Mine Superpower Status Awaits Peru If New Leader Can Woo Farmers
- Community opposition among factors holding up $22b of projects
- Convincing farmers of benefits key to tapping giant deposits
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Arriving late to the mining boom helped Peru defy a global freeze on project spending as prices plunged. Now the pipeline’s drying up, and the country’s chances of joining neighboring Chile as a copper superpower depend largely on the next president’s affinity with remote communities.
For Pedro Pablo Kuczynski, who secured the majority of votes in Sunday’s presidential election, the task won’t be easy.