IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Jun 2011 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On June 25, 2011, the president of Peru signed the Supreme Decree No. 032-2011-EM revoking the mining concession held by the Canadian mining company Bear Creek in the Santa Ana silver project. This mining concession had been granted to Bear Creek in 2007 through the Supreme Decree No. 083-2007-EM. The argument for this revocation was that the Santa Ana project was no longer in the best interest of the public and the state.
Bear Creek reacted and claimed that the revocation was illegal. It expected to start mining operations by 2012 after having already invested CAD 96 million.

AFFECTED COUNTRIES

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