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Mining companies in Peru to pay an extra $1billion/yr

Andrew Topf | August 26, 2011 | 5:41 am Base Metals Precious Metals Europe Latin America Copper Gold Silver 

Ollanta Humala, President-elect of Peru, fulfilled a campaign promise Thursday in announcing his government's intention to hit mining companies with higher royalty taxes. Humala, who was elected in July, campaigned on a promise to tax mining company profits and distribute them...

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