Latest Chinese mine in Peru offers new living standards for residents

Global Business

Latest Chinese mine in Peru offers new living standards for residents1

Peru’s minerals have long been the backbone of the country’s economy and trade relations with China, but Chinese investments have sometimes seen mixed reactions from local residents.

Some say the latest mine opening, the Toromocho copper mine in Morococha could set a precedent for social responsibility. The Chinese company behind it, the Chinalco Mining Corporation International, has moved 5,000 people from old Morochocha to a newly-built town that has everything that the old town didn’t.

CCTV America’s Dan Collyns reports.

Latest Chinese mine in Peru offers new living standards for residents

Latest Chinese mine in Peru offers new living standards for residents

Peru’s minerals have long been the backbone of the country’s economy and trade relations with China, but Chinese investments have sometimes seen mixed reactions from local residents. Some say the latest mine opening, the Toromocho copper mine in Morococha could set a precedent for social responsibility. The Chinese company behind it, the Chinalco Mining Corporation International, has moved 5,000 people from old Morochocha to a newly-built town that has everything that the old town didn’t. CCTV America’s Dan Collyns reports.