoried; at least beetles (Coleoptera) have been surveyed in the "Beetles of Peru" project, led by Caroline S. Chaboo, University of Nebraska, USA and this revealved more 12,000 documented and many new species for Peru. Peru also has an equally diverse flora . The coastal deserts produce little more than cacti , apart from hilly fog oases and river valleys that contain unique plant life. The Highlands above

3834-422: Is provided by the contemporary writer Inca Garcilaso de la Vega , son of an Inca princess and a conquistador. He said the name Birú was that of a common Amerindian who was happened upon by the crew of a ship on an exploratory mission for governor Pedro Arias Dávila and went on to relate more instances of misunderstandings due to the lack of a common language. The Spanish crown gave the name legal status with

3976-455: Is said to predate this era, having been carried out by Arab traders in pre-colonial times. The nearby Sekenke Gold Mine became the first gold mine in Tanganyika, when it began operation in 1909, after gold having been discovered there in 1907. Kirondatal was opened considerably later, in 1930. While Sekenke became the largest single producer of gold when gold mining in the country experienced

4118-531: Is sold to Boroo Pte Ltd. for up to US$ 81 million. The BBC reported in September 2012 that one person was killed and at least four more were injured at the Barrick Pierina mine in the northern Ancash region of Peru in clashes between national police and members of a neighboring community who were protesting the mine's alleged over-consumption and contamination of local water sources during a drought. Villagers from

4260-579: Is the selva (jungle), a wide expanse of flat terrain covered by the Amazon rainforest that extends east. Almost 60 percent of the country's area is located within this region. The country has fifty-four hydrographic basins, fifty-two of which are small coastal basins that discharge their waters into the Pacific Ocean. The final two are the endorheic basin of Lake Titicaca , and the Amazon basin, which empties into

4402-466: The auto-golpe ("self-coup") of 5 April 1992. He then revised the constitution, called new congressional elections, and implemented substantial economic reform, including privatization of numerous state-owned companies, creation of an investment-friendly climate, and sound management of the economy. Nonetheless, these policies did not benefit the poorest much, and inequality persisted despite Fujimori's economic achievements. Fujimori's administration

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4544-464: The 2006 elections . In 2006, Alberto Fujimori's daughter, Keiko Fujimori , entered Peru's political arena to continue her father's legacy and espouse Fujimorism. In May 2008, Peru became a member of the Union of South American Nations . In April 2009, former president Alberto Fujimori was convicted of human rights violations and sentenced to 25 years in prison for his role in killings and kidnappings by

4686-510: The Ayacucho massacre and Juliaca massacre occurring at this time, resulting with the most violence experienced in the nation in over two decades. The strong response by the political elite in Lima raised concerns that they sought to establish an authoritarian or civilian-military government . Peru is located on the central western coast of South America facing the Pacific Ocean. It lies wholly in

4828-467: The Grupo Colina death squad during his government's battle against leftist guerrillas in the 1990s. During the presidencies of Ollanta Humala , Pedro Pablo Kuczynski and Martín Vizcarra , the right-wing Congress led by Keiko Fujimori obstructed much of the actions performed by the presidents. On 5 June 2011, Ollanta Humala was elected president, with his cabinet being successfully censured by

4970-523: The Huaca Prieta settlement. Andean societies were based on agriculture, using techniques such as irrigation and terracing ; camelid husbandry and fishing were also important. Organization relied on reciprocity and redistribution because these societies had no notion of market or money. The oldest known complex society in Peru, the Caral/Norte Chico civilization , flourished along the coast of

5112-638: The International Petroleum Corporation (IPC), the North American company that exploited Peruvian oil, and then launched a reform of the state apparatus, an agrarian reform. It was the biggest agrarian reform ever undertaken in Latin America: it abolished the latifunda system and modernized agriculture through a more equitable redistribution of land (90% of the peasants formed cooperatives or agricultural societies of social interest). Land

5254-567: The Plan Verde , which involved the genocide of impoverished and indigenous Peruvians, the control or censorship of the media in Peru , and the establishment of a neoliberal economy controlled by a military junta . Alberto Fujimori assumed the presidency in 1990 and, according to the head of the National Intelligence Service (SIN) Rospigliosi, an understanding was established between Fujimori, Vladimiro Montesinos , and some of

5396-540: The Sapa Inca , to be the " child of the sun ." Atahualpa (or Atahuallpa), the last Sapa Inca , became emperor when he defeated and executed his older half-brother Huáscar in a civil war sparked by the death of their father, Inca Huayna Capac. In December 1532, a party of conquistadors (supported by the Chankas , Huancas , Cañaris and Chachapoyas as Indian auxiliaries ) led by Francisco Pizarro defeated and captured

5538-473: The Southern Hemisphere , its northernmost extreme reaching to 1.8 minutes of latitude or about 3.3 kilometres (2.1 mi) south of the equator , covers 1,285,216 km (496,225 sq mi) of western South America. It borders Ecuador and Colombia to the north, Brazil to the east, Bolivia to the southeast, Chile to the south, and the Pacific Ocean to the west. The Andes mountains run parallel to

5680-645: The United States Court of Appeals for the Ninth Circuit , challenging a ruling in the United States District Court for the District of Nevada , which denied the bid to block the project. The Appeals Court "upheld a federal judge's finding that opponents of the mine failed to prove they were likely to prevail on claims the mine would cause visual harm to Mount Tenabo and create a substantial burden on

5822-548: The War of the Pacific , which lasted until 1884. Bolivia invoked its alliance with Peru against Chile. The Peruvian Government tried to mediate the dispute by sending a diplomatic team to negotiate with the Chilean government, but the committee concluded that war was inevitable. Peruvian historiography is unanimous in maintaining that the deep cause of this war was Chile's ambition to take over

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5964-523: The human rights violations committed in the last years of violence. His Programa Nacional de Población also resulted with the forced sterilization of at least 300,000 poor and indigenous women. In early 1995, once again Peru and Ecuador clashed in the Cenepa War , but in 1998 the governments of both nations signed a peace treaty that clearly demarcated the international boundary between them. In November 2000, Fujimori resigned from office and went into

6106-630: The war of independence in North America , and Native uprisings all contributed to a favorable climate to the development of emancipation ideas among the C riollo population in South America. However, the Criollo oligarchy in Peru enjoyed privileges and remained loyal to the Spanish Crown. The liberation movement started in Argentina where autonomous juntas were created as a result of the loss of authority of

6248-710: The 10th millennium BCE. Notable pre-colonial cultures and civilizations include the Caral–Supe civilization (the earliest civilization in the Americas and considered one of the cradles of civilization ), the Nazca culture , the Wari and Tiwanaku empires, the Kingdom of Cusco , and the Inca Empire , the largest known state in the pre-Columbian Americas. The Spanish Empire conquered the region in

6390-642: The 1529 Capitulación de Toledo , which designated the newly encountered Inca Empire as the province of Peru. In 1561, the rebel Lope de Aguirre declared himself the "Prince" of an independent Peru, which was cut short by his arrest and execution. Under Spanish rule, the country adopted the denomination Viceroyalty of Peru , which became the Peruvian Republic from its independence until 1979 , when it adopted its current name of Republic of Peru . The earliest evidences of human presence in Peruvian territory have been dated to approximately 12,500 BCE in

6532-556: The 16th century and Charles V established a viceroyalty with the official name of the Kingdom of Peru that encompassed most of its South American territories, with its capital in Lima . Higher education started in the Americas with the official establishment of the National University of San Marcos in Lima in 1551. Peru formally proclaimed independence from Spain in 1821, and following

6674-474: The 1860s Peru enjoyed a period of stability under the presidency of Ramón Castilla , through increased state revenues from guano exports. In 1864, a Spanish expedition occupied the Chincha Islands (guano producers) and unleashed an international incident with great consequences in Peruvian internal politics, which led to a coup d'état against President Juan Antonio Pezet , Mariano's government. Peru, with

6816-422: The 20th century, Peru grappled with political and social instability, including the internal conflict between the state and guerrilla groups, interspersed with periods of economic growth. Implementation of Plan Verde shifted Peru towards neoliberal economics under the authoritarian rule of Alberto Fujimori and Vladimiro Montesinos in the 1990s, with the former's political ideology of Fujimorism leaving

6958-560: The Amazon. The largest lake in Peru , Lake Titicaca between Peru and Bolivia high in the Andes, is also the largest of South America. The largest reservoirs , all in the coastal region of Peru, are the Poechos , Tinajones, San Lorenzo, and El Fraile reservoirs. Although Peru is located entirely in the tropics , the combination of tropical latitude, mountain ranges, topography variations, and two ocean currents ( Humboldt and El Niño ) gives Peru

7100-526: The Atlantic Ocean. Both are delimited by the Andes mountain range. The Amazon basin is particularly noteworthy as it is the source of the Amazon River, which at 6872 km, is the longest river in the world, and covers 75% of Peruvian territory. Peru contains 4% of the planet's freshwater. Most Peruvian rivers originate in the peaks of the Andes and drain into one of three basins . Those that drain toward

7242-605: The Chimu flourished from about 1140 to 1450. Their capital was at Chan Chan outside of modern-day Trujillo . In the highlands, both the Tiahuanaco culture, near Lake Titicaca in both Peru and Bolivia, and the Wari culture, near the present-day city of Ayacucho , developed large urban settlements and wide-ranging state systems between 500 and 1000 CE. In the 15th century, the Incas emerged as

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7384-656: The Congo , Dominican Republic , Mali , Papua New Guinea , Saudi Arabia , Tanzania , the United States and Zambia . In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $ 1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $ 3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves. Barrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021. Barrick had been

7526-615: The Devil, who was working "through them to frustrate" their foundations. It only took a generation to convert the population. They built churches in every city and replaced some of the Inca temples with churches, such as the Coricancha in the city of Cusco. The church employed the Inquisition , making use of torture to ensure that newly converted Catholics did not stray to other religions or beliefs, and monastery schools, educating girls, especially of

7668-600: The Dominican Republic. In 2010, Barrick Gold Corporation became the 18th company to join the Voluntary Principles on Security and Human Rights which provides "guidance to extractives companies on maintaining the security of their operations in a manner that respects human rights and fundamental freedoms." Admission follows an eight step process that requires approval by the Voluntary Principles plenary,

7810-524: The Fujimorist Congress. Beginning with Pedro Pablo Kuczynski , Congress used broadly interpreted impeachment wording in the 1993 Constitution of Peru that allowed impeachment of the president without cause to place pressure on the president, forcing him to resign in 2018 amid various controversies surrounding his administration. Vice president Martín Vizcarra then assumed office in March 2018 with generally favorable approval ratings as he led

7952-592: The God of the Sun who ruled from a magnificently rebuilt Cusco. From 1438 to 1533, the Incas used a variety of methods, from conquest to peaceful assimilation, to incorporate a large portion of western South America, centered on the Andean mountain ranges, from southern Colombia to northern Chile, between the Pacific Ocean in the west and the Amazon rainforest in the east. The official language of

8094-442: The Inca Emperor Atahualpa in the Battle of Cajamarca . After years of preliminary exploration and military conflicts, it was the first step in a long campaign that took decades of fighting but ended in Spanish victory and colonization of the region known as the Viceroyalty of Peru with its capital at Lima , which was then known as "La Ciudad de los Reyes" (The City of Kings). The conquest of Peru led to spin-off campaigns throughout

8236-416: The Inca nobility and upper class, "until they were old enough either to profess [to become a nun] or to leave the monastery and assume the role ('estado') in the Christian society that their fathers planned to erect" in Peru. Peruvian Catholicism follows the syncretism found in many Latin American countries, in which religious native rituals have been integrated with Christian celebrations. In this endeavor,

8378-400: The National Library ( in favor of knowledge), the approval of the National Anthem, and the abolition of the mita (in favor of the indigenous people). On December 27, 1821, San Martín created three ministries: Ministry of State and Foreign Affairs, committing Juan García del Río; Ministry of War and Navy , to Bernardo de Monteagudo; and Ministry of Finance, to Hipólito Unanue. From the 1840s to

8520-403: The Pacific Ocean are steep and short, flowing only intermittently. Tributaries of the Amazon River have a much larger flow, and are longer and less steep once they exit the sierra . Rivers that drain into Lake Titicaca are generally short and have a large flow. Peru's longest rivers are the Ucayali , the Marañón , the Putumayo , the Yavarí , the Huallaga , the Urubamba , the Mantaro , and

8662-404: The Pacific Ocean between 3,000 and 1,800 BCE. These early developments were followed by archaeological cultures that developed mostly around the coastal and Andean regions throughout Peru. The Cupisnique culture which flourished from around 1000 to 200 BCE along what is now Peru's Pacific coast was an example of early pre- Inca culture . The Chavín culture that developed from 1500 to 300 BCE

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8804-423: The Pacific Ocean; they define the three regions traditionally used to describe the country geographically. The costa (coast), to the west, is a narrow, largely arid plain except for valleys created by seasonal rivers. The sierra (highlands) is the region of the Andes; it includes the Altiplano plateau as well as the highest peak of the country, the 6,768 m (22,205 ft) Huascarán . The third region

8946-406: The Pacific War. The casus belli was the confrontation between Bolivia and Chile over a tax problem in which Peru was compromised by the Treaty of Defensive Alliance signed with Bolivia in 1873. However, Peruvian historiography is unanimous in maintaining that the deep cause of This war was Chile's ambition to take over the nitrate and guano territories of southern Peru.92 In the first stage of the war,

9088-460: The Philippines. The commercial and population exchanges between Latin America and Asia undergone via the Manila Galleons transiting through Acapulco, had Callao at Peru as the furthest endpoint of the trade route in the Americas. In relation to this, Don Sebastian Hurtado de Corcuera , governor of Panama was also responsible for settling Zamboanga City in the Philippines by employing Peruvian soldiers and colonists. African slaves were added to

9230-400: The Porgera Valley began in 2005 and by 2011 there were hundreds of allegations. Several victims received compensation through a remediation program that was set up in 2012 but was later criticized as other victims who took legal action instead of participating in the remediation program received higher compensation after reportedly settling out of court for a sum that was higher than offered in

9372-422: The Spanish government over its colonies. After fighting for the independence of the Viceroyalty of Rio de la Plata, José de San Martín created the Army of the Andes and crossed the Andes in 21 days. Once in Chile, he joined forces with Chilean army General Bernardo O'Higgins and liberated the country in the battles of Chacabuco and Maipú in 1818. On 7 September 1820, a fleet of eight warships arrived in

9514-420: The Treaty, and neither of the countries could determine the statutory framework. The War of the Pacific was the bloodiest war Peru has fought in. After the War of the Pacific, an extraordinary effort of rebuilding began. The government started to initiate a number of social and economic reforms to recover from the damage of the war. Political stability was achieved only in the early 1900s. Internal struggles after

9656-417: The Viceroyalty of Peru. Eventually, the viceroyalty would dissolve, as with much of the Spanish empire, when challenged by national independence movements at the beginning of the nineteenth century. These movements led to the formation of the majority of modern-day countries of South America in the territories that at one point or another had constituted the Viceroyalty of Peru. The conquest and colony brought

9798-428: The agreement with Barrick Gold to develop the Reko Diq copper-gold project the largest investment pact they have ever made. The agreement signed in December 2022 has the province of Baluchistan owning 10% of the project on a free carried basis, 15% on a fully funded basis, 25% by three state-owned enterprises, and 50% by Barrick Gold. Next steps to ramp-up the project include completing the updated feasibility study by

9940-419: The announcement of the merger, Randgold shares rose 6% and Barrick shares rose 5.6%. The deal created the world's largest gold producer with the new company listed on the Toronto Stock Exchange and New York Stock Exchange. The companies began talking about a combination in 2015 and the deal was orchestrated by Barrick Executive Chairman John L. Thornton and Randgold Founder and CEO Mark Bristow, who became CEO of

10082-461: The anti-corruption constitutional referendum movement. The COVID-19 pandemic resulted with Peru experiencing the highest death rate from COVID-19 in the world, exposing much of the inequality that persisted since the Fujimori administration and triggering an economic crisis that led to Vizcara's removal from the presidency by Congress . Widely seen as a coup by Congress, its head, the newly seated President Manuel Merino , faced protests across

10224-416: The associated processing plants and infrastructure of both companies. The joint venture was created after Barrick gave up a takeover bid for Newmont in early 2019. Nevada Gold Mines in total comprises 10 underground and 12 opencast mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant and five heap leach facilities. Barrick owns 61.5% of the joint venture and operates

10366-608: The authorities – to a status equivalent to that of Spanish and established equal rights for natural children. Peru wished to free itself from any dependence and carried out a third-world foreign policy. The United States responded with commercial, economic and diplomatic pressure. In 1973 Peru seemed to triumph over the financial blockade imposed by Washington by negotiating a loan from the International Development Bank to finance its agricultural and mining development policy. The relations with Chile became very tense after

10508-523: The biggest gold mining companies globally. Reflecting its identity as a North American producer, distinct from its South African competitors, the company's name was changed to American Barrick Resources in 1986. It was listed on the New York Stock Exchange in February 1987. Its name was changed to Barrick Gold Corporation in 1995. American Barrick became the third-largest gold mining company in

10650-502: The bombings of Tarata and Frecuencia Latina by Sendero Luminoso. Fujimori would also broaden the definition of terrorism in an effort to criminalize as many actions possible to persecute left-wing political opponents. Using the terruqueo , a fearmongering tactic that was used to accuse opponents of terrorism, Fujimori established a cult of personality by portraying himself as a hero and made left-wing ideologies an eternal enemy in Peru. Those incidents subsequently came to symbolize

10792-459: The book Imperial Canada Inc.: Legal Haven of Choice for the World's Mining Industries by Alain Deneault. Publisher Karl Siegler described this as " libel chill ," pointing out that since the book had not yet been published, Barrick Gold could not know whether or not its contents actually constituted defamation. Subsequently, Talon decided to publish the work ( ISBN   9780889226357 ) and "issued

10934-496: The boundary between those two countries. In a military coup on 29 October 1948, General Manuel A. Odría became president. Odría's presidency was known as the Ochenio . He came down hard on APRA, momentarily pleasing the oligarchy and all others on the right, but followed a populist course that won him great favor with the poor and lower classes. A thriving economy allowed him to indulge in expensive but crowd-pleasing social policies. At

11076-422: The business, while Newmont owns 38.5%. It was estimated that $ 500 million could be saved by creating the joint venture in average annual synergies during the first five years of operating the joint venture. After its first year of operation, $ 35 million in operating and management costs were saved. Over 20 years, it is estimated that $ 4.7 billion of total savings will be realised. Pakistan plans to grant Barrick

11218-697: The church came to play an important role in the acculturation of the Natives, drawing them into the cultural orbit of the Spanish settlers. By the 18th century, declining silver production and economic diversification greatly diminished royal income. In response, the Crown enacted the Bourbon Reforms , a series of edicts that increased taxes and partitioned the Viceroyalty . The new laws provoked Túpac Amaru II's rebellion and other revolts, all of which were suppressed. As

11360-448: The command of Gregorio Escobedo. Because Peru was the stronghold of the Spanish government in South America, San Martín's strategy to liberate Peru was to use diplomacy. He sent representatives to Lima urging the Viceroy that Peru be granted independence, however, all negotiations proved unsuccessful. The Viceroy of Peru, Joaquín de la Pazuela named José de la Serna commander-in-chief of

11502-476: The communities of Mareniyoc and San Isidro blocked an access road to the mine and entered the property by forcing open the mine gate. Community members asked that the mine provide the communities with drinking water. Operations at the mine resumed after two days. Through 2009 and into 2010, Barrick Gold's Cortez Hills project was the subject of litigation in Nevada, seeking to block the project. Opponents appealed to

11644-564: The company as "a pretty progressive entity." In British Columbia the Tahltan Nation has thanked the company for encouraging local sustainable development while operating the Eskay Creek mine from 2001 to 2008. Peru Peru , officially the Republic of Peru , is a country in western South America . It is bordered in the north by Ecuador and Colombia , in the east by Brazil , in

11786-585: The company said it had been working with Human Rights Watch for six months on a series of actions in response to the investigation, which included improvements to the security environment, enhanced human rights training, and grievance mechanisms. A “remedy framework” called the Porgera Remedy Framework was set up as an alternative to the local judicial system to deliver compensation packages. In June 2014, Amnesty International reported that local police forced evictions by way of arson from land adjacent to

11928-563: The company was admitted to the FTSE 100 Index . In April 2011, Barrick beat a takeover offer for Equinox Minerals by China Minmetals . In 2018, John L. Thornton orchestrated a strategic “trust-based relationship” between Barrick Gold and Shandong Gold Group, a Chinese state-owned enterprise, establishing joint ownership of the Veladero mine to capitalize on Shandong's investor base, capital suppliers, political connections, and regional influence. In

12070-448: The country in the 1570s with gold and silver mining as its main economic activity and Amerindian forced labor as its primary workforce. With the discovery of the great silver and gold lodes at Potosí (present-day Bolivia) and Huancavelica , the viceroyalty flourished as an important provider of mineral resources. Peruvian bullion provided revenue for the Spanish Crown and fueled a complex trade network that extended as far as Europe and

12212-579: The country, and after five days, Merino resigned from the presidency. Merino was replaced by President Francisco Sagasti , who led a provisional, centrist government, and enforced many of Vizcarra's former policies. Elections were held on 11 April 2021, and Pedro Castillo of the Free Peru party won the first round, followed closely by Keiko Fujimori, with right-wing parties allied with Fujimori maintaining positions in Congress. On 28 July 2021, Pedro Castillo

12354-456: The country. After the country experienced chronic inflation , the Peruvian sol was replaced by the inti in mid-1985, which itself was replaced by the nuevo sol in July 1991 (the new sol had a cumulative value of one billion old soles). At the end of the 1980s, the per capita annual income of Peruvians fell to $ 720 (below the level of 1960) and Peru's GDP dropped 20%, with national reserves running

12496-773: The coup d'état of the general Pinochet . General Edgardo Mercado Jarrin (Prime Minister and Commander-in-Chief of the Army) and Admiral Guillermo Faura Gaig (Minister of the Navy) both escaped assassination attempts within weeks of each other. In 1975 General Francisco Morales Bermúdez Cerruti seized power and broke with the policies of his predecessor. His regime occasionally participated in Operation Condor in collaboration with other American military dictatorships. President Alan García 's economic policies distanced Peru from international markets further, resulting in lower foreign investment in

12638-500: The empire was Quechua , although hundreds of local languages and dialects were spoken. The Inca referred to their empire as Tawantinsuyu which can be translated as "The Four Regions" or "The Four United Provinces." Many local forms of worship persisted in the empire, most of them concerning local sacred Huacas , but the Inca leadership encouraged the worship of Inti , the sun god and imposed its sovereignty above other cults such as that of Pachamama . The Incas considered their King,

12780-442: The end of 2024 with first production of gold and copper to occur in 2028. Berkshire Hathaway disclosed that it purchased $ 562 million in shares of Barrick during the second quarter of 2020, immediately making it the eleventh-largest shareholder in the company. The new position is 20.9 million shares, which is 1.2% of the company's outstanding stock. Berkshire CEO Warren Buffett and his key business partner Charlie Munger have

12922-549: The exploration and development of gold deposits in Tanzania, leading to the opening of a number of new mines. Kirondatal however was not reopened. Barrick Gold Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario , Canada . It has mining operations in Argentina , Canada , Chile , Côte d'Ivoire , Democratic Republic of

13064-463: The falling price of gold that would have made the operation less economical. A $ 140 million settlement was reached two months later with no charges of wrongdoing or liability and the company stating the claims alleged by the lead plaintiffs are unfounded. In February 2010, lawyers for Barrick Gold threatened to sue the Canadian publisher Talonbooks for defamation if it proceeded with plans to publish

13206-510: The fifteenth century, when the pace of conquest began to accelerate, particularly under the rule of the emperor Pachacuti . Under his rule and that of his son, Topa Inca Yupanqui , the Incas came to control most of the Andean region, with a population of 9 to 16 million inhabitants under their rule. Pachacuti also promulgated a comprehensive code of laws to govern his far-flung empire, while consolidating his absolute temporal and spiritual authority as

13348-460: The first parliament was assembled. The newly founded Peruvian Congress named Bolívar dictator of Peru, giving him the power to organize the military. With the help of Antonio José de Sucre , they defeated the larger Spanish army in the Battle of Junín on 6 August 1824 and the decisive Battle of Ayacucho on 9 December of the same year, consolidating the independence of Peru and Upper Peru. Upper Peru

13490-653: The following three decades. A final peace treaty in 1929, signed between Peru and Chile called the Treaty of Lima , returned Tacna to Peru. Between 1932 and 1933, Peru was engulfed in a year-long war with Colombia over a territorial dispute involving the Amazonas Department and its capital Leticia . In 1941 Peru and Ecuador fought the Ecuadorian–Peruvian War , after which the Rio Protocol sought to formalize

13632-499: The fray and since then became Peru's greatest hero. Almost five years of war ended with the loss of the department of Tarapacá and the provinces of Tacna and Arica , in the Atacama region. Francisco Bolognesi and Miguel Grau are both renowned heros of the war. Originally Chile committed to a referendum for the cities of Arica and Tacna to be held years later, to self determine their national affiliation. However, Chile refused to apply

13774-416: The global gold industry. Merging gold companies could make the industry more attractive to general investors as gold reserves are shrinking across the globe so fewer competitors could boost growth prospects. Newmont rejected the takeover offer and instead suggested the two companies' operations in Nevada, USA, be merged with Newmont CEO Gary Goldberg insisting that the joint venture be operated by Newmont with

13916-520: The help of Bolivia , Chile and Ecuador , sent a declaration of war on Spain. After the battle of Callao on May 2, 1866, the Spanish Navy withdrew from Peru. The government of José Balta was lavish in infrastructure works (construction of the Central Railway ) although the first signs of excess government spending were already perceived. By the 1870s the guano resources had been depleted, the country

14058-479: The highlands near Cuzco. In the early 19th century, while most South American nations were swept by wars of independence , Peru remained a royalist stronghold. As the elite vacillated between emancipation and loyalty to the Spanish monarchy, independence was achieved only after the occupation by military campaigns of José de San Martín and Simón Bolívar . The economic crises, the loss of power of Spain in Europe,

14200-465: The labor population to expand the workforce. The expansion of a colonial administrative apparatus and bureaucracy paralleled the economic reorganization. With the conquest started the spread of Christianity in South America; most people were forcefully converted to Catholicism , with Spanish clerics believing like Puritan divines of English colonies later that the Native Peoples "had been corrupted by

14342-410: The loyalist army to protect Lima from the threatened invasion by San Martín. On 29 January, de la Serna organized a coup against de la Pazuela, which was recognized by Spain and he was named Viceroy of Peru. This internal power struggle contributed to the success of the liberating army. To avoid a military confrontation, San Martín met the newly appointed viceroy, José de la Serna, and proposed to create

14484-793: The main decision-making body, consisting of all active members, drawn from participating governments, companies and non-governmental organizations. Barrick Gold participates in a number of corporate social responsibility programs, such as the United Nations Global Compact . The company is a signatory to the Extractive Industries Transparency Initiative. It also participates in The Global Reporting Initiative , Business for Social Responsibility and The Global Business Coalition on HIV/Aids, Tuberculosis and Malaria. On September 7, 2007, Barrick

14626-497: The material that remains after extracting gold from ore is processed into tailings and sent off the mining property. Critics say the tailings disposal method could release harmful materials in a way that would not be allowed under the water quality expectations of a developed country. The Porgera Joint Venture is one of three large mines that dispose of tailings in this way in the country. In February 2021, Barrick Gold announced it would sell its Lagunas Norte mine in Peru. The mine

14768-471: The merged company. In February 2019, Barrick Gold announced a hostile $ 19 billion bid to acquire Newmont . It was estimated that a merger could create $ 7 billion of value in operational synergies and would result in a 14% rise in Newmont's net asset value per share. The deal would have created a gold mining company with a market value of about $ 42 billion that some said would be a long-overdue restructuring of

14910-421: The military campaigns of Bernardo O'Higgins , José de San Martín , and Simón Bolívar , as well as the decisive battle of Ayacucho , it completed its independence in 1824 . In the ensuing years, the country first suffered from political instability until a period of relative economic and political stability began due to the exploitation of guano that ended with the War of the Pacific (1879–1884). Throughout

15052-526: The military officers involved in Plan Verde to abide by the military's demands prior to Fujimori's inauguration. Fujimori would go on to adopt many of the policies outlined in Plan Verde, which led to a precitious drop in infliation from 7,650% at the start of 1990 to 139% in 1991 and 57% in 1992. When Fujimori faced opposition to his reform efforts, he dissolved Congress, suspending the judiciary, arresting several opposition leaders and assuming full powers in

15194-400: The mine. The report said that community leaders presumed the alleged actions by the police were an effort to prevent illegal mining. Journalist Richard Poplak visited the area around the mine in 2016 and reported that Papua New Guinea could be the most dangerous country in the world to be female and that law and order in the country is lacking. He reported that rumours of sexual violence in

15336-431: The mining property including the open pit, stockpile areas for rock, waste dumps, and underground tunnels. Human Rights Watch said the government of Papua New Guinea has “consistently failed” to maintain law and order in the area and that responsible government regulation was the one essential component still lacking to manage the unstable social situation in the area. On the same day Human Rights Watch published its report,

15478-420: The more outstanding Chimu and Moche . The Moche, who reached their apogee in the first millennium CE, were renowned for their irrigation system which fertilized their arid terrain, their sophisticated ceramic pottery, their lofty buildings, and clever metalwork. The Chimu were the great city builders of pre-Inca civilization; as a loose confederation of walled cities scattered along the coast of northern Peru,

15620-451: The mountain region, which covers almost a third of the country, rain is frequent in summer, and temperature and humidity diminish with altitude up to the frozen peaks of the Andes. The Peruvian Amazon , covering more than half of the total area of Peru, is characterized by heavy rainfall and high temperatures, except for its southernmost part, which has cold winters and seasonal rainfall. Because of its varied geography and climate, Peru has

15762-418: The naval campaign, the Peruvian navy repelled the Chilean attack until October 8, 1879, the day in which the naval combat of Angamos was fought, where the Chilean navy with its ships Cochrane, Blanco Encalada, Loa and Covadonga cornered the monitor Huáscar, the main ship of the Peruvian navy commanded by Admiral AP Miguel Grau, who died in the fray and since then became Peru's greatest hero. In 1879 Peru entered

15904-442: The nitrate and guano territories of southern Peru and Bolivia. In the first stage of the war, the naval campaign, the Peruvian navy repelled the Chilean attack until October 8, 1879, the day in which the naval combat of Angamos was fought, where the Chilean navy with its ships Cochrane, Blanco Encalada, Loa and Covadonga cornered the monitor Huáscar , the main ship of the Peruvian navy, commanded by Admiral AP Miguel Grau, who died in

16046-713: The oldest mining companies in the United States. The purchase made Barrick the second-largest gold producer in the world. In December 2005, Barrick launched a hostile takeover bid valued at US$ 9.2 billion for rival Canadian gold miner Placer Dome. The $ 10.4 billion transaction closed in December 2006. The acquisition of Placer Dome by Barrick made Barrick the operator of the Granny Smith , Osborne, Porgera , South Deep , Bald Mountain , Cortez and Golden Sunlight mines. In February 2010, Barrick Gold announced plans to create

16188-466: The opposition-controlled legislature and create an "exceptional emergency government." In response, Congress quickly held an emergency session on the same day, during which it voted 101–6 (with 10 abstentions) to remove Castillo from office and replace him with Vice President Dina Boluarte . She became the country's first female president. Castillo was arrested after trying to flee to the Mexican embassy and

16330-536: The port of Paracas under the command of General José de San Martín and Thomas Cochrane , who was serving in the Chilean Navy. Immediately on 26 October, they took control of the town of Pisco . San Martín settled in Huacho on 12 November, where he established his headquarters while Cochrane sailed north and blockaded the port of Callao in Lima. At the same time in the north, Guayaquil was occupied by rebel forces under

16472-407: The press release announcing the partnership, Thornton said that Barrick and Shandong were looking forward to “sharing... capital in ways that will create added value for our respective owners, and our government and community partners in San Juan province”. In September 2018, Barrick Gold announced an all-stock merger with Randgold Resources in a deal valued at $ 6.5 billion. Immediately following

16614-571: The project, which is the single largest investment in the country. About 8,000 jobs are expected to be created and about $ 1 billion will be invested in a new mining technical school along with hospital, schools and roads in the province of Balochistan, which is poor and sparsely populated. Construction of the mine will take place in two phases beginning with a processing plant with the capacity of 40 million tonnes per year and doubling five years after being commissioned. The federal government of Pakistan and provincial government of Baluchistan have called

16756-629: The remediation program. Soon after the Human Rights Watch 2011 publication, the mine, which was owned jointly by Barrick, Zijin Mining Group of China , and local landowners through Mineral Resources Enga, was nationalized by the government of Papua New Guinea under Prime Minister James Marape when the government did not renew the mining lease, and it expired in August 2019. The gold mine, which contributes about 10% of Papua New Guinea's total exports,

16898-492: The same time, however, civil rights were severely restricted and corruption was rampant throughout his regime. Odría was succeeded by Manuel Prado Ugarteche . However, widespread allegations of fraud prompted the Peruvian military to depose Prado and install a military junta, via a coup d'état led by Ricardo Pérez Godoy . Godoy ran a short transitional government and held new elections in 1963, which were won by Fernando Belaúnde Terry who assumed presidency until 1968. Belaúnde

17040-505: The southeast by Bolivia , in the south by Chile , and in the south and west by the Pacific Ocean. Peru is a megadiverse country , with habitats ranging from the arid plains of the Pacific coastal region in the west, to the peaks of the Andes mountains extending from the north to the southeast of the country, to the tropical Amazon basin rainforest in the east with the Amazon River . Peru has

17182-423: The split of the viceroyalty and the creation of new viceroyalties of New Granada and Rio de la Plata at the expense of the territories that formed the Viceroyalty of Peru ; this reduced the power, prominence and importance of Lima as the viceroyal capital and shifted the lucrative Andean trade to Buenos Aires and Bogotá , while the fall of the mining and textile production accelerated the progressive decay of

17324-596: The tribes' ability to exercise their religion" but ruled the U.S. Bureau of Land Management's previous environmental review of water and air pollution impacts "was inadequate under the National Environmental Policy Act " and ordered the District Court to provide "appropriate" injunctive relief while the Bureau of Land Management conducted further study. In March 2011 the Bureau of Land Management approved

17466-560: The two companies dividing the ownership equally. A joint venture was subsequently announced in March 2019 with Barrick as the operator owning 61.5% of the business. On July 1, 2019, Barrick and Newmont launched Nevada Gold Mines. The combined operation is the single largest gold mining complex in the world and employs more than 7,000 people. It combined the mines Goldstrike , Cortez , Turquoise Ridge, and Goldrush from Barrick and Newmont's Carlin, Twin Creeks, Phoenix, Long Canyon sites, plus

17608-620: The viceroyalty as well as expeditions towards the Amazon Basin as in the case of Spanish efforts to quell Amerindian resistance. The last Inca resistance was suppressed when the Spaniards annihilated the Neo-Inca State in Vilcabamba in 1572. The Indigenous population dramatically collapsed overwhelmingly due to epidemic diseases introduced by the Spanish as well as exploitation and socio-economic change. Viceroy Francisco de Toledo reorganized

17750-565: The war were followed by a period of stability under the Civilista Party , which lasted until the onset of the authoritarian regime of Augusto B. Leguía . The Great Depression caused the downfall of Leguía, renewed political turmoil, and the emergence of the American Popular Revolutionary Alliance (APRA). The rivalry between this organization and a coalition of the elite and the military defined Peruvian politics for

17892-711: The world when it acquired Lac Minerals in 1994, which owned mining properties in North and South America. Two years later, in 1996, Arequipa Resources, owner of properties including the Pierina mine in Peru , accepted a takeover offer from the renamed Barrick Gold Corporation. A third acquisition followed in early 1999, when Barrick Gold acquired Sutton Resources Ltd., assuming ownership of properties in Tanzania . In 2001, Barrick acquired Homestake Mining Company for $ 2.3 billion in stock, then one of

18034-473: The world's largest gold mining company until Newmont acquired Goldcorp in 2019. Barrick expects to produce between 3.9 and 4.3 million ounces of gold and between 180 and 210 million tonnes of copper in 2024. Chief executive Mark Bristow said in 2020 that Barrick has debated moving its primary stock listing to the New York Stock Exchange from the Toronto Stock Exchange , broadening its exposure to potential investors. Barrick Gold Corporation evolved from

18176-675: Was added to the Dow Jones Sustainability Index. The company is a member of The International Leadership Council (ILC) of The Nature Conservancy. In Papua New Guinea, the Porgera Joint Venture participated in the development of a wildlife conservation area in the Kaijende Highlands. Between 2015 and 2017, three separate incidents occurred where processing solution containing cyanide escaped the leach pad area. In September 2015, 1,072m of cyanide processing solution

18318-423: Was charged with the crime of rebellion. The Boluarte government proved unpopular as she allied herself with the right-wing Congress and the military, betraying her constituents. This resentment led to the 2022–2023 Peruvian political protests , which sought the removal of Boluarte and Congress, immediate general elections and the writing of a new constitution. Authorities responded to the protests violently, with

18460-495: Was dogged by insurgent groups, most notably Shining Path, which carried out attacks across the country throughout the 1980s and 1990s. Fujimori cracked down on the insurgents and was successful in largely quelling them by the late 1990s, but the fight was marred by atrocities committed by both the Peruvian security forces and the insurgents: the Barrios Altos massacre and La Cantuta massacre by Government paramilitary groups, and

18602-477: Was estimated that the project site contains up to 42 million ounces of gold and 54 billion pounds of copper in a study done in 2010. The mineral deposit was discovered at the foot of an extinct volcano in the 2000s. Work on the project was stopped in 2011 when a mining license to develop the Reko Diq mine was refused to be granted by Pakistani authorities. Ownership of the mine is to be split evenly between Pakistan and Barrick, which are investing about $ 10 billion in

18744-663: Was forged during this period, as Bolivarian projects for a Latin American Confederation floundered and a union with Bolivia proved ephemeral. Simón Bolívar launched his campaign from the north, liberating the Viceroyalty of New Granada in the Battles of Carabobo in 1821 and Pichincha a year later. In July 1822, Bolívar and San Martín gathered in the Guayaquil Conference . Bolívar was left in charge of fully liberating Peru while San Martín retired from politics after

18886-543: Was heavily indebted, and political in-fighting was again on the rise. By 1859, some 41,000 Peruvians had died in the constant civil wars that shook the country since 1829. Thanks to the money from the sale of guano, Peru began to modernize with different public works such as railways; the civil and military bureaucracy grew; The indigenous people stopped paying tribute and the slaves achieved their freedom; The migration policy of Germans, Austrians, Irish and Italians began. On April 5, 1879, Chile declared war on Peru, unleashing

19028-519: Was later established as Bolivia. During the early years of the Republic, endemic struggles for power between military leaders caused political instability. Once independence was proclaimed, San Martín assumed military-political command of the free departments of Peru, under the title of Protector, according to a decree given on August 3, 1821. 74 The works of the Protectorate contributed to the creation of

19170-449: Was launched in 2016 accusing the company of fraudulently inflating its market value by concealing problems at Pascua Lama , a South American mine under development. Development of the mine was indefinitely halted on October 31, 2013, and people who purchased shares between May 7, 2009, and November 1, 2013, were part of the class-action lawsuit. Development was halted for a number of issues including cost overruns, environmental concerns and

19312-564: Was probably more of a religious than a political phenomenon, with their religious center in Chavín de Huantar . After the decline of the Chavin culture around the beginning of the 1st century CE, a series of localized and specialized cultures rose and fell, both on the coast and in the highlands, during the next thousand years. On the coast, these included the civilizations of the Paracas , Nazca , Wari , and

19454-479: Was recognized for his commitment to the democratic process. On 3 October 1968 another coup d'état led by a group of officers led by General Juan Velasco Alvarado brought the army to power with the aim of applying a doctrine of "social progress and integral development", nationalist and reformist, influenced by the CEPAL theses on dependence and underdevelopment. Six days after the golpe, Velasco proceeded to nationalize

19596-447: Was released from a faulty valve on a pipe going to the heap leach pad and was not diverted to the tailings storage facility because of a malfunctioning gate. In September 2016, a pipe carrying cyanide processing solution was struck by falling ice that had rolled down a slope, and in March 2017, a pipe carrying a mixture of rocks came loose. After the first accident in 2015, local judge Pablo Oritja of Argentina indicted nine employees, and

19738-467: Was seen by Prime Minister James Marape as a way for the country to get a greater share of its major natural resource projects. Two new deals forged in 2021 gave the Papua New Guinea government a majority stake in the operations of the Porgera gold mine and an agreement reached in 2023 renewed the special mining lease so that operations could restart that year. At the Porgera Joint Venture in Papua New Guinea,

19880-434: Was sworn in as the new president of Peru after a narrow win in a tightly contested run-off election. That same year, Peru celebrated the bicentenary of independence . Castillo faced multiple impeachment votes during his presidency from the right-wing controlled Congress and on 7 December 2022, just hours before Congress was set to begin a third impeachment effort , Castillo tried to prevent this by attempting to dissolve

20022-480: Was to be owned by those who cultivated it, and large landowners were expropriated. The only large properties allowed were cooperatives. Between 1969 and 1976, 325,000 families received land from the state with an average size of 73.6 acres (29.8 hectares). The "revolutionary government" also planned massive investments in education, elevated the Quechua language – spoken by nearly half the population but hitherto despised by

20164-580: Was written by Fujimori and his supporters without opposition participation. In spite of human rights progress since the time of insurgency, many problems are still visible and show the continued marginalization of those who suffered through the violence of the Peruvian conflict. A caretaker government presided over by Valentín Paniagua took on the responsibility of conducting new presidential and congressional elections. Afterwards Alejandro Toledo became president in 2001 to 2006. On 28 July 2006, former president Alan García became President of Peru after winning

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