“The people have awakened,” declared Pedro Castillo from a balcony in Lima on June 11th 2021, after the narrowest of election victories.
What does a left-wing government mean for Peruvian mining? Could the situation mirror the Ollanta Humala presidency in 2011, who rose to power on the back of anti-establishment rhetoric, but soon cooperated with market actors when faced with economic reality?
The Peru Mining 2021 Special Report, the latest edition of Global Business Reports (GBR)’s annual guide to Peru’s mining industry, maps the landscape as the world’s second biggest coper producer Enters a New Era. The report draws upon over 120 interviews with the leading actors in Peru’s mining industry, including Political and Social Analysis of the main theme’s impacting a sector, which accounts for 60% of the country’s exports.
With copper futures trading above $4/lb since February, Peru’s Enormous Copper Opportunity is discussed with the likes Tom McCulley, CEO of Anglo American Peru, responsible for the construction of Quellaveco, the $5.3 billion mine currently under construction in Moquegua. The report also features the main Copper Producers in Peru, such as MMG-Las Bambas.
Interviews with Roque Benavides, Chairman of Buenaventura, and Luis Rivera, Executive Vice President of the Americas for Gold Fields, cover precious metals production, as well as offering their thoughts on the political situation in the country.
Sustainability, an issue of particular importance in Peru where project development has occasionally been obstructed due to conflict between the mining industry and local communities, is analyzed with contributions from the International Council on Mining & Metals (ICMM).
The report covers Peru’s full mining value chain, including a reinvigorated Junior Sector, illustrated by a number of new listings and a 329% increase in capital raised on the TSX Venture Exchange from 2019 to 2020. The strength of the mining industry in 2021 is also evident in Peru’s technology and service sector, as OEMs Focus on Productivity so that producers can take advantage of high metals prices.
Related read: Peru’s mining production: copper, precious metals, zinc, tin
For more information and to access GBR’s extensive portfolio of mining reports worldwide, please visit gbreports.com
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