Humala’s Finance Minister Wants Miners to Stay Competitive
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Peruvian President Ollanta Humala’s government is in talks with mining companies on a new mining windfall tax to ensure the country remains competitive even as it seeks to boost state control over its natural resources.
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.