Leading Presidential Candidate in Peru Wants More Taxes on Mining

April 27, 2021 14:17:07

Pedro Castillo, the leading candidate in the presidential election of Peru, is planning on renegotiating mining contracts in the country’s mining industry. Instead of expropriating assets, Castillo wants a larger share of profits from mining companies in the country to benefit the state’s citizens.

Ana Maria Cordova, the party’s legal representative, stated that the official platform of Free Peru highlights taking control of natural resources. However, she adds, Castillo isn’t considering nationalizing mining in the country, which is the second-largest…

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