PUBLICATION

Global Business Reports

AUTHORS

Lucrezia Falcidia, Braulio Tresguerres, Natalia Preciado

Peru Mining 2023 Pre-Release I

March 03, 2023

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.

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Malaysia, Thailand, Indonesia, Vietnam, and The Philippines are all competing for foreign direct investment (FDI) in the chemicals sector. The region would become more competitive to international investors if it learned to act more as one – for instance, by developing upstream-to-downstream regional value chains and by focusing on complementary differentiating points, rather than competing ones. Investments in any ASEAN nation can benefit the entire region if these are guided to an equal extent by consid- erations of differentiation and integration. This would lead to the development of a complete and self-sustaining regional ecosystem.

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MACIG

"With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, we anticipate that the sector will continue showing resilience and growth, remaining financially sound in 2023."

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