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Ian Campbell

Ian Campbell

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Interview - Peru Politics and Economy

There is a lot of interest among those who hold shares in mining companies (and likely shares in companies in other sectors) that operate in Peru and other developing countries. I was pleased to have the opportunity last Thursday to interview Jean Martineau, Chairman and CEO of Dynacor Gold Mines Inc. (TSX:DNG).

Headquartered in Montreal, Quebec, Dynacor Gold Mines Inc. engages in the acquisition, exploration, and development of mining properties in Peru. The company primarily explores for gold, and custom mills gold for third parties. Dynacor owns interests in three Peruvian exploration and development properties. Mr. Martineau has been active in Peru for over 15 years, is fluent in both spoken and written Spanish, spends several months each year in Peru, has many Peruvian senior government and executive contacts, and is well attuned to the current Peruvian Political and Economic circumstances and climate. In the interview - listening time about 23 minutes - Mr. Martineau:

  • describes Peru's political system;

  • describes the economic development of Peru over the last 10 years;

  • highlights the last 10 years of Peru's political history;

  • discusses the current political climate in Peru as he currently assesses it;

  • discusses his views of the attitudes of the Peruvian population at large toward foreign investment in general, and foreign mining investment in particular;

  • summarizes his views with respect to the policies of outgoing Peruvian President Alan Garcia, and the policies he currently anticipates from incoming President Ollanta Humala - who will be sworn into office on July 28; and,

  • summarizes how he currently assesses 'Peru political and economic risk' to a company operating in Peru on July 7, 2011 (the day I interviewed him) in respect of such things as continuing operations, labour availability, changes in income tax and mining royalty rates.

Mr. Martineau participated in this interview from his Montreal office. He will be in Peru on July 28, and has agreed to a follow-up interview on his return to Canada. If you take the time to listen to this interview, I think you will be impressed with the depth of Mr. Martineau's experience and knowledge with respect to Peru. I think you will also be impressed with the independent and objective way he responded to my suggested topics and questions.


Disclosure: I currently do not own, or control the ownership of, any Dynacor common shares, outstanding options, or outstanding warrants. Dynacor is not an advertiser on StockResearchPortal.com. Neither I nor StockResearchPortal.com has or will receive compensation in connection with my interview of Mr. Martineau, or in connection with its availability on StockResearchPortal.com.


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