Peruvian congress considers new law promising 15 year stable tax jurisdiction for new mining projects in Peru. No tax increases for many years to come. Search Google news for "peru mining tax". The official goal is to promote mining investment in the country.
This new law is proposed by President and has broad bi-partisan support, it will be adopted soon. It is a good confirmation of favorable mining regime. Peru has become one of the best mining jurisdictions in Latin America, surpassing Chile and Mexico.
SCCO expansion in Peru is on relatively good geopolitical track. Current government is surprisingly pro-business. There were grave concerns about Ollanta when he came to power and he proved them wrong. Serious political opposition is even more pro-business. It promises many years of stable mining development in the country.
New law proposes, besides other mining incentives, to limit EIS (environmental impact statement) approval time to 30 days. It takes now about a year to get such approval in Canada, and it can take longer than human life in U.S.