Peru Election 2021, page-42

Kalenn,

I think all this focus on the election in Peru is too much, for us it’s about the relationship with government agencies, land owners and contacts in industry. If we sunk billions into a mine then it’s a concern on the overall impact of economics. If we find something special in Peru then we would probably be approached by a big player like bhp where they have an operating mine in the area. It’s far more practical to share infrastructure where possible to maximise overall returns by minimising capital expenditure.

Governments should support and encourage industry to make investment. Even leftist politicians shouldn’t argue with this as private industry is essential to providing jobs and taxation revenues. Particularly if they want to increase government expenditure on social programs. Examples like Venezuela would want to be avoided as they went to far down that path, particularly where they even killed their oil industry.