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Peru Mining and Metals Sector Investment will be worth US$59.5 billion over 2014-2020, Finds New Report

The Precious Metals Mining in Peru to 2020 report comprehensively covers the country’s historical and forecast data on gold and silver production to 2020, reserves and production by region, Peru vs global gold and silver mine production and demand by end-use. The report also includes drivers and restraints affecting the industry, profiles of major precious metals mining companies, information on the major active, development and exploration projects and regulations governing the industry.

The fiscal regime section provides information about the country’s regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country. It is an essential tool for companies active across the Peruvian mining industry, and for new competitors considering entering the industry.

Peru had the second-largest share (16.7%) of global silver reserves at 87,000 tonnes (t) and the eighth-largest gold reserves at 1,900t, indicative of a 3.5% global share at the end of 2013. In mine production, the country was the leading producer in Latin America in terms of gold output in 2013 and was the fifth largest producer globally. Its silver mine production in the same year was the second highest in Latin America and was the third-highest globally.

Scope

The report contains an overview of the Peruvian precious (gold and silver) metals mining industry together with the key growth factors and restraints affecting the industry. Further, it provides information about reserves, production, production by region, Peruvian vs global mine production, demand by end-use, prices, competitive landscape and major active, exploration and development projects.

Reasons to Buy

Gain an understanding of the Peruvian precious metals mining industry, the relevant drivers and restraining factors, reserves, historic and forecast production, prices, the competitive landscape and the country’s fiscal regime.

Key Highlights

  • The Peruvian mineral industry is important to its economy and enjoys competitive advantage from lower direct cost of production on account of good ore grades and low labor and energy costs and has and will remain, its major economic driver as evidenced from its contribution to exports, government tax revenues and employment generation.
  • To September 2014, the mining sector’s contribution to exports was US$13.9 million or 49.5%, while in 2013, it accounted for 56% of exports, 13% of government revenues and generated 14% of employment.
  • The country’s mining industry stands to benefit from a combination of positive factors. First, strong international commodity prices during 2008-2012 helped it reap rich dividends, followed by good grades and competitive costs which have helped it to remain as a target for foreign investments.
  • The Peruvian Ministry of Energy and Mines has indicated that mining and metals sector investment will be worth US$59.5 billion over 2014-2020 of which around 60% will go into copper projects, with gold and iron ore accounting for the majority of the rest, driven primarily by the private sector, drawing upon a stable legal framework, free trade pacts, low external vulnerabilities and good investment grade rating which has helped in attracting most global mining multinationals.

Spanning over 45 pages, Precious Metals Mining in Peru to 2020” report covering the Executive Summary, Precious Metals Mining in Peru – Drivers and Restraints, Gold Mining in Peru – Reserves and Production, Silver Mining in Peru – Reserves and Production, Competitive Landscape, Fiscal Regime, Appendix. The report covered 4 companies – Newmont Mining Corporation, Barrick Gold Corporation, Compania de Minas Buenaventura SAA, Volcan Compania Minera SAA

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