Mining project affects the level of income advancements
Company’s investments in Peru could increase in coming years, although that will depend on the level of progress of projects being managed. However, Gold Fields and other large mining companies now operating in Peru to continue developing new investments, it is necessary to maintain the rules on legal and tax, he said.
“If the rules are not clear we will lose the competition to attract capital from multinational companies such as Gold Fields, have potential projects and very interesting”, he said. He explained that mining companies worldwide have now has capital and limited financial resources due to the international crisis, and therefore seek to allocate their investments to countries that are attractive to foreign capital.
“We are very confident that the current tax and legal framework will be maintained over time as has happened, so clearly the mining will continue to develop and may continue to contribute as it does today,” he declared. Kruger said the current political landscape in Peru shows that all candidates for President of the Republic, which must be held in 2011, are well designed to promote national development and ensure that all Peruvians have a better life .
“That means that the Peruvians who are in extreme poverty can leave it, but we can not visualize any other way to achieve that goal without promoting investment and without a healthy economy and an economic policy aimed at attracting all capitals,” he said . It also found that the new regional and local authorities to be elected in October this year should be able to use more and better resources from the canon and the royalties generated by mining in Peru.
On the other hand, said that completion of the Third International Seminar on Equipment, Supplies, Services and Mining Machinery – Exposition 2010, is a sign of support being provided by the business development of mining in Peru.
“The Expomina 2010 will feature over 500 suppliers of machinery, equipment and services for the mining sector from 15 countries,” said Kruger, who chairs the Organizing Committee of the Expomina 2010. Finally, he mentioned that during the days that the Expomina 2010, which opened today and runs until 10 September, is expected to do business for approximately $ 120 million.
[...] head of the General Directorate of Mining Environmental Affairs (DGAAM) MEM, Felipe Ramirez, said the industry is working rapidly to future [...]