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Peru says mines allowed to ask permission to extend operations

From miningweekly.com

Peru said on Wednesday that mines in the country were allowed to ask permission to extend operations amid a conflict that has shaken the sector over environmental concerns. "Mining companies can request extensions and modifications to their permits to explore and exploit in strict adherence to current regulations," the government said in a tweet. Shares of Hochschild Mining rose 6.469% on Wednesday, but remained lower than they were before the conflict began earlier this month. The shares fell around 8% on Tuesday, after collapsing 27% a day earlier after the government indicated that it would not approve ... (full story)

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  • Category: Fundamental Analysis