Global Business Reports


Ben Cherrington, Mariolga Guyon

Peru Mining 2021 - Digital Interactive

July 18, 2021

In 2020, investment into Peru’s mining industry totalled US$4.33 billion, a decrease of over 29% from the US$6.15 billion spent in 2019. However, a rebound is expected in 2021. Producers have been looking to make up for time lost during the three-month lockdown in 2020, spurred on by the surging copper price, which hit an all-time-high in May 2021, and has remained over US$4/lb since February.

The election of Pedro Castillo’s Perú Libre government comes at a crucial moment for the country. Peru’s mining sector could be its engine of economic recovery, but this will require collaboration between the State and the private sector. To take advantage of the bullish macro outlook for mining and metals, political stability and addressing a cumbersome permitting process are urgent.

Our 2021 Peru Mining Report, the first fully digital report in GBR’s Peru Mining series, is the product of over 120 interviews with major mining companies, junior explorers, engineering firms, consultants, service providers, equipment and technology suppliers and associations. The result is an up-to-date review and analysis of the current operations, projects and trends in Peru's mining industry.


PPS explains its objectives to expand progressively to the whole Latin American region and to become eventually a world-class player.
MMG-Las Bambas speaks to GBR about recent progress and future goals.
"The mining sector is the backbone of the transition to a net zero emissions economy. The World Bank estimates that there will be a 500% growth in the demand for critical minerals, which are required for this transition."
"Anglo American’s agreement with ENGIE Energía Peru sends a message to the mining industry and to Peru that renewable energy is feasible, and we are very proud to be the first mine in the country that powers its entire operation via renewables."


Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"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."