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Humala Finance Minister Seeks ’Competive’ Mining Industry While Taxes Rise
Aug. 01, 2011 12:15PM PST
Base Metals Investing Bloomberg reports that Peruvian President Ollanta Humala’s government is discussing a new mining windfall tax with mining companies.
Bloomberg reports that Peruvian President Ollanta Humala’s government is discussing a new mining windfall tax with mining companies.
The market news is quoted as saying:
Mining companies are waiting for the outcome of the negotiations before moving ahead with about $40 billion in planned investment, Finance Minister Miguel Castilla said today. Peru is the world’s third-largest copper and zinc producer.