Optimism about Peru’s mining sector comes despite increasing Chinese ownership of projects and a vast informal gold mining sector, which dumps toxic mercury into the environment and speeds deforestation....
Officials and executives visiting New York failed to mention the $3
billion illegal gold mining industry, described by some as more
profitable than local drug trafficking, but acknowledged that a swath of
Peru’s economy remains informal.
Participants at the inPeru investment forum estimated
that almost two-thirds of the national economy is “informal." That
refers broadly to business conducted in cash, where people lack bank
accounts and don’t pay taxes.
http://www.ibtimes.com/perus-mining-sector-bright-spot-amid-emerging-market-turmoil-1560111
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