RE:Yesterday: First Public Speech from Walter Aduviri in PunoDigingdeep, I suggest you do some education and try to understand how mining has benefited Peru (cfr. article below). The way exploration works in all countries worldwide, be it Canada, Australia, the U.S., Chili, Brazil, etc. is that you put in a lot of hard work and a lot of money and try to find / prove up a resource. Then, there are mutual benefits to society (cfr. again following article) and the resource company itself. I'd like you to explain how Puno can get more investments and mining if the governor would just scare all foreign investment away (this is presuming he has any power, because the executive power is on the federal level) and there would be no mining (meaning, no taxes flowing back from the federal level to Puno). It's clear that you are trapped in some communist tunnel-vision, I've seen your kind before, hey some of your breed fight everywhere in the world against mining but never wonder if their mobile they're calling with or the car they're driving is not made entirely of air and maybe of some natural resources?? Whatever, we'll see if Peru keeps up its good name and perception in the world in regards to foreign investment. Please read the article below and try try try to understand a little bit of it: Over the last decade, Peru has become one of the most successful economic performers in the developing world, registering average growth rates above 6 percent a year. The resurgence of mining, at a time of high metal prices, has been one of the key drivers behind the countrys stellar growth record. Perus experience shows thatcontrary to the conventional resource curse assertions that rich natural resource endowments bring about economic stagnation, corruption and authoritarianismit is possible to transform mineral wealth into sustained development with broad and significant welfare improvements for large segments of the population. Far from being a curse, mining has been a blessing for Peru. Peru has experienced high economic growth while reducing poverty in half (currently less than 26 percent of the total population) and improving income distribution. According to the Inter-American Development Bank, more than half the population now belongs to the middle class. This contrasts sharply with previous episodes of short-lived economic expansion. The significance of Perus transformation becomes all the more dramatic when one considers that not too long ago, in the late 1980s, the country was mired in hyperinflation and threatened by a bloody internal conflict waged by two extremist terrorist organizations. I still remember, while pursuing my doctoral studies at the University of Chicago, reading academic accounts that described Peru as a quasi-failed state. Close to a million young Peruvians left the country in search of a better future abroad, discouraged by the deteriorating living conditions and rampant unemployment. The turnaround experienced by the country since then has been extraordinary. The implementation of successful economic stabilization and structural adjustment policies in the early 1990s created the conditions for rapid growth. However, it was mining that facilitated this resurgence, attracting the first large investment projects that generated the income needed to fuel continued economic expansion. This consolidation of mining as an engine of growth has to be viewed against the backdrop of the countrys long tradition of metallurgy, dating back to pre-Columbian times. In 2011, Peru was the worlds second largest producer of copper, silver and zinc, and the sixth largest producer of gold. Not surprisingly, most large mining multinational corporations have a presence in the country. I worked for one of them, the Antamina Mining Company, a consortium formed by Teck, BHP Billiton, Xtrata and Mitsubishi. When it was first developed, Antamina became the largest green-field mining project in the world. The importance of mining to Peru cannot be overstated. It accounts for close to 14 percent of the countrys GDP, and around 60 percent of exports. Its relative economic weight has expanded over the last decade, leading some critics to argue that the current mining boom has deepened the countrys dependence on primary resources and crowded out other productive activities. The evidence shows, however, that domestic industrial production has broadened and gained in complexity. Equally important, measured in volume terms, non-traditional exports tripled their size over the last decade, outpacing the volume growth of mineral production. Nevertheless, because the price of minerals reached historical heights due to skyrocketing Chinese demand, the relative participation of mining in the countrys total export bill has grown significantly. Mining has become a magnet for foreign direct investment (FDI) as well. In 2012, the inflow of FDI reached a total of US$12.2 billion, with mining representing the main share (US$8.5 billion). The pipeline of planned investments, including the expansion of existing operations, and the development of new mines, many of which have secured the approval of Environmental Impact Assessments (EIAs) and other authorizations, could top US$53 billion by 2020. The implementation of these initiatives would more than double the current production of copper and multiply by six the output of iron ore. These projects could increase exports by $30 billion and generate over two million additional jobs. Due to the enhanced interconnections between mining and other local industries, each additional $1 billion in mineral exports could lead to an increment of close to $1.5 billion in GDP. Mining also claims an important place when it comes to fiscal resources (15 percent of total government income collected in 2012). The central administration transfers half of the taxes collected from the industry to the regions and municipalities where the minerals are extracted. The mining canon, as this mechanism is known, is an important way to make Peru less centered in Lima. This decentralization effort is a process that seeks to give power and administrative functions to elected authorities at the local and provincial levels. The income sharing system was put in place so that localities and communities around mining centers would benefit more from the resources generated by the industry. The expectation was that these governments would invest the income in basic infrastructure and thus improve living conditions in the highland areas where mineral extraction takes place.