CAO Cases

Arne Hoel, The World Bank

Latin America & the Caribbean

Peru / Yanacocha-09/Cajamarca

Complainant
A group of current and former employees
Date Filed
January 27, 2017
Concerns
Occupational health and safety and information disclosure
Case Status
Open - Ombudsman
 

Synopsis

Project Overview

Minera Yanacocha S.R.L. is a large open-pit gold mine located in the Andes mountains, in the Department of Cajamarca, Peru. The company is engaged in the exploration and production of gold. Over a period from 1993 to 1999, IFC committed three loans to finance the capital expenditure programs for three of the Company’s mines, Carachugo, Maqui Maqui and La Quinua. In parallel, IFC made an equity investment for a 5% ownership stake in the Company, which it continues to hold. 

 

Complaint 

The complaint was filed in January 2017 by a former employee of Yanacocha, on behalf of himself and a number of other current and former employees. The complainants raise concerns related to occupational health and safety conditions at the mine during their employment. They contend exposure to toxic gases has led to negative impacts on their health. The complaint also raises issues related to information disclosure and the company’s response to these issues. 

 

CAO Action

CAO found the complaint eligible for further assessment in March 2017 and has begun an assessment of the complaint. 

 

Status

The assessment of the case is underway.

 

Note: A CAO assessment does not entail a judgment on the merits of complaints. Rather, the aim is to listen to people's concerns, understand the different perspectives, and determine what options are available to address the complaint through CAO's Dispute Resolution and Compliance functions.

 

Status as of April 28, 2017


Project information

Institution
IFC
Project Name & Number
Yanacocha 2983
Department
Oil, Gas, Mining, & Chemicals
Company
Minera Yanacocha S.A.
Sector
Mining
Region
Latin America & the Caribbean
Country
Peru
Environmental Category
A
Commitment
5% equity stake

Case Tracker

Ombudsman

  • Eligible: Completed
  • Assessment Period: In Process

Compliance