Mining
From The Report: Peru 2016
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By any measure, Peru is a giant of the global mining industry. Only Chile and China produce more copper and the country is the world’s seventh-largest producer of gold and the third largest of silver. It is unsurprising that Peru’s economic fortunes have been tied to the mineralogy of the Andes Mountains for many centuries. The mining industry has been the driver behind the growth of the Peruvian economy for 10 years, today accounting for about 17.6% of GDP and half of exports. In the first half of 2015 Peru exported just over $9bn of metals, its weakest six-month performance since 2009. However, local miners are well placed to withstand a period of low prices, and the entrance of major new projects means 2016 should be a bumper year for production. A coherent strategy for resolving social conflicts is set to figure among the priorities of future governments. This chapter contains an interview with Rosa Maria Ortiz, Minister of Energy and Mines.

Articles from this Chapter

Overview

Digging deep: The nation’s mines remain flexible while prices are volatile
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By any measure, Peru is a giant of the global mining industry. Only Chile and China produce more copper and the country is the world’s seventh-largest producer of gold and the third largest of silver. Add to that important deposits of zinc, tin, lead and iron ore, as well as non-metallic resources such as phosphates and uranium, and it is unsurprisingthat Peru’s economic fortunes have been tied to the mineralogy of the Andes mountains for many centuries. Since theliberalisation of…

Interview

Driving force: OBG talks to Rosa Maria Ortiz, Minister of Energy and Mines
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Interview:Rosa Maria Ortiz How will lower demand and commodity prices impact investment in the Peruvian mining sector? ROSA MARIA ORTIZ: Though the national debate often associates the fall in mining investments with government policies, the truth is that international circumstances are the cause for this decline; this is a reality that we share with all mining countries. For the country to avoid social conflicts and damage to the environment, we need to maintain an attractive investment…

Analysis

Raising junior: The smallest mining firms are targets of opportunity
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Exploration is the lifeblood of the mining industry. Junior mining companies, staffed by geologists and finance professionals, search for new deposits to bring them to a stage of development that make them targets for acquisition by major commodities producers. To do so they need to attract investors willing to bet on their projects and management teams. With commodity prices remaining low for much of 2015, Peru’s junior explorers were faced with tough choices. Gold Rush In the wake of the global…