PUBLICATION

Global Business Reports

AUTHORS

Lucrezia Falcidia, Braulio Tresguerres, Natalia Preciado

MINPER 2023 - Perumin Official Investment Guide (Spanish Print Version)

September 22, 2023

Peru was in the spotlight in late 2022 and early 2023, due to an abrupt government change, social conflicts and extreme weather conditions, all of which had an impact on the mining industry. 

While some investment continues to flow towards the sector, like Antamina's US$ 2 billion to extend mine life, there are no new large greenfield projects on the horizon after Quellaveco. 

In this context, Peru faces the challenge of unlocking projects in its investment portfolio, valued at US$54 billion, not only to sustain the mining ecosystem but also to take the enormous opportunity of the global energy transition. With over 90 million tons of copper reserves, Peru should continue playing a leading role in copper production.

GBR's MINPER: 2023 - PERUMIN Official Investment Guide, produced in strategic alliance with the Peruvian Institute of Mining Engineers, delves into the themes impacting the Peruvian mining industry. The report is produced after 130 interviews with leading authorities from government, industry associations, major producers, juniors, consultants, and technology and service providers.

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MACIG 2025 - Mining in Africa Country Investment Guide

It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.

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