{"id":113364,"date":"2021-05-02T06:12:00","date_gmt":"2021-05-02T06:12:00","guid":{"rendered":"https:\/\/fin2me.com\/?p=113364"},"modified":"2021-05-02T06:12:00","modified_gmt":"2021-05-02T06:12:00","slug":"top-peru-presidential-candidate-vows-to-curb-foreign-firms-looting-mining-wealth","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/top-peru-presidential-candidate-vows-to-curb-foreign-firms-looting-mining-wealth\/","title":{"rendered":"Top Peru presidential candidate vows to curb foreign firms 'looting' mining wealth"},"content":{"rendered":"
Slideshow ( 2 images )<\/span><\/figcaption>

LIMA (Reuters) – Peruvian presidential election front-runner, socialist Pedro Castillo, said on Saturday he would, if elected, review contracts with foreign miners in the copper-rich country and seal a deal for Russia\u2019s Sputnik V vaccine.<\/p>\n

Castillo leads in the polls ahead of a run-off vote on June 6 against right-wing opponent Keiko Fujimori, in a polarized election that could move the Andean nation sharply to the left, a trend that has rattled markets and worried miners.<\/p>\n

The teacher, who normally sports a wide-brimmed hat and has struck a chord with Peru\u2019s less affluent voters, wants to rewrite the country\u2019s Constitution to weaken the business elite and give the state a more dominant role in the economy.<\/p>\n

Castillo said foreign firms had \u201cplundered\u201d the country and that if elected president, he would ensure that 70% of profits would remain in Peru.<\/p>\n

\u201cWe are going to review the contracts. Enough looting of my people,\u201d he said in a debate with Fujimori, 45, in a public square in the mountainous Cajamarca region, referring to gas projects and metals mining.<\/p>\n

Castillo, 51, has pledged to redirect more mineral wealth to the Peruvian people, though moved to ease investor fears last month by saying he would not nationalize industries<\/p>\n

Amid a sharp surge in COVID-19 cases and a slow vaccine roll-out, Castillo also said he had recently met with the Russian ambassador and had a deal for 20 million doses of Russia\u2019s Sputnik V vaccine.<\/p>\n

Fujimori, a free-market proponent and daughter of ex-President Alberto Fujimori who is in jail for human rights abuses and corruption, also pledged to distribute the country\u2019s mineral wealth more evenly to the Peruvian people and to provide vaccines.<\/p>\n

\u201cWe are in contact with all the laboratories in the world to make vaccinating all Peruvians a reality this year,\u201d she said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Slideshow ( 2 images )LIMA (Reuters) – Peruvian presidential election front-runner, socialist Pedro Castillo, said on Saturday he would, if elected, review contracts with foreign […]<\/p>\n","protected":false},"author":3,"featured_media":113363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTop Peru presidential candidate vows to curb foreign firms 'looting' mining wealth - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/top-peru-presidential-candidate-vows-to-curb-foreign-firms-looting-mining-wealth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Peru presidential candidate vows to curb foreign firms 'looting' mining wealth - 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