Colombian Town Votes Against Gold Mine

A Colombian town has said “no” to a proposal by AngloGold Ashanti (NYSE:AU) to construct a gold mine in the northern Andes. Upside Down World reported that Piedras, a town of nearly 3,000 inhabitants voted 99 percent against the La Colosa open-pit mine project which is in the feasibility stage.

As quoted in the market news:

The 12-line question asked local residents whether they accepted the “exploration, exploitation, treatment, transformation, transportation and washing of materials” from the company’s large-scale gold mine.

Under Colombia’s law on plebiscites, the result of the vote is binding if at least one third of voters participate – in other words, a minimum of 1,700 voters in the case of Piedras.

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