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WOMEN FROM THE PIERINA COMMUNITY SELL LOCALLY PRODUCEDMARMALADES AND CAKES AT A FAIR TO BOOST FAMILY INCOMES.TRAINING SESSIONS FOR FARMERS IN PERU ARE GUIDED BY “YACHACHIQS”,A QUECHUA WORD THAT MEANS “THE ONE WHO KNOWS AND TRANSMITSKNOWLEDGE.” THE YACHACHIQS ARE FARMERS THEMSELVES, TEACHING FAMILIESHOW TO APPLY IMPROVED AGRICULTURAL METHODS.Munoz said. She says the entire community has benefitted fromthe presence <strong>of</strong> the mine, and points to infrastructure as oneexample. “Thanks to the company, today there are roads in thistown.”Other local residents who run businesses, from sign paintingshops to audio-visual production houses, say they have alsobeen helped by having a thriving mining operation in theregion. “Our company was created and started up because <strong>of</strong><strong>Barrick</strong>,” says Pedro Ponte, a 33-year old entrepreneur. He liveswith his wife and two children in the city <strong>of</strong> San Juan. “Weprovide transportation to the workers going up to the mine,” hesaid. “We now have approximately 220 employees.”THE PIERINA MINE IN PERU TRANSFORMS COMMUNITIESArgentina isn’t the only South American country getting aneconomic boost from <strong>Barrick</strong>’s mines. A second ConsultoraMalthus report also assessed the economic impact <strong>of</strong> <strong>Barrick</strong>’sPierina mine, which is located on the Peruvian side <strong>of</strong> the Andes.The study concluded that by almost any yardstick – beit literacy rates, levels <strong>of</strong> poverty, households with potabledrinking water, or even colour TV – life has markedly improvedfor residents <strong>of</strong> the surrounding districts <strong>of</strong> Independencia andJangas since the Pierina mine opened.Pierina is situated about 10 kilometres northwest <strong>of</strong> the city<strong>of</strong> Huaraz in the Ancash region <strong>of</strong> north-central Peru. Theopen-pit mine began producing in 1998, with output peakingat approximately 900,000 ounces <strong>of</strong> gold per year from 2001to 2003.According to the Consultora Malthus report <strong>Barrick</strong> investedapproximately $850 million between 1996 and 2009 to build andoperate Pierina, which directly employs 500 people and another1,900 indirectly through the purchase <strong>of</strong> locally produced goodsand services. These are significant numbers in an area where largeportions <strong>of</strong> the population get by through subsistence farming.The district <strong>of</strong> Jangas is located closest to Pierina and isVeladero Mine – Argentina·Accounts for 23% <strong>of</strong> San Juan’s gross domestic product38% increase in regional employment·Numbers that speakPOSITIVE ECONOMIC IMPACTOF BARRICK’S VELADERO AND PIERINA MINESPierina Mine – PeruPoverty rate in Jangas reduced from 80% to 31% (1993-2007)Local literacy rates increased from 55% to 76%Consultora Malthus Independent Studies28

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