Currently viewing Global edition

Politics cuts both ways for Peru miners

Under-explored Peru is making a pitch for more external exploration dollars as the country’s government counts on a big bank of new, world-class mineral projects to reverse last year’s mine production falls and put Peru back on course to be one of the world’s enduring mining powerhouses in the decades ahead.

Politics cuts both ways for Peru miners Politics cuts both ways for Peru miners Politics cuts both ways for Peru miners Politics cuts both ways for Peru miners Politics cuts both ways for Peru miners

Peru is counting on Anglo American, Chinalco, Glencore, Bear Creek Mining and Minsur to move ahead with $10 billion in mining projects this year

Having pushed through US$34 billion in mining projects from 2011-2016, Peru has doubled copper output this decade but last year saw output of the metal dip 0.4% to 2.44 million tonnes.