PUBLICATION
Peru Mining 2020 Pre-Release Edition 1
In 2019, investment into Peru’s mining industry rose to US$6.15 billion, an increase of over 21% from the 2018 mark of US$4.95 billion, according to figures from the Ministry of Energy and Mines (MEM). On the back of three major copper projects: Chinalco's Toromocho expansion; the construction of Minsur's Mina Justa; and further investment into Anglo American's Quellaveco operation, Peruvian copper production is expected to increase in the coming years after a three-year period of stability.
However, social tensions surrounding high profile projects such as Southern Copper’s Tía María, and lengthy permitting process delaying the progress of Peru’s junior exploration community, present challenges that the government and industry must face together to maintain’s the country’s competitiveness and ensure its project pipeline remains robust.
RELATED INTERVIEWS MORE INTERVIEWS
RELATED ARTICLES MORE ARTICLES
B.C. Mining Enters an Era of Reconciliation
The Global Tailings Standard
RECENT PUBLICATIONS
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
SUBSCRIBE TO OUR NEWSLETTER
- Get GBR content delivered to your inbox
- Receive industry based news
- Completely free, e-mail only
