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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.


TSX:ATCU - Post by User

Post by gmcmachineon Oct 09, 2021 8:33am
265 Views
Post# 33991590

REUTERS: PERU PRO MINING-NO NEW CONSTITUTION

REUTERS: PERU PRO MINING-NO NEW CONSTITUTION

New Peru PM says redrafting constitution is not a priority

 

LIMA, Oct 8 (Reuters) - Peru's new prime minister Mirtha Vasquez said redrafting the country's pro-market constitution is not currently a priority for the government, despite it having been a key campaign promise.

"This government is not proposing (to change the constitution) and won't propose that overnight," Vasquez said during one of her first interviews late on Friday with state-owned TV Peru. "Right now, what matters is facing the pandemic...and especially generating economic stability."

Vasquez, a former head of Congress, is the second person to become prime minister under President Pedro Castillo, who has been in the job just two months.

She is a leftist politician, but considered more moderate than her predecessor, who resigned earlier this week. Vasquez also does not belong to the same party as Castillo, the Marxist-Leninist Free Peru Party.
 

Her remarks will further calm investors who have been spooked by Castilllo's campaign promise to redraft Peru's pro-market constitution.

They also show Castillo's administration moving away from the more far-left ideas espoused by the Free Peru party, which holds changing the constitution as perhaps its most important proposal.

Peru's currency and stock exchange rallied after Vasquez's appointment as prime minister.

The head of the Free Peru party Vladimir Cerron tweeted earlier on Friday that he was unhappy with the new cabinet because in his view it "will be a space from which to defend the status quo"

 

Vasquez is a lawyer and has represented indigenous communities in conflict with big mining companies, including a landmark case against Newmont Mining Corp's (NEM.N) Yanacocha gold mine.

Still, she said Castillo's government would support mining, a key source of tax revenue for the country, which is the world's No. 2 copper producer.

"One of our most important bets is to take advantage of the resources and carry out an activity like mining," she said.

Reporting by Marcelo Rochabrun; Editing by Lincoln Feast.


https://www.reuters.com/world/americas/new-peru-pm-says-redrafting-constitution-is-not-priority-2021-10-09/

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