Peruvian President Ollanta Humala announced Wednesday he will send Congress a bill to improve the issue of distribution of mining royalties in benefit of all regions of the country.

Speaking in a televised press conference, Humala underlined the need to better use and distribute these funds because "we can not divide the country into rich and poor areas, hence the importance of the mining tax."

He recalled that "great economic achievements have been made in the country, thus generating more money and wealth; and through public policies, we will be able to improve the distribution of mining-related royalties."

"If we look at the accounts of regional and municipal governments that receive canon and royalty payments, we would see there is too little that has been used," he continued.

"Who gets the money? All the money is sitting in the banks while people are thirsty, hungry, are willing to work, have hopes and dreams and want education," Humala added.

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