ADVFN - Advanced Financial Network.
HOME» NYSE » C » RIO Stock Price » RIO Stock News

Companhia Vale Share News

 Companhia Vale Do Rio Doce Stock Price
RIO Stock Price
 Companhia Vale Do Rio Doce Stock Chart
RIO Stock Chart
 Companhia Vale Do Rio Doce Stock News
RIO Stock News
 Companhia Vale Do Rio Doce Company Information
RIO Company Information
 Companhia Vale Do Rio Doce Stock Trades
RIO Stock Trades

Peru Antimining Groups Aim to Weaken President Humala

--Peru antimining groups led by ideological groups, say analysts --Groups aim to destabilize government and weaken President Humala --Groups want to change economic model By Robert Kozak LIMA--Antimining protesters in Peru are aiming to tarnish President Ollanta Humala's image and force the government to shift from its market-friendly economic policies. Political analysts say that a number of left-leaning local politicians and antimining activists who supported Mr. Humala during his campaign last year are unhappy that he has implemented orthodox economic policies. Many protesters are using protection of the environment as a pretext for launching politically-motivated attacks on mainly foreign mining companies and the Humala administration, analysts said. "There is a concerted movement of local leaders who backed Humala before the elections that now feel betrayed," said Miguel Santillana, an economist and mining-sector analyst with the Peru Institute, which is tied to the University of San Martin de Porres. "The environment is an excuse. The main reason is that they are against the Peruvian economic model," he added. Analysts say the radical protesters are aiming to weaken Mr. Humala's authority and undermine his policies; hurt mining investments in order to change the economic model, and to force Mr. Humala to adopt policies followed by a number of socialist governments in South America. An estimated 17 people have died in protests since Mr. Humala took office in July 2011 for a five-year term. In a recent interview in influential newspaper El Comercio, one of Peru's most famous artists, Fernando de Szyszlo, said that various social conflicts are part of a plot to destabilize the Humala government. Peru has had a long tradition of heavy state involvement in the economy, including the 1968 to 1980 socialist military dictatorship. During President Alan Garcia's 1985 to 1990 term in office, Peru suffered from hyperinflation and a collapse in the economy due to poor policy decisions that relied heavily on central government planning. Since the early 1990s, Peru has implemented market-friendly policies that have drawn large amounts of foreign direct investment, helping fuel a boom in economic activity and consumer spending. The most heated conflict in Peru right now is over the future of the Minas Conga copper and gold project in northern Peru, with protests being led by some local politicians and activists who hope to increase their profile and make electoral gains. Pollster Ipsos-Apoyo found in a national poll released Sunday that 56% believe that various social conflicts in Peru are due to the political ambitions of leaders who are manipulating the population. Ipsos-Apoyo polling director Alfredo Torres commented that the conflict over the Minas Conga project has led to a deterioration of Mr. Humala's image. The president's approval rating fell to 40% in July from 45% in the previous month. Mr. Santillana said that the antimining activists want the government to permanently cancel the Minas Conga project, and other large-scale mining projects on the drawing board in the Cajamarca region, such as Rio Tinto PLC's (RIO, RIO.LN) La Granja's copper deposit, and Anglo American PLC's (AAUKY, AAL.LN) Michiquillay copper project. -Write to Robert Kozak at robert.kozak@dowjones.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
05/17/201312:41:22LONDON MARKETS: Banks Lift U.K. Stocks To 51/2-year High
05/17/201302:32:32ASIA MARKETS: Asia Stocks Trade Mostly Higher As Japan Swings...
05/16/201322:59:07ASIA MARKETS: Japan Stocks Slip, But Australia, China Rise
05/16/201321:32:21ASIA MARKETS: Japan Stocks Slip, But Australia Rises
05/16/201319:01:14National Marine Fisheries Service to Review Petition Over Seals...
05/16/201312:26:38LONDON MARKETS: FTSE 100 Ends 10-day Winning Streak
05/15/201309:01:44Rio Tinto Open to Piecemeal Sale of Diamond Businesses
05/15/201307:36:02Rio Tinto Open To Piecemeal Sale Of Diamond Businesses
05/15/201304:40:13ASIA MARKETS: Japan's Nikkei Jumps To Reclaim 15,000, Lead Asia
05/15/201301:04:02Australia Approves Planned Rio Tinto Bauxite Mine
05/15/201300:36:21ASIA MARKETS: Japan's Nikkei Reclaims 15,000; Asia Stocks Mixed
05/14/201318:00:09PRECIOUS METALS HIGHLIGHTS: Top Stories of the Day
05/14/201312:49:55LONDON MARKETS: FTSE 100 Climbs For Ninth Straight Day
05/14/201308:36:10LONDON MARKETS: FTSE 100 Aims For 9th Straight Day Of Gains
05/14/201307:00:11Rio Tinto Committed To Cutting Capex, Costs As Output Ramps Up
05/14/201305:21:38LONDON MARKETS: Miners Drag FTSE 100 From 2013 High
05/13/201316:30:12Constellium Files for IPO Worth Up to $486 Million
05/13/201312:23:02LONDON MARKETS: GSK, Shell Lead U.K. Stocks To 8th Day Of Gains
05/13/201312:20:08EUROPE MARKETS: Europe Stocks Retreat From 2013 High
05/13/201305:15:15LONDON MARKETS: Banks, Miners Weigh In London After China Data

Companhia Vale and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad