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Why Focus on Peru?
The Opportunity in Peru
Peru is an established mining region which hosts significant mineral resources. In addition to substantial precious and base metal resources, Peru is considered a low cost producer of key mineral commodities due to the typically high-grade resources and relatively low-cost operating environment.
Recent Transaction Activity
Due to recent exploration success in both Peru and Ecuador at a time where large resources are becoming harder to discover in other parts of the world, the North Andean region is experiencing increased interest by major mining companies. A summary of recent transactions is outlined in a Map of the North Andean World-Class Mineral Provinces, developed by Fidelity Minerals. In order to View Map, click here.
Regulatory Environment
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Strong support and national emphasis on mining as >60% of Peru’s exports come from mining (~US$25 billion/yr).
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Peru ranks highly in Latin America & globally as a leader in mined commodities (see chart, right).
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Member of Andean Community & APEC. 17 Free Trade Agreements, including with Canada.
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LatAm leader or high performer in GDP growth, low inflation, investment rating (2nd) and foreign investment.
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Improving and flexible mining & environmental regulatory regime.
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Foreign investment encouraged in progressive investment environment:
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Government guarantees stability on income tax regulation and dividend distribution on DFI entry.
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Zero discrimination between national and foreign companies.
No restrictions on:
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Repatriation of earnings.
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Currency exchange practices.
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Remittance of dividends, interest or royalties.
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International transfers of capital.
Small Scale Mining Sector (Peru)
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Long (pre-European) history of precious metals production & trading: deep narrow vein mining skills among artisanal miners.
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Peruvian government regulated: small scale mining sector represents ~20% of all Peruvian gold production (~US$2.6 billion, 2016).
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