The Positive Side of Mining: Peruvian Gold

Harris, Leonard
Organization: Society for Mining, Metallurgy & Exploration
Pages: 5
Publication Date: Jan 1, 1998
The 1980s marked a boom in gold mining and exploration in the United States particularly in the state of Nevada which lifted this country to second place in the world, after South Africa, in gold production. With this boom came many positive aspects such as increased employment, increased investment, increased payment of federal and local taxes, higher purchases of goods and services and higher expenditures on social and economic uplift programs. With the arrival of Minera Yanacocha in Peru in 1992, the gold mining boom shifted to this country which has lifted Peru to first place in Latin America in 1996 and ninth place in the world in gold production. As in the case of the United States in the 1980s, similar positive impacts are being felt throughout Peru in the 1990s.
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