2022 was a volatile year for the entire world but especially for Peru. After having won the presidential elections by a narrow margin, the left-wing then-president, Pedro Castillo, was impeached and arrested. While Dina Boluarte, the former Vice-President, took power and pledged to bring forward elections, protests expanded throughout the country. The current turmoil is imperiling mineral production, one of Peru's leading industries.
Despite challenges, Peru has a strong pipeline of new projects with an overall investment value of US$53.7 billion, a robust equipment and service ecosystem, and junior and producing companies leveraging Peru's copper endowment aligned with the world's goals toward a more sustainable future. Everybody has strong fundamentals to be bullish on Peru.
This first pre-release edition of GBR's PERUMIN 2023 Official Investment Guide comprises an analysis based on interviews with the leading executives from the entire mining value chain of the Peruvian mining industry to provide a holistic view of the events taking place in the country, how those events have impacted their activities, and what they expect for the upcoming months.