Base Metals Mining in Peru to 2020

In 2013, Peru’s copper, zinc and lead mine or metal content in ore production was 1.4 million tonnes (Mt), 1.3Mt and 266,500 tonnes respectively.

The majority of the country’s copper originates from the Ancash region and the Arequipa province; its zinc deposits are mainly found in the Ancash and Pasco regions, while Pasco, Lima and Junin regions has lead deposits.

Many copper exploration and development projects are located in the Arequipa and Ancash regions, while Pasco and Lima have potential zinc deposits.

Scope

The report contains an overview of the Peruvian base metals mining industry, together with key growth factors and restraints affecting the industry.

It also provides information about reserves, production, consumption, prices, trade, the competitive landscape, major active, exploration and development projects, and the country's fiscal regime.

Key Highlights

• Over the forecast period (2014−2020), copper mine production is projected to post a compound annual growth rate (CAGR) of 16.9%, while zinc and lead mine production are projected to post CAGRs of 4.7% and 4% respectively.

• Peru has a number of mining projects in various stages of development. Major copper projects in advanced stages of exploration include the Tumipampa property in the Apurimac region, which had 1.7 billion tonnes of resources as of 2013.

• Major zinc and lead projects include the Princesa project owned by Ansue Capital Corp., with 4.2Mt of mineral resources in the Puno province, and the Las Bambas project in the Apurimac region, owned by Glencore Plc.

• Investments into various stages of mining such as plant and mineral equipment, exploration, exploitation and infrastructure increased substantially from US$396 million in 2004 to US$9.7 billion in 2013. Total investments in 2013 increased by 14.3% over 2012.

Reasons to buy

Gain an understanding of the Peruvian base metals mining industry, the relevant drivers and restraining factors, reserves, historic and forecast production, consumption, trade, prices, the competitive landscape and the fiscal regime.

Companies mentioned

Compania Minera Antamina SA

Southern Copper Corporation

Sociedad Minera Cerro Verde SAA

Compania Minera Milpo SAA

Volcan Compania Minera SAA

Table of Contents

1 Executive Summary

2 Base Metal Mining in Peru

2.1 Country Overview

2.2 Mining Overview

2.3 Base Metals Mining In Peru – Drivers

2.4 Base Metals Mining In Peru – Restraints

3 Copper Mining in Peru – Production, Consumption, Reserves and Trade

3.1 Reserves by Geographic Regions

3.2 Historical and Forecast Production

3.2.1 Total production by region

3.3 Total Production by Mining Method

3.4 Copper Prices

3.5 Total Production by Major Mines

3.6 Major Exploration and Development Projects

3.7 Domestic Consumption vs Exports

3.7.1 Export to destination countries

3.8 Demand Drivers

3.8.1 Demand by countries

4 Zinc Mining in Peru – Production, Consumption, Reserves and Trade

4.1 Reserves by Grades and Geographic Regions

4.2 Historical and Forecast Production

4.2.1 Total production by region

4.3 Total Production by Mining Method

4.4 Zinc Prices

4.5 Total Production by Major Mines

4.6 Major Exploration and Development Projects

4.7 Domestic Consumption vs Exports

4.7.1 Export to destination countries

4.8 Demand Drivers

4.8.1 Increase in Demand from Countries

5 Lead Mining in Peru – Production, Reserves and Trade

5.1 Reserves by Grades and Geographic Regions

5.2 Historical and Forecast Production

5.2.1 Total production by region

5.3 Total Production by Mining Method

5.4 Lead Prices

5.5 Total Production by Major Mines

5.6 Major Exploration and Development Projects

5.7 Lead Exports

5.7.1 Exports to destination countries

5.8 Demand Drivers

6 Competitive Landscape

6.1 Compania Minera Antamina SA (Antamina)

6.2 Southern Copper Corporation

6.3 Sociedad Minera Cerro Verde SAA

6.4 Compania Minera Milpo SAA

6.5 Volcan Compania Minera SAA

7 Fiscal Regime

7.1 The Peruvian Mining Industry – Governing Bodies

7.1.1 Ministry of Energy and Mines (MINEM)

7.2 The Peruvian Mining Industry – Governing Laws

7.2.1 General Mining Law

7.2.2 Mining Royalty Act

7.2.3 Prospecting and exploration

7.2.4 Mining concession

7.3 The Peruvian Mining Industry – Rights and Obligations

7.3.1 Rights

7.3.2 Obligations

7.4 The Peruvian Mining Industry – Key Fiscal Terms

7.4.1 Royalties

7.4.2 Corporate tax

7.4.3 Capital gains tax

7.4.4 Depreciation

7.4.5 Withholding tax

7.4.6 Loss carry forward

7.4.7 Value added tax (VAT)

8 Appendix

8.1 What is this Report About?

8.2 Methodology

8.3 Secondary Research

8.4 Primary Research

8.6 About GlobalData

8.7 GlobalData’s Services

8.8 Disclaimer

List of Tables

Table 1: Base Metals Mining in Peru – Total Investments in the Mining industry (US$ Million), 2011–2014

Table 2: Copper Mining in Peru – Reserves by Top 10 Regions (Thousand Tonnes), 2012

Table 3: Copper Mining in Peru – Copper Mine Production (Thousand Tonnes), 2000–2020

Table 4: Copper Mining in Peru – Major Active Mines, 2014

Table 5: Copper Mining in Peru – Major Exploration Projects, 2014

Table 6: Copper Mining in Peru – Major Development Projects, 2014

Table 7: Copper Mining in Peru – Copper Metal Consumption vs Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Table 8: Copper Mining in Peru – Export to Region and Destination Countries (Thousand Tonnes), 2013

Table 9: Zinc Mining in Peru – Reserves by Top 10 Regions (Thousand Tonnes), 2012

Table 10: Zinc Mining in Peru – Zinc Mine Production (Thousand Tonnes), 2000–2020

Table 11: Zinc Mining in Peru – Major Active Mines, 2014

Table 12: Zinc Mining in Peru – Major Exploration Projects, 2014

Table 13: Zinc Mining in Peru – Major Development Projects, 2014

Table 14: Zinc Mining in Peru – Zinc Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Table 15: Zinc Mining in Peru – Export to Region and Destination Countries (Thousand Tonnes), 2013

Table 16: Lead Mining in Peru – Reserves by Top 10 Regions (Thousand Tonnes), 2012

Table 17: Lead Mining in Peru – Lead Mine Production (Thousand Tonnes), 2000–2020

Table 18: Lead Mining in Peru – Major Active Mines, 2014

Table 19: Lead Mining in Peru – Major Exploration Projects, 2014

Table 20: Lead Mining in Peru – Major Development Projects, 2014

Table 21: Lead Mining in Peru – Lead Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Table 22: Lead Mining in Peru – Exports to Region and Destination Countries (Thousand Tonnes), 2013

Table 23: Base Metals Mining in Peru – Compania Minera Antamina SA (Antamina), Major Projects, 2014

Table 24: Base Metals Mining In Peru – Southern Copper Corporation (SCC), Major Projects, 2014

Table 25: Base Metals Mining in Peru – Sociedad Minera Cerro Verde SAA, Major Projects, 2014

Table 26: Base Metals Mining in Peru – Compania Minera Milpo SAA, Major Projects, 2014

Table 27: Base Metals Mining in Peru – Volcan Compania Minera SAA, Major Projects, 2014

Table 28: The Mining Industry in Peru – Royalty Rates (%), 2014

Table 29: The Mining Industry in Peru – Depreciation Tax Rates(%), 2014

Table 30: The Mining Industry in Peru – Withholding Tax Rates (%), 2014

List of Figures

Figure 1: Base Metals Mining in Peru – Nominal GDP (US$) and Percentage Change (%), (2001–2013)

Figure 2: Base Metals Mining in Peru – Total Investments in the Mining Industry by Region (%), 2013

Figure 3: Copper Mining in Peru – Reserves by Region (%), 2013

Figure 4: Copper Mining in Peru – Copper Mine Production (Thousand Tonnes), 2000–2020

Figure 5: Copper Mining in Peru – Copper Mine Production by Region (%), 2013

Figure 6: Copper Mining in Peru – Copper Mine Production by Region (%), Jan 2014–Apr 2014

Figure 7: Copper Mining in Peru – Annual Copper Prices (US$/Tonne), 2002–2013

Figure 8: Copper Mining in Peru – Annual Copper Price Forecast, 2014–2020 (US$/Tonne)

Figure 9: Copper Mining in Peru – Copper Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Figure 10: Copper Mining in Peru – Export to Destination Countries (%), 2013

Figure 11: Copper Mining in Peru – Chinese Imports of Copper Ores and Concentrates (Million Tonnes), 2005–2013

Figure 12: Zinc Mining in Peru – Reserves by Region (%), 201

Figure 13: Zinc Mining in Peru – Zinc Mine Production (Thousand Tonnes), 2000–2020

Figure 14: Zinc Mining in Peru – Zinc Mine Production by Region (%), 2013

Figure 15: Zinc Mining in Peru – Annual Zinc Prices, 2002–2013 (US$/Tonne)

Figure 16: Zinc Mining in Peru – Annual Zinc Price Forecast, 2014–2020 (US$/Tonne)

Figure 17: Zinc Mining in Peru – Zinc Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Figure 18: Zinc Mining in Peru – Export to Destination Countries (%), 2013

Figure 19: Zinc Mining in Peru – Chinese Imports of Zinc Ores and Concentrates (Tonnes), 2005–2013

Figure 20: Zinc Mining in Peru – South Korean Imports of Zinc Ores and Concentrates (Thousand Tonnes), 2003–2013

Figure 21: Lead Mining in Peru – Reserves by Region (%), 2013

Figure 22: Lead Mining in Peru – Lead Mine Production (Thousand Tonnes), 2000–2020

Figure 23: Lead Mining in Peru – Lead Mine Production by Region (%), 2013

Figure 24: Lead Mining in Peru – Annual Lead Prices, 2002–2013 (US$/Tonne)

Figure 25: Lead Mining in Peru – Annual Lead Price Forecast, 2014–2020 (US$/Tonne)

Figure 26: Lead Mining in Peru – Lead Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Figure 27: Lead Mining in Peru – Export to Destination Countries (%), 2013

Figure 28: Lead Mining in Peru – Chinese Imports of Lead Ores and Concentrates (Thousand Tonnes), 2005–2013

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