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Strategies & Market Trends : Ride the Tiger with CD
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To: 4C who wrote (53773)6/5/2006 8:46:14 AM
From: Condor   of 312290
 
Humala Conceded

That is encouraging for Peru prospects.

C

There is definitely a chance that a Garcia led government would look to impose some sort of profit squeeze on mining companies while metal prices are elevated.

The second candidate is Ollanta Humala, and although he terms himself a nationalist, he is actually more of a hard-line socialist, at least where economic issues are concerned. Ollanta is a military man with little political track record aside from leading a smallish uprising against the government of Alberto Fujimori, who fled Peru a wanted man in 2000 and has not been allowed back since.

Ambrian’s report identifies a Humala led government as posing a significant risk to the rights of overseas investors, and as more likely to go after the profits of miners and oil & gas firms.

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