Gold, silver, copper, lead, zinc, tin, mercury, molybdenum and selenium. Peru was one of the world’s top 10 producers (and one of Latin America’s top two producers) of each of these minerals in 2011 thanks to a rich, polymetallic geology that has provided a steady supply of precious metals for thousands of years. The importance of the mining sector...
What has been the overall reaction of the private sector to the windfall tax proposals?
The discovery of Camisea in 1986 dramatically altered Peru’s energy matrix, even if it took many years to do so. The emergence of significant natural gas reserves has lessened reliance on hydroelectricity to supply the national grid, which needed the added capacity after a decade of strong macroeconomic growth led to significantly increased demand....
After the second term of former President Alan García saw an estimated 250 social conflicts nationwide, incumbent President Ollanta Humala campaigned on promises of social inclusion programmes funded by an increase in royalties from mining activities, as well as stricter oversight of the sector. Thus far his government has taken significant strides...
Water problems made the headlines in Peru in early 2012 when local protests halted progress on a major mining project in the northern city of Cajamarca. More than 2000 locals gathered to voice their concern that the new mine, owned primarily by the US-based Newmont Mining, would pollute the water supply and negatively affect a local aquifer. While...
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