Mining News Watch #11
October 24, 2014
- In the October 5th regional elections, none of the candidates for President of Madre de Dios surpassed the 30% threshold needed for victory, thereby forcing a second round between the top two vote-getters, both of whom oppose the government’s current strategy regarding the formalization process and major raids of illegal mine sites.
- The latest key deadline (October 9) in the ongoing formalization process has passed. For this deadline, proposals for legislative modifications were due and miners were required to finish several key steps of the process (including taxpayer registration). For the former, a number of key modifications have been introduced by the national government.
- The first known seizure of undocumented mercury occurred in October, marking a potentially important precedent.