Peru Candidate Seeks Bigger Cut From Mining, Not State Control
- Castillo looking to renegotiate contracts, party official says
- Candidate will announce some ‘adjustments’ to his platform
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The first-round winner of Peru’s presidential election wants to renegotiate mining contracts rather than seize assets, said a party official, in comments that may ease concerns in the world’s second-biggest copper industry.
While Free Peru’s official platform mentions taking control of natural resources, its candidate Pedro Castillo isn’t looking to nationalize mining, and welcomes private investment, the party’s legal representative Ana Maria Cordova said by telephone. Castillo, who will announce some “adjustments” to his platform, wants a bigger share of company profits to benefit Peruvians.