www.minem.gob.pe consultas_dgm@minem.gob.pe
PERU Mining Sector
Febrary, 2013
STRATEGIC LOCATION
Located right in the middle of South America and the World, Peru has an strategic location that allows easy access to Southeast Asian markets and the United States. Also, as a member of the Asia-Pacific Economic Cooperation (APEC) and the Andean Community enjoys the advantages of being integrated to these markets.
ASIA
• Canada * • United States * • Mexico*
• Australia • China * • South Korea * • Malaysia • Singapore * • Thailand • Japan
• Cuba • El Salvador
OCEANIA
PERU PACIFIC OCEAN
* FTA
ATLANTIC OCEAN
• Germany • Begium & Luxembourg • Denmark • Spain • Finland • France • Netherlands • Italy • Norway • Portugal • United Kingdom • Czech Republic • Romania • Sweden • Switzerland
• Argentina • Ecuador • Bolivia • Paraguay • Chile * • Venezuela • Colombia
Peru has signed Bilateral Investment Treaties and Free Trade Agreements, which consolidate our policy of openness. Moreover, Peru has signed Double Taxation Agreements with Brasil, Chile and Canada.
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
LEGAL STABILITY FOR INVESTORS
INVESTMENT GRADE
PERU IN WORLD MINERAL PRODUCTION RANKINGS
Peru is the largest producer of gold, zinc, tin and lead in Latin America. Worldwide is the third largest producer of copper, silver, zinc and tin.
Source: U.S.Geological Survey-USGS-, The Silver Institute; Gold Fields Minerals Services-GFMSInternational Copper Study Group -ICSG-; International Lead and Zinc Study Group-ILZSGInternational Tin Research Institute - ITRI-; International Molybdenum Association-IMOAInstituto Latinoamericano del Hierro y el Acero - ILAFA-
MINING AND PERUVIAN EXPORTS TIN IRON ZINC
Metallic and nonmetallic minerals represent almost 65% of total Peruvian exports.
LEAD COPPER
GOLD
In the last years, Peruvian mining exports have increased eight times its value, and together represent over 65% of its total exports. In its wide polymetallic and non metallic range, copper and gold are products that lead peruvian exports.
MINING INVESTMENT
The notable increase in mining investment in Peru has lead to an historical record the year 2012: more than US$ 8,500 millions, most of which was invested in infrastructure, production and exploration.
Source: Ministry of Energy and Mines Peru
MINING INVESTMENT
MINING EXPLORATIONS INVESTMENTS (US$ MILLION)
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There are about 400 mining units under exploration and some more in early prospecting. Exploration investments in Peru have sustained its growth for over six years and the last four year it has shown significant development. Peru remains among the first investment destinations for exploration budgets worldwide.
Source: Ministry of Energy and Mines Peru
ESTIMATED INVESTMENT PORTFOLIO: TOP MINING PROJECTS
ESTIMATED PORTFOLIO OF INVESTMENT PROJECTS: US$ 54,680 Millions The estimated portfolio includes important Expansions and New Projects, mainly copper, gold, zinc, and others.
The estimated portfolio includes important Expansions and New Projects, mainly copper, gold, zinc, and others.
US$ Millions EXPANSION
9,058
WITH APPROVED EIA
17,963
UNDER EXPLORATION
23,713
TOTAL
54,680
COPPER PROJECTS
Peru is the third largest producer of copper and second in reserves worldwide MEGAPROJECTS COPPER WITH AN INVESTMENT OF:
US$ 34,937 million 63.9% estimated portfolio correspond to copper projects
The operation of these projects next triple domestic production Current copper
GOLD PROJECTS
Peru is the largest gold producer in LATIN AMERICA MEGAPROJECTS GOLD WITH AN INVESTMENT OF:
US$ 7,302 million 13.35% estimated portfolio correspond to gold projects
SILVER PROJECTS
MEGAPROJECTS SILVER WITH AN INVESTMENT OF:
US$ 1,026 million SAN LUIS
Ancash
Huánuco
RONDONI
1.88% estimated portfolio
correspond to silver projects
Junín
PALLANCA Cusco
CORANI Ayacucho
CATANGA ESTE
INMACULADA CHAQUELLE
Puno
Arequipa
IRON PROJECTS
MEGAPROJECTS IRON, WITH AN INVESTMENT OF:
US$ 6,780 million 12.40% estimated portfolio correspond to iron projects
MODERN MINING IN PERU
W AT E
R TU UL RIC AG
R
INVESTOR
COMMUNITY The state came from the beginning
MINING
PROJECT
E
SUSTAINABLE DEVELOPMENT
STATE SUSTAINABLE DEVELOPMENT
MODERN MINING WITH SOCIAL ENVIRONMENTAL RESPONSIBILITY AMBIENTAL Legislación minera - ambiental Respeto al ambiente Estudios ambientales Rigurosos Estándares Nacionales Estándares Internacionales Sistemas de Gestión Ambiental Innovación tecnológica
SOCIAL Empleo Directo Local, regional y nacional Empleo Indirecto Programa de Desarrollo Sostenible Fideicomisos Sociales Apoyo a la Producción Compras Locales y nacionales Aporte Voluntario
ECONÓMICA Impuestos y Tributos Canon Minero Regalía Minera Derecho de Vigencia y Penalidad Aporte Voluntario Aranceles e ISC Fondo Empleo
We promote a sustainable mining development in three areas: economic, social and environmental. We promote a continuous dialogue with the communities with the aim of achieving socio-environmental agreements and licenses and the strict accomplishment of all the international standards in force. What do we expect from the Mining Investor? • Productive investment, non-speculative
• Environmental excellence • Social Responsibility excellence •We expect modern businessmen, integrated to the community and compromised with its development.
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