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Peru Vote Against Mining Impacts Candente Copper Price
Oct. 02, 2012 02:13PM PST
Base Metals Investing Bloomberg reported that Candente Copper share prices were down to their lowest in two years following a vote against mining in a rural Peruvian community.
Bloomberg reported that Candente Copper share prices were down to their lowest in two years following a vote against mining in a rural Peruvian community.
As quoted in the market news:
Candente declined 8.1 percent to 40 Canadian cents at the close in Toronto, the lowest price since Sept. 20, 2010. The Vancouver-based company has fallen 59 percent this year.
A Sept. 30 vote by some members of the Comunidad Campesina San Juan De Kanaris to stop mining isn’t “legally binding,” according to Candente’s Peruvian counsel, the company said in a statement today. The community previously voted on July 8 to grant the company surface access for three years of exploratory drilling.
