Peru Election 2006

The archived version

Interview with Ollanta Humala by Financial Times

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Peru nationalist targets global mining groups
By Hal Weitzman in Tacna, southern Peru
Financial, March 30 2006 03:00

“Ollanta Humala, the frontrunner in Peru’s presidential elections, has vowed to alter contracts with foreign investors that are currently ex-empt from paying royalties, a move that would affect global miners such as Newmont, BHP Billiton, Phelps Dodge, Falconbridge and Barrick. In an interview with the Financial Times, Mr Humala also pledged to introduce “21st-century nationalisation” and said he would refuse to sign the trade deal Peru has agreed with Washington. In addition, he promised to restrict imports from China, limit Chilean investment in Peru and end US-sponsored eradication of coca, the raw material for cocaine.”

Written by Michael Ha

March 29th, 2006 at 7:04 pm

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