Peru President Humala Signs Law Establishing Mining Windfall Tax

Peruvian President Ollanta Humala signed into effect a law creating a mining windfall tax that will finance increased public spending.

The tax on profits will help create jobs and finance infrastructure investment such as hospitals, Humala said today at the signing ceremony at the Presidential Palace. Peru is the world’s third-largest copper and zinc producer and No. 2 in silver.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.