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“ The things I ’ m proudest of include water and employment ,” he says . “ Out of the 11,000 people we have hired ( so far ), 44 % are locals . That is a great achievement on a project of this scale . Once the mine is up and running , our canon and royalty payments will reach $ 150-200mn annually , which should help improve roads , schools , water treatment and health infrastructure .”
In 2014 , the Development Fund of Moquegua was established with the authorities from regional and local governments and the Chambers
of Commerce of Moquegua and Ilo . The fund is designed to allocate investments for the development of important initiatives for the region . For example , a $ 30mn agricultural infrastructure project that will benefit more than 10,000 farmers and a $ 10mn investment to improve education , specifically offering higher technological education .
“ Furthermore , we have established the Quellaveco Fund , a $ 3mn fund financing 45 projects that benefit more than 25,000 people ,” adds McCulley .
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