US’ modern-day colonization of Peru has begun

After removing Pedro Castillo from presidency, US has cleared its way to drain Peru of its resources.

Peru US

After staging a coup in Peru, US is all set to colonize the nation. Washington is tightening its grip on the Latin American country and threatening its sovereignty.

CIA veteran and US ambassador to Peru, Lisa Kenna has embarked on a new mission. Just to remind you, Kenna was behind the coup of Peru’s Pedro Castillo.

After the coup, Castillo has been in captivity for 18 months without a fair trial, leading to large-scale demonstrations throughout the country. In response to the protests, the unelected government used extreme force, resulting in the death of around 60 protesters within a period of two month.

Paving the way for US in Peru

Lately, Kenna has met with the Mining and Energy Minister of Peru, Oscar Vera Gargurevich. The ambassador also met with the vice ministers of hydrocarbons and mining.

As reported, the purpose of the meetings is to discuss “investments” to develop and expand the extractive industries.

To put things in perspective, Peru is abundant in natural resources. Spanish colonizers extracted a great deal of silver and gold from the South American country. Today global corporations view it as a lucrative source of resources. It is a major supplier of copper, lead, zinc, tin, silver, and gold. The mining industry contributes more than 50% of Peru’s exports and over 10% of its GDP.

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Castillo was a victim of the US-backed coup. He advocated for the nationalization of mining sector and reforms in the constitution. Both of which was directly against US’ interests.

Peru is home to the world’s three biggest transnational mining entities—BHP, Rio Tinto, and Glencore. Other prominent corporations from Canada, Brazil, Switzerland, the UK, Japan, and Australia are invested in Peru too. Peru is poised to take on a larger role in the worldwide transition to renewable energy sources.

Taking control of Peru’s resources

Recently, protestors had taken over the copper mines in Southern Peru. It is important to note, that China also has mines in the region. The sudden blockade has disrupted all mining work and China stands facing losses if it is prolonged. It can even cause a global copper crisis.

In addition to the mining operations already in existence, foreign companies are investing heavily in exploration for new projects in Peru. A 2022 report from the Peru’s Ministry of Energy and Mines reveals that Canada, Brazil, Switzerland, Britain, the US, Japan, and Australia are the leading countries investing in mining exploration in the country.

While Peruvian-based companies account for 37.8% of exploration investment, many of these are part of larger transnational corporations.

Read More: Biden creates a Copper crisis across the world?

We had earlier reported how the US might have orchestrated this blockade to hurt China, its arch nemesis. Now, with the removal of Pedro and cornering of China in the Peru, US can finally swoop in to exploit the country as it wishes.

US also wants to pave way for European companies in the nation. Post the Russia-Ukraine war, Europe has tried to decrease its dependency on Russia for energy. Europe became the top importer of Peruvian LNG in 2022.

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