The government has scrapped plans to introduce a 10% export tax on gold as part of the tax reform bill submitted by President Gustavo Petro in early August.
Due to the urgent nature of the threat, a rapid risk assessment will begin led by global environmental firm Tetra Tech Coffey, which prepared the report.
Miners operating in Europe say prospects for getting projects underway look uncertain because of a lengthy permitting framework and fervent local opposition.
Peru’s National Police seized and destroyed half a million dollars worth of equipment and supplies used in illegal mining operations in the Madre de Dios region.