According to Peru's Vice Minister of Mines, Cesar Polo, reported in MinerAndina last December, the country has some 740 environmental liabilities from past mining operations - tailings dumps, slag piles, waste and abandoned mines - that will require an investment of around 200 million dollars to put right. He proposed that areas of environmental damage from mining, such as abandoned mines, be converted into "ecological concessions" whose impacts could be remedied through government-to-government debt swaps or other mechanisms. He also proposed the creation of an environmental remediation fund.
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