It appears that O. Humala won the presidential election. This is not good news for the mining companies. I have lived in Peru for almost 7 years. Humala is a radical leftest who has H. Chavez telling him what to do. Chavez financed Humala's prior election run to the tune of over 30+ million dollars.

The Peruvian bolsa (stock market) was down sharply today. One of Humala's campaign promises was that he will 'extract' more money for the poor people from the companies raiding Peru's natural resources. This could have a dramatic effect on the mining and oil industries here. I suspect that many of the existing contracts with mining companies and oil companies will be 'discarded' and the natural resources nationalized ala Bolivia and Venezuela.