PUBLICATION

Global Business Reports

AUTHORS

Alfonso Tejerina, Ben Cherrington, Margarita Todorova, Mariolga Guyon

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Peru Mining 2020 Pre-Release Edition 1

Mining

Peru

March 03, 2020

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.

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