Peru has been the scene of many conflicts for the access and use of water bodies between mining companies and rural communities for almost 30 years now. In this document, a Bayesian approach has been used to model this type of conflict as a game. The approach was chosen because it allows players with incomplete information about each other, and consequently there is uncertainty about the options to choose and the payoffs they might obtain, and therefore players have to make inferences about others’ decisions and then update those inferences ex-post. Using this analytical tool, it is demonstrated that a pacific and constructive settlement for a mining conflict is feasible, and it happens when the mining company cooperates and shows compliance with regulations and rural communities do not protest violently against the mines. Furthermore, that situation is a stable equilibrium under either good or bad government regulation.