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Prime Minister says private investment in Peru is fully guaranteed

Photo: Presidency of the Council of Ministers (PCM)

09:41 | Lima, Oct. 10.

Prime Minister Anibal Torres affirmed that private investment in Peru is fully guaranteed, referring to the Quellaveco copper mine.

The Cabinet chief explained that the Government has not talked about canceling the licenses of the aforementioned mining project located in Moquegua region.

"Private investment in Peru is fully guaranteed, as long as companies meet contractual obligations, do not affect the environment, respect workers' rights, and pay their taxes," Mr. Torres said in a Twitter post on Sunday.

In late September, the head of the Ministerial Cabinet affirmed that the launch of the Quellaveco mining project in Moquegua, after 30 years of waiting, is an undeniable sign that the Government of President Pedro Castillo builds trust among private investors.

"Quellaveco is already in operation, and that will lead to an improvement in the country's gross domestic product. Of course, these news are not spread, but we are doing it, and this will benefit everyone," he stated from Pucallpa in Ucayali region at that time.

El gobierno no ha hablado de cancelar licencias a Quellaveco. En el Perú la inversión privada está plenamente garantizada, con tal que cumpla con sus obligaciones contractuales, no afecte el medio ambiente, respete los derechos de los trabajadores y pague sus impuestos.
— Aníbal Torres V. (@anibaltorresv) October 9, 2022

(END) MRCA/JCR/RMB

Published: 10/9/2022

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Prime Minister says private investment in Peru is fully guaranteed

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