Fastmarkets has published an article about Peru as a place to invest in mining in Latin America. Alejandro Alvarez, co-director of the Mining Practice at AMI, was interviewed by Fastmarkets. Alvarez talked about Peruvian government challenges—Castillo administration—as well as the community opposition in that face the country.
Here is a brief excerpt:
Inequality in Peru has helped to fuel the disruption of mining operations and there are concerns that Castillo could use mining to redistribute wealth by increasing taxes on the industry.
“Castillo did win the election on a platform of redistributing wealth from [the] mining [industry] to the poor,” said Álvarez. “And his party actually wanted a stronger stance on this — maybe even the nationalization of assets. But Castillo understands the importance of mining to Peru’s economy and wants to promote investment.”
Read the full article: Peru still ‘a good place’ to invest in copper mining, despite concerns over disruption.