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The article reports on the social reform imposed by the military regime governing in Peru that raised concern among mine owners. The country's military regime ordered investors of major non-producing ore-body concessions to file a new and more precise work schedule by September 30, 1970 and to show evidence of adequate financing by the end of the year. Failure of the investors to comply with both requirements will result to the loss of the concessions to the state. The concessions include Cerro de Pasco Corp. and Southern Peru Copper Corp., among others.

The article looks at U.S. mining company Cerro Corp. and its relations with accounting and auditing firm Coopers & Lybrand as of October 1973. Particular focus is given to alleged irregularities in Cerro's financial announcements for 1971 and 1972 uncovered by Lybrand. Topics include also the nationalization of Cerro's mining assets in Chile, the company' relations with the government of Peru, and comments by Cerro employee S. Roy French.

The article focuses on the plans of four U.S.-based mining companies for joint development of copper ore reserves in southern Peru in 1955. Despite heavy inroads by aluminum, the companies still pursue the 200 million U.S. dollars worth of five-year development plan. It is believed that the Peruvian deposits have one-billion tons of copper-bearing ore.