"Peru Mining Report Q2 2016" now available at Fast Market Research

Peru's mining industry will experience solid growth in both value and production, supported by competitive operating costs, a stable business environment and a significant project pipeline over our forecast period to 2020 .

Latest Updates & Structural Trends

Peru's extractive industry will experience significant growth over our forecast period to 2020. We expect the sector's value to climb from USD19.7bn in 2016 to USD24.1bn by 2020, averaging 4.1% annual growth. In particular, we expect copper and gold to outperform in terms of production growth due to strong project pipelines and continued investment. Silver and lead will also benefit from a number of key projects, while tin and zinc output posts slower growth. The country will remain a top global producer of each of these metals.

Copper projects account for the largest proportion of new mine projects and expansions. The Peruvian government estimates that the country's 2016 mining investments will total USD6.5bn. The sector is dominated by global copper mining majors including Southern Copper (a division of Grupo Mexico), Freeport McMoRan and Glencore Xstrata, which are boosting output by both expanding existing operations and undertaking new investment projects. Increasing Chinese investment and mining activity will stem from MMG and Chinalco.

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Ongoing metal price weakness, anti-mining protests, and illegal mining will remain key challenges to Peru's mining industry. While these factors may result in project delays, Peru's low operating costs, supportive political environment and significant project pipeline will offset any production declines.

Peru's mining sector will be supported by the country's vast mineral reserves, open investment framework, and low operating costs. Peru will remain competitive relative to other Americas mining jurisdictions and we expect mining firms will continue to invest in the country. While the country's overall tax levels are relatively higher than its regional peers, miners in Chile still face elevated labour, electricity and water costs compared to Peru.

The Peru Mining Report has been researched at source and features BMI Research's mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Peru Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Peru.

Key Benefits
Use BMI's independent industry forecasts on Peru to test other views - a key input for successful budgeting and planning in this mining market.

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