An unprecedent mining boom is on the cards in
Peru as foreign investors
make a beeline to grab the
opportunities. Foreign investment had come to a standstill since 1970 because of the
governments nationalisation
programmes and terrorist
activities by the dreaded
Shining Path guerillas.
Foreign investors have taken
heart at the recent reforms
introduced by President
Fujimori that have in one
full sweep led to privatisation moves to raise us
$2.3 billion, as well as curbed
terrorism.
Government officials
estimate that the value of
annual metal production in
Peru would more than double, from us $2 billion to
us $5 billion, over the next
10 years.
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