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.
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Tembo Power is developing hydropower projects across Africa with a focus on DRC.
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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.
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"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
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