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This thesis documents as well as questions how the presence of large mining operations in Andean regions of Peru alters social and natural landscapes. Taking conflicts over water as a useful entry-point for the analysis, it explores and unravels the dilemmas and challenges faced by the main conflicting actors: rural communities and mining companies. Through an in-depth analysis of how the actors navigate these challenges, focusing on those related to water, the thesis sets out to understand what happens with water in contexts of mineral extraction. It traces changes in how water is accessed, controlled and governed, and by whom. By making the complex character of water politics in mining contexts explicit, the thesis sheds light on how mining reconfigures water governance arrangements, while also contributing to wider debates about water governance in contexts characterized by huge power differences.