Peru's Mining Sector: Investment Opportunities and Export Trends
Explore the thriving mining sector in Peru, showcasing its top mineral exports, attractive investment potential, and growing gold trade relations with India. Discover the country's significant role in the global mining industry and the promising opportunities for new gold projects in Peru.
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Presentation Transcript
Javier Paulinich Ambassador of Peru India Gold Conference
Peru: An atractive country for mining investments One of the top mineral exporters One of the top mineral exporters worldwide in 2023 worldwide in 2023 LATAM Ranking 2 2 1 2 1 2 1 2 WORLD Ranking 9 2 1 2 1 3 2 10 Mineral Peru is a mining country and has a great potential to attract investments in mining services and mining supplies. Gold Silver Zinc Copper Lead Molybdenum Tin Selenium In the last 10 years, mining represented more than 8% of the country s Gross Domestic Product and more than 65% of total exports * Lithium: Significant reserves have been found at global level.
From 2003 to 2022, more than USD 17 billion of FDI were identified for manufacturing activities in Peru. The metal sector (manufacturing linked to mining) represented 28% of this amount, more than USD 4.8 billion, generating almost 12,000 direct jobs. Peru is positioned as the 3rd preferred country for these investments in South America. The main investor countries in the mining sector are: China, Canada, Mexico and United States of America.
Gold Trade Relation Peru - India Growth of Gold exports from Peru to India US$ billion (HSCode710812) Gold is the main mineral from Peru exported to India followed by Copper and others. 2.5 2.22 2.14 2.13 1.9 2 In amounted to US$ 8.5 billion, with India being the second destination country for Peruvian gold with an exported value of US$ 2.2 billion. 2023, total Peru's Gold exports 1.49 1.47 (*) 1.4 1.5 (*) Period Jan-Jun 2024 1.02 1 0.45 0.5 During the first half of 2024, Peruvian gold exports to India showed a growth of 81% compared to the same period in 2023. If this trend continues, it is expected to reach approximately US$ 3 billion by the end of this year. 0
Gold Trade Relation Peru - India Main Peruvian exporters of Gold from Peru to India At Peruvian gold exports are: Switzerland, India and Canada. present, the main destinations for For Peru, the Indian market represents 26% of gold exports. However, for India, imports from Peru only account for about 6.2%. During 2023, more than 300 companies exported gold to India, compared to the 30 companies that exported in 2015. Some of these companies already investors. have Indian With the new projects that will come into operation soon, there will be excellent opportunities to increase the exports of Peruvian gold in India.
New Gold projects in Investment and Exploration New Gold projects in Investment and Exploration Stage in Peru Stage in Peru Peru is one of the top ten producers of gold worldwide, and its production is growing year by year. Gold deposits are abundant and are distributed in all regions adjacent to the Andes mountains. For these reasons, there opportunities for explorationand exploitation. CONGA US$ 4,800 million are excellent Investment stage Exploration stage REPOSICION TANTAHUAY US$ 194 million investments in La Zanja Algamarca Colorado Currently Peru has 6 gold projects in investment stage with an total investment of USD 6,993 million, and 18 gold exploration projects, with a preliminary investment of USD 220 million. SANTA MARIA (Expansion) US$ 120 million Pucaloma OLLACHEA US$ 89 million La Paccha El Dorado Coloso Peru is looking for Indian investments. Cochacucho y Mylagros Gab n Santo Domingo Usicayos REPOSICION INMACULADA US$ 1,319 million Miscanthus Qori Scorpius Yanacochita II SAN GABRIEL US$ 470 million Tambomayo Iluminadora
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