He Peru climbed 8 positions as the most attractive country for invest in mining and went from position 42 (of 84) in 2021 to 34 (of 62) in 2022, displacing Chile, which is now ranked 35, according to the 2022 Annual Survey of Mining Companies of the Fraser Institute from Canada.
In 2020, the result of our country was similar, but in 2019 it was in position 24. While in 2018, it was ranked 14 out of 83 countries evaluated.
In the latest edition of the study prepared by the Canadian institute, which collects information after interviewing almost 2,000 investors from around the world, it was detailed that this result occurs despite having decreased the country’s score by almost one point in the attraction index of investments.
“On politics alone, Peru dropped its score by more than 12 points and this year ranks 49 out of 62. Respondents expressed concern about the country’s availability of job skills (+21 points), its tax regime (+18 points ) and uncertainty over disputed land claims (+18 points). In addition, all respondents expressed concern about Peru’s political stability,” the report said.
For his part, the president of a production company with more than US$50 million said that “the general lack of respect for property rights and the rule of law makes operating in Peru a very risky proposition.”
Latin America and the Caribbean
Meanwhile, Chile’s Investment Attraction Index fell from 31st (out of 84) in 2021 to 35th (out of 62) in 2022. In politics alone, this year, Chile ranks 38th (out of 62) and experienced a 22-point decrease in his policy score.
“Miners expressed greater concern about their infrastructure (+42 points), their political stability (+22 points) and the availability of job skills (+12 points),” the study mentioned.
Likewise, Brazil experienced the largest increase in its policy score (+15 points) and rose from 68 (of 84) to 29 (of 62). Miners indicated less concern about uncertainty regarding areas (-69 points), socioeconomic agreements and community development conditions (-51 points), and trade barriers (-56 points).
Overall, in Latin America and the Caribbean Basin, the median investment attractiveness score increased by 4.31 points and is now the fifth least attractive region for mining investment globally. The region also saw a 7.5 point decline from 2021 in its policy perception score.
Source: Larepublica
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