Mining In Peru
Peru has a mining culture that pre-dates European colonization. Today Peru is one of the world’s major metal mining countries. In an annual survey of mining industry insiders by The Fraser Institute, Peru ranks as the seventh best country for mining investment behind only the U.S., Canada, Australia, Chile, Mexico and Brazil.
Peru’s Rank Among International Producers - 2007
| Metal | World | Latin America | |
| Silver | 1st | 1st | |
| Gold | 5th | 1st | |
| Copper | 3rd | 2nd | |
| Zinc | 3rd | 1st | |
| Lead | 4th | 1st |
Source: USGS and Ministry of Energy and
Mines of Peru
Peru is also a world-class producer of tin and
molybdenum
Peru – A Mining Country
- First in silver, third in copper
- “Elephant” Country:
- Pierina (Barrick)
- Antamina (Xstrata, TeckCominco, Mitsubishi)
- Yanacocha (Newmont, Minas Buenaventura)
- Growing list of other world class mines/projects
Top 10 Countries for Exploration Investment
Source: Metals Economics Group 2006
Estimated Exploration Investment in Peru
in 2007 – US$570 Million
Additional Information on Peru
- December 16, 2009 - This article in DowJones - "Peru Applauds Upgrade To Investment Grade From Moody’s" describes how lifting Peru's rating will bolster the trend towards increased foreign direct investments and also in the longer term help lower the spread on Peru's sovereign debt.
- November, 2009 - This article in Horizonte Minero discusses how building trust between the community and the company is beneficial, citing the example of the community of Ancoraca in reference to the Minera Strait Gold Peru’s Culebrilla Project.
- October 1, 2009 - This article in Andina - Peru News Agency "IMF: Peru to lead growth in region next year; followed by Chile" describes how Peru is set to take the lead growth with 5.8% next year.
- September 30, 2009 - This article in Andina - Peru News Agency "Peru may lead Latin America’s economic growth in next 5 years" describes how Peru has applied macroeconmic policy in reccent years in helping them to continue to grow amid the current international economic crisis.
- July 29, 2009 - This article in Newsweek "Peruvian Peaks - The small, poor country that made the right economic moves" describes how Peru found itself on an 'economic shining path' during the economic downturn.
- Latin Drift - This article by The Economist's "The World in 2009" provides an overview of the year ahead for Latin America. Please note the final sentence: "The fastest growing of the larger economies in Latin America will once again be Peru, not least because its government will keep faith in free trade, rather than the socialism fashionable elsewhere."
- Summer 2008 — Peru: A New Era of Opportunities (ExportWise) - This article by Export Development Canada describes how the recent Canada-Peru Free Trade Agreement will benefit Canadian businesses mining in Peru and PeruÕs overall active mining sector.
