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Stock impact report

Peru's Castillo swears in new prime minister in bid to calm political instability [Reuters]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Reuters
Wednesday, replacing her predecessor who resigned after two months in the job, as the administration grapples with political instability. The move keeps Castillo, a member of a Marxist-Leninist party, on the left of the political spectrum. But it moderates his cabinet overall. Castillo kept center-left Economy Minister Pedro Francke in the role, and named a new energy & mines minister, Eduardo Gonzalez Toro. Mining is a key industry for Peru, which is the world's second-biggest copper producer after neighboring Chile. Castillo has said he wants to increase tax revenue from the sector to fund social programs. Former Prime Minister Guido Bellido was little-known before taking the role, but his brash style rattled the opposition-led Congress as investors fretted about the leftist administration. Vasquez, the new prime minister, served as head of Congress between 2020 and 2021. She is a lawyer and defended Maxima Acuna, a peasant farmer, in a prominent case against Newmont Mining Show less Read more
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