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Article

15 Dec 2008

Author:
Cerrejón Coal

Cerrejón and the Tabaco Relocation Committee reached a final agreement [Colombia]

We are pleased to announce that on 12th December, 2008, Cerrejón [joint venture Anglo American, BHP Billiton and Xstrata] and the Tabaco Relocation Committee (TRC) reached a final agreement, which brings outstanding resettlement issues to a close. In 2001-2002...some families were expropriated...Cerrejón, following its aspiration to do the maximum possible, has committed to: Paying old indemnity money held in an escrow account. Paying new compensations. Buying a plot of land to be given to the municipality of Hatonuevo...contributions to indemnities will total $1.8 million US dollars and another $1.3 million US dollars will be disbursed for sustainability projects...It may be that only few Tabaco residents choose to live in a reconstructed township, yet we hope the new land remains their symbolic home.