Archive for the ‘Potential effects’ Category

postheadericon Minera Antamina mine will fund results for the fiscal year

The vice president of corporate affairs of the company, Pablo de la Flor, said at March 26 last, the Antamina Mining Fund (AMF) of $ 133.4 million executed under the solidarity mining program.

“This amount represents 81.4 percent of the total fund and was destined to social projects aimed at improving the quality of life for residents of Ancash, especially those with fewer resources,” he said.

He explained that to date the largest amount invested up to $ 54 million (40 percent of the total) was allocated to the implementation of social infrastructure such as water, sanitation, electricity, telephone, rural roads, irrigation, and projects institutional strengthening.

“Similarly, 32.1 million was invested in various programs to improve health conditions, especially in children under three years and pregnant women, and 40 million investment in education initiatives and productive development,” he said.

De la Flor said that by 2010, the FMA will continue to promote health projects, and develop an adult literacy campaign.

“In the area of ??productive development will consolidate the initiatives currently working and will continue with the Project Reduction and Poverty Alleviation (PRA), aiming to generate additional sales of $ 3.1 million and 1.174 new permanent jobs “he said.

He recalled that the FMA is invested resources in the region Ancash, Huanuco Llata ??district, located in the province of HuamalĂ­es.

The FMA manages two funds, a local character (including the poorest districts and close to the operations of Antamina) and a regional that includes the other provinces and districts.