Peru’s economy will expand 6 percent this year even amid social conflicts, Humala said today at a press conference in Lima. Project reviews were previously carried out by the Energy & Mines Ministry.
“This is something new and important because environmental policy is a main concern of this government,” Humala said. “This will provide greater credibility and legitimacy for environmental impact studies.”
Peru’s mining industry, the world’s third-largest copper and zinc producer, will invest $4 billion next year, 33 percent less than previously expected, as social unrest delays projects, according to the country’s National Society of Mining, Petroleum & Energy. Companies including Newmont Mining Corp. (NEM), Southern Copper Corp. (SCCO), Zijin Mining Group Co. Ltd. and Bear Creek Mining Corp. (BCM) postponed projects over the past year following environmental protests.
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