27th July 2015/ Saul Elbein

De Soto argued that Peru’s terrible land rights record has created an opening for the radical left: “Call me a useful idiot,” he told El Comercio, but the government has to give ground if it wants mining investment to continue. “It’s a problem of property, of who the land belongs to.”

Big projects like Conga and Tia Maria, he said, “are long term projects and can’t change day by day. What’s Peru going to do if 22 important mining projects are paralyzed and the government can’t do anything? What would you do as an investor? Would you invest in this country? It’s a problem they need to resolve.”

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