PUBLICATION
Global Business Reports
Peru Mining 2018 Pre-Release 2
May 22, 2018
When Martín Vizcarra succeeded PPK as Peru’s president, the mining sector not only welcomed the end of Kuczynski's political agony, but also the new president’s proactive approach towards mining development, following his successful work at Quellaveco when he was governor of Moquegua, between 2011 and 2014. While the political crisis unfolded, the mining industry continued its recovery path, with solid commodity prices helping companies across the board reduce their debts and move their feasibility-stage projects towards a construction decision. Indeed, afer three consecutive years of decline, total mining investment in Peru increased by 15.7% and reached US$4.92 billion in 2017. For 2018, the government expects an additional 20% growth.
RELATED INTERVIEWS MORE INTERVIEWS
MMG speaks to GBR about the first year of production at the vast Las Bambas copper mine.
Watch the video to hear their insights on the precious metals market fundamentals, the role of technology, and the challenges that Peru needs to tackle to boost its mining industry.
“Coricancha will provide a 75% increase in the production level for Great Panther Silver”
Tembo Power is developing hydropower projects across Africa with a focus on DRC.
RELATED ARTICLES MORE ARTICLES
Copper: Closing the Gap with Chile
Peru Mining 2018 Pre-Release 2
Peru strengthened its copper output in 2017, reaching 2.45 million tonnes.
Peru’s Precious Metals: The Challenge of Keeping Volumes Up
Peru Mining 2018 Pre-Release 2
Peru’s main gold mines are maturing, and production will increasingly come from medium-sized operations.
RECENT PUBLICATIONS
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.
MORE PREVIOUSLY PUBLISHED
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.
MORE PREVIOUSLY PUBLISHED
MACIG
"Ukwazi means 'to know' in Zulu, and our specialist teams and industry experts integrate multiple knowledge disciplines."
SUBSCRIBE TO OUR NEWSLETTER
SUBSCRIBE TO OUR
NEWSLETTER
- Get GBR content delivered to your inbox
- Receive industry based news
- Completely free, e-mail only
