Peru: Mining Country
Peru: A mining country full of opportunities
Its geological richness, the availability of quality cadastral and geological information, the offer of first level suppliers and the legal framework that promotes the private investment in force in the country, make Peru one of the most attractive destinations for mining investment in the world.
Peru: Mining Country
Peru is a country of ancient mining tradition, a tradition maintained and cultivated thanks to the presence of leading companies at an international level. We have a great geological potential, the presence of the Andes throughout the territory, constitutes our main source of mineral resources.
At a global and Latin American level, Peru is among the first producers of different metals (gold, silver, copper, lead, zinc, iron, tin, molybdenum, tellurium, among others), which reflects not only the abundance of resources and the production capacity of the Peruvian mining activity, but also the stability of the economic policies in our country.
The minerals produced in Peru are in great demand in the current world market, whose development is based on production and industry. The United States, China, Switzerland, Japan, Canada and the European Union are the main claimants.
Investment Economic Strength and Reliable Climate
Peru is one of the fastest growing economies in Latin America, which is complemented by macroeconomic strength: low inflation rates, fiscal and trade surplus, and strong net international reserves.
Peru has signed several bilateral agreements, including Free Trade Agreements (FTA) with the United States, Canada, China, Singapore, South Korea and Mexico, and is currently negotiating FTAs with Japan, Thailand and the European Union.
On the other hand, Peru is a member of the Asia Pacific Economic Cooperation (APEC) and the Andean Community of Nations (ACN). Peru offers better economic opportunities for investors in those markets.
The opportunities offered by our country have made us one of the countries in the region with greater investment in mining, with outstanding results and the presence of leading companies in the world mining industry.
The projected investments for the coming years in exploration, exploitation and mining expansions exceed US$51,000 million. The estimated portfolio of these mining projects highlights very important investments in Cuzco, Cajamarca, Moquegua, Tacna, Ica, Lima, Arequipa, Junín, Piura, Ancash, Huancavelica and Lambayeque.
Effective Investor Protection
Peru has signed 32 International Investment Agreements that fortify its policy of liberalization, with countries of the Pacific Region, Europe and Latin America. With the aim of consolidating a stable and predictable investment climate, Peru has improved its standards in the negotiation of International Investment Agreements. In the same way, Peru has signed the OPIC agreement that facilitates operations, giving coverage to USA investments carried out in Peru.
Peru is also a member of MIGA and a signatory to the Constitutive Convention of the International Center for Settlement of Investment Disputes (ICSID), as well as the New York Convention of the Recognition and Enforcement of Foreign Arbitral Awards.
Highlights of the Mining Industry
Peru is the second largest producer of silver, copper and zinc worldwide. It is also the leading producer of gold, zinc, tin, lead and molybdenum in Latin America. The Andes is the backbone of Peru and the main source of mineral deposits in the world.
Peru has an important geological potential. It is the first country in the world in silver reserves and is among the first locations in other base and precious metals (US Geological Survey – USGS).
In addition, the supplies and services that the mining industry needs are widely available in the local market, making Peru a privileged place for mining in South America.
Peru also has great potential in non-metallic minerals also known as Industrial Minerals, such as travertine marble, diatomite (first producer in South America), bentonite and borates. Indeed, Peru is among the few countries in the world with large deposits of these minerals.