PUBLICATION

Global Business Reports

AUTHORS

Lucrezia Falcidia, Braulio Tresguerres, Natalia Preciado, Salma Khaila

MINPER 2023 - Perumin Official Investment Guide (Spanish Digital Interactive)

October 04, 2023

Peru was in the spotlight in late 2022 and early 2023, due to an abrupt government change, social conflicts and extreme weather conditions, all of which had an impact on the mining industry. 

While some investment continues to flow towards the sector, like Antamina's US$ 2 billion to extend mine life, there are no new large greenfield projects on the horizon after Quellaveco. 

In this context, Peru faces the challenge of unlocking projects in its investment portfolio, valued at US$54 billion, not only to sustain the mining ecosystem but also to take the enormous opportunity of the global energy transition. With over 90 million tons of copper reserves, Peru should continue playing a leading role in copper production.

GBR's MINPER: 2023 - PERUMIN Official Investment Guide, produced in strategic alliance with the Peruvian Institute of Mining Engineers, delves into the themes impacting the Peruvian mining industry. The report is produced after 130 interviews with leading authorities from government, industry associations, major producers, juniors, consultants, and technology and service providers.

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After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.

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