Top Candidate in Peru Vows to Revoke Some Mining Rights (2)

A conservative presidential hopeful in Peru is vowing a major change in policy representing the key mining industry’s biggest fear: to revoke key exploration permits for idle projects and redistribute them.

The proposal is the bane of global mining corporations that operate in Peru since they increasingly battle for control of mineral-rich territory with informal actors. Companies condemn them as illegal miners, while small-scale diggers accuse them of hoarding land for decades without exploiting it.

“Idle areas will revert to the state if they are not used by the formal mining industry,” said Rafael Lopez Aliaga, a former ...