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Thursday, May 17

Financial Times Young Peruvians look to the capital for brighter prospects: "But while private-sector development projects are broadly seen as a step forward, Antamina concedes they are no substitute for central government aid. To try and boost the government's contribution, it is backing a proposal to alter the law so that 20 per cent of all taxes paid by mining companies would go directly to the local communities affected by mining." The town of Huallanca gets the equivalent of $0.50 a month per inhabitant from the central government to provide services.

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