GREY:NEVDQ - Post by User
Post by
bogfiton May 03, 2021 3:51pm
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Post# 33116122
Bad for Peruvian mining - good for Nevada Copper.
Bad for Peruvian mining - good for Nevada Copper. "Peruvian presidential election front-runner, socialist Pedro Castillo, said on Saturday he would, if elected, review contracts with foreign miners in the copper-rich country and seal a deal for Russia's Sputnik V vaccine.
Castillo leads in the polls ahead of a run-off vote on June 6 against right-wing opponent Keiko Fujimori, in a polarized election that could move the Andean nation sharply to the left, a trend that has rattled markets and worried miners.
Peruvian presidential election front-runner, socialist Pedro Castillo, who normally sports a wide-brimmed hat and has struck a chord with Peru's less affluent voters, wants to rewrite the country's Constitution to weaken the business elite and give the state a more dominant role in the economy.
Castillo said foreign firms had "plundered" the country and that if elected president, he would ensure that 70% of profits would remain in Peru.
Castillo, 51, has pledged to redirect more mineral wealth to the Peruvian people, though moved to ease investor fears last month by saying he would not nationalize industries."
Top Peru presidential candidate vows to curb foreign firms 'looting' mining wealth | Kitco News
Of course, politicians always do what they promise, right?
b.