Slightly OT, let’s add this report about how Repsol is deferring its $350m investment in the Peru oil&gas sector due to low prices. Then there’s this report entitled “Peru Miners: project financing drying up on lower metal prices” from DJNW. And then there’s the 8,000 mineworkers already laid off in the first two months of 2009.
All this must be part of that “strong macroeconomic framework” that the idiots at Fitch cited when they reaffirmed Peru’s investment grade rating (with a stable outlook!!) in January.