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The Latin American mining equipment market is largely comprised of Argentina, Brazil, Mexico, Chile, Panama, Peru, Ecuador, Colombia, Paraguay, Uruguay, Bolivia and Venezuela. Each country is known for its own approach in mining.
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While Peru's economy is diversified compared to other countries in the region, mining is the country's economic engine driver and a disproportionate amount of public funds derive from taxes on the mining sector. Peru is the world's third largest producer of copper behind Chile and China, and copper accounts for 60% of exports.
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