Peru Proposes 'new Approach' to Mining to Combat Economic Disparities, Conflicts

Peru's government proposed on Friday "a new approach" for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months, Reuters reported. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new "attitude" aimed to promote local and foreign investment. He added that the government of leftist President Pedro Castillo respects private initiative and wants to promote mining activity. "Although the responsibility for closing gaps falls on the state, it is necessary to involve and commit mining companies to greater social investment," Torres said. Peru is the world's No. 2 copper producer and mining is vital for the country's economy, representing 60% of all exports. Read more.