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Peruvian miners reject proposal to raise taxes because they say they risk US$50 billion in investments

RIO DE JANEIRO, BRAZIL - The union that brings together the largest mining companies in Peru today rejected the Government's proposal to raise the tax burden on the sector by at least three percentage points and said that they risk more than US$50 billion in the future investments in the world's second-largest copper producer.

The Minister of Economy, Pedro Francke, said on Sunday that according to a report by the International Monetary Fund, which advises Peru on tax matters, the mining tax level is 41.7% on average, lower than other countries such as Chile and Canada . . .

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