Peru Mining Report - Business Monitor International - Industry Reports

Peru Mining Report

Peru Mining Report - Business Monitor International - Industry Reports
Peru Mining Report
Published Sep 03, 2016
69 pages — Published Sep 03, 2016
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Abstract:

Peru s extractive industry will experience significant growth over our forecast period to ----. We expect the sector s value to climb from USD--.-bn in ---- to USD--.-bn by ----, averaging -.- annual growth. ...We now expect the country s copper production to increase by --.- to -.- million tonnes (mnt) in ----, from the previous forecast of --.- growth. Projects including MMG s Las Bambas, Freeport McMoRan s Cerro Verde expansion, and Hudbay Minerals ramp up at the Constancia mine will continue to drive growth over the next few quarters, helping Peru overtake China as the world s second largest copper producer by the end of the year. We forecast Peru s gold and silver sectors to post solid production growth, averaging -.- and -.- , respectively, over our forecast period to ---- on the back of improving precious metal prices. ...President Pedro Pablo Kuczynski will support policy continuity and push an agenda that aims to boost investment in the mining-driven economy (see Kuczynski Will Solidify Peru s Business-Friendly Reputation , July --). In July, Kuczynski proposed relaxing regulations on air quality to encourage investment in copper smelting.

...We have once again increased our ---- copper production growth forecast for Peru, as key projects including MMG s Las Bambas and Freeport McMoRan s Cerro Verde continue to ramp up output. We now expect the country s copper production to increase by --.- to -.- million tonnes (mnt) in ----, from the previous forecast of --.- growth. ...In July, Kuczynski proposed relaxing regulations on air quality to encourage investment in copper smelting. In Q---, Southern Copper Corporation reported plans to increase capital expenditure guidance over the coming years to invest in the Toquepala expansion, the Cuajone project expected in Q---, and allotted USD---mn for the Tia Maria project for ----. President Pedro Pablo Kuczynski will support policy continuity and push an agenda that aims to boost investment in the mining-driven economy (see Kuczynski Will Solidify Peru s Business-Friendly Reputation , July --). ...In Q---, Southern Copper Corporation reported plans to increase capital expenditure guidance over the coming years to invest in the Toquepala expansion, the Cuajone project expected in Q---, and allotted USD---mn for the Tia Maria project for ----.

...Multinational miners will continue investing in Peru due to the country s ample mineral reserves, subdued costs and favourable regulatory environment. Among others, Southern Copper Corporation, Freeport McMoRan (through its --.- stake in the Cerro Verde mine), and China s MMG are seeking to boost output through expanding existing operations and undertaking new investment projects. ...

  
Source:
Document ID
1755-8514
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Peru Mining Report" Sep 03, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Peru-Mining-Report-2026-775>
  
APA:
Business Monitor International - Industry Reports. (2016). Peru Mining Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Peru-Mining-Report-2026-775>
  
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