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Monday, January 28

iWon / Reuters Antamina: Peru mining's big leap in 2002: "But executives say there is a great deal of mineral wealth lying untouched beneath Peruvian soil and calling for incentives to draw in greater investment, nearly all of that from abroad. According to the National Concessions Institute, mining firms have spent millions of dollars on testing those reserves and mining claims top 25,000. 'Peru is a mining country and it has barely scraped the surface of its wealth. The state has agreed to give incentives for exploration at a difficult for the moment with an exemption of sales tax for exploration,' said Roberto Obradovich, representative of Canadian Manhattan Minerals Corp." Second installment in a series on the Peruvian economy.

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