RE: Dong Business in PeruPerhaps this thought needs to be absorbed... but why worry as SLI is not even recognized as conducting any mining efforts in Peru.
https://www.resourceinvestor.com/pebble.asp?relid=15577
an excerpt from the article says:
Peru
But if that wasn’t enough, Dow Jones released another article today saying that presidential candidate Ollanta Humala could put more than $11 billion of planned investment in Peru’s mining and energy sector at risk if elected.
According to the article, Humala has threatened to review contracts of companies, arguing that they don’t meet tax and royalty obligations and extract minerals and hydrocarbons without benefiting local communities.
Mining companies alone will paid $785 million in taxes this year, according to Carlos del Solar, head of Peru’s National Mining, Petroleum and Energy Society.
“Someone who says they are going to review mining and energy sector contracts makes investors extremely nervous,” he said.
Del Solar underscored that different mining companies have invested around $1 billion in Peru this year and are expected to invest more than $10 billion over the next five years.
Producing miners include: Andean American Mining [TSXv:AAG], Barrick [NYSE:ABX; TSX:ABX], Dynacor Mines [TSXv:DYN], Falconbridge [NYSE:FAL; TSX:FAL-LV], Newmont [NYSE:NEM], Pan American Silver [Nasdaq:PAAS; TSX:PAA], Phelps Dodge [NYSE:PD], Southern Peru Copper [NYSE:PCU] and Teck Cominco [TSX:TEK-SVB, TEK-MVA].
Some of the numerous companies exploring and developing are Absolut Resources [TSXv:ABS], Bear Creek Mining [TSXv:BCM], Cambior [AMEX:CBJ; TSX:CBJ], Candente [TSX:DNT], Cardero [AMEX:CDY; TSXv:CDU], Chariot Resources [TSX:CHD], Fortuna Silver Mines [TSXv:FVI], Inca Pacific Resources [TSXv:IPR], Plexmar Resources [TSXv:PLE], Sienna Gold [TSXv:SGP], Sulliden Exploration [TSX:SUE] and Vena Resources [TSXv:VEM].
Peru’s presidential election is in April, and thankfully for mining companies, Humala is behind in the polls.