Weaker Growth Amid Regional Discord

PERU - Report 10 Oct 2014 by Roberto Abusada
Executive SummaryThe great surprise of the October 5th regional and local elections was the landslide of Cajamarca regional president Gregorio Santos, in jail on corruption charges. The results revived fears that this key mining territory will have protracted problems developing its vast resources. Though Santos is unlikely to serve, another member of his party, and similar ideology, will. In other mining areas, like Cuzco, Puno and Apurimac, there will be runoff elections, as no candidate received the required 30% of votes for a first-round win. Mines in these regions are unlikely to exper...

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