Thursday, 29 September 2011 11:53
Posted by Syed Murtaza Gheblehzadeh
LIMA: Peru's new leftwing President Ollanta Humala has passed three new mining laws containing a tax hike aimed at raising $5.5 billion over the next five years to be used for social spending.
The laws passed Wednesday fulfil a campaign pledge made by Humala before he assumed office two months ago to ensure that the country's poor share in its recent economic success.
"This will allow the state to have more resources to be used primarily for ...