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Peru’s Congress approves raised mining taxes and royalties

Mineweb | September 23, 2011 | 8:09 am Base Metals Precious Metals Europe Latin America Copper Gold Silver

Peru, a top global producer of precious and base metals, expects $42 billion in mining investments over the next decade and Congress has approved new legislation that will see miners pay royalties of between 1% and 12% of their operating profits. Author: