More moderate Humala eyes mining taxes in Peru
By Caroline Stauffer and Patricia Velez
LIMA | Mon May 30, 2011 2:03pm EDT
LIMA (Reuters) - Ultranationalist Ollanta Humala, who rattled investors in Peru's last presidential election, says he would tax the "windfall profits" of mining companies but not take them over if he wins the presidency in April.
In an interview with Reuters, the former army officer, who nearly won the 2006 race but is now trailing a distant fourth in this campaign, said he would "respect (private) property" and follow "prudent" macroeconomic policies.
Humala has tried to reinvent himself as a moderate leftist over the last couple of years to broaden his base of support, but polls show Peruvians will likely elect one of three front-runners with established pro-business credentials.
Though Peru's economy has surged over the last decade, its poverty rate is still a high 35 percent and Humala said companies in the country's vast mining sector must do more to spread the wealth.
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http://www.reuters.com/article/2011/05/30/us-peru-election-humala-idUSTRE74T4E120110530