Loading ...The first-round winner of Peru’s Presidential election wants to renegotiate contracts with mining companies rather than seize assets, a party official said.
While Free Peru’s official political platform mentions taking control of natural resources, its candidate Pedro Castillo isn’t looking to nationalise the mining industry, and welcomes private investment, the party’s legal representative Ana Maria Cordova said by telephone.
Castillo, who will announce some “adjustments” to his platform, wants a bigger share of company profits to benefit Peruvians, Cordova said. To be sure, Castillo, a little-known rural schoolteacher before the election, wants to ensure certain resources better serve the local population, she said, citing some of the the highest gas prices in South America despite Peru being a major producer.
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