No menu items!

Peru elections: Castillo has copper tax deals in his sights; Chinese mining firms at risk

RIO DE JANEIRO, BRAZIL - (REUTERS) Peru’s presidential front-runner is taking aim at copper mining firms’ coveted tax stability agreements that freeze tariffs, and the plan could have an outsized impact on Chinese miners in the world’s No. 2 producer of the red metal.

Far-left candidate Pedro Castillo, the narrow favorite to win Sunday’s run-off vote, has proposed new royalties on mineral sales and has floated a plan to renegotiate long-standing tax deals struck under previous governments.

A schoolteacher who was a shock winner in the first round vote, Castillo has accused mining firms . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content