Mining investment Main Mining investment projects

Prospects Prospects

OVERVIEW

From the days of the Spanish conquest, foreigners have come in search of the products of Peru's mines and the mining sector has been a core part of the economy up until the modern era. Operations at the historic zinc-mining center of Cerro de Pasco began in 1905 and the Metallurgical Complex at La Oroya started production in 1922. Much of Peru's rail network was created to serve the needs of the mining industry. Nevertheless, relatively little exploration was carried out in the 1960s and 1970s and development of the mining sector came to a halt. The mining industry believes that Peru's favorable geology has been under-exploited. Thus, while reserves have been exploited intensively in the US, Canada and Chile, to date only about 12 per cent of Peru's mineral resources have been worked. Peril has the capacity to double or triple current levels of output, especially in base metals. In all, Peru holds about 16 per cent of the world's known mineral reserves, including 15 per cent of copper and 7 per cent of zinc reserves.


Production Ranking
METAL Latin America  World
Gold 1st 5th
Zinc 1st 4th
Tin 1st 2nd
Lead 1st 4th
Copper 2nd 7th
Silver 2nd


Business contact: Commentaries, proposals or details for negotiation: Mr. Jorge Perazzo
51 1 2638212 (spanish please) 1—602-499 2708 (USA)
jperazzo@miningperu.com
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