Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
In this wildcat gold mining town in the Peruvian Amazon, the boom is over.
A government crackdown on illegal mines at the end of a decade-long gold rush has shuttered restaurants, quieted the town’s muddied streets and slowed the flow of migrants from poor Andean towns seeking the jungle’s riches.
But the residents of Huepetuhe, whose town square is dominated by a golden statue of a muscular miner, see a shimmer of hope in presidential election front-runner Keiko Fujimori’s promise to decriminalize the makeshift mines at the heart of the region’s economy.
