Visualize the world's top lithium producing countries since 2012 and forecasts for winners and losers out to 2031.

Average annual gold output will be 60,000 to 70,000 oz. in years one through four, and about 60,000 oz. annually over the life of the project.

Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new "attitude" aimed to promote local and foreign investment.

In a presentation at Perumin, finance minister Kurt Burneo reiterated the policy priorities that have endeared him to the industry, such as maintaining tax rates, offering fiscal benefits and cutting red-tape in a bid to attract investments.

Miner will transfer its copper assets in the country to Salobo Metais SA and its nickel assets to a new venture it will form.

The facility is expected to produce at least 1.5 million tonnes of copper over about 19 years.

Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium.

BHP, which operates the world’s biggest copper mine in Chile, has dangled $10 billion to develop more resources in the country if those uncertainties are finally resolved.