The Executive Power, within the framework of Law No. 31696 that allows it to legislate on economic reactivation and modernization of State management, promulgated Legislative Decree No. 1552 that modifies the Law on General Sales Tax and Selective Consumption Tax. The norm, published today in El Peruano, provides export tax treatment to mining producers in […]
Tag: mining
Peru displaces Chile as the most attractive country to invest in mining
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 […]
“Copper price will trade at $5 a pound next year”
What has been the economic impact of social conflicts for mining?––We must define if it is about social conflict or if it is confused with a political conflict. This is clearly political in nature and this has hindered mining operations. At a global level, before we made 7% of the copper production, now we make […]
Chile: State lithium plan emerges as test for resource nationalism
The speech of the Chilean president, gabriel boriclast week to seek greater state control over the lithium looms as the latest test for the resource nationalism embraced by the rising left in Latin Americabut which has proven difficult to implement in practice. While the former student protest leader’s proposal to give the state a majority […]
Trujillo: guarantee legal framework for mining investment
The need to have a legal framework to guarantee investments in our country, and the experience of the mining sector in working on prevention programs against natural emergencies, were two of the topics that focused the attention of the second day of exhibitions of the XIV National Mining Congress (Conamin) 2023, which takes place in […]
Roque Benavides: “We were received by Minem in a way we hadn’t been for a long time”
Roque Benavidesexecutive president of Compañía de Minas Buenaventura, recognized the work that the Minister of Energy and Mines, Oscar Vera Gargurevich, is doing to regain the confidence of the country’s extractive industries, beginning with mining. During his speech at Conamin 2023, organized in Trujillo, engineer Benavides recalled the meeting held a few days ago with […]
Minem and the main mining companies in Peru agree on objectives to reactivate the sector
The Minister of Energy and Mines, oscar veramet this week with executives of the main mining companies operating in Peru, reaffirming the Government’s commitment to increase mining investments and generate benefits for the country. After the meeting, the head of Minem stated that a “good moment” has returned with businessmen in the mining sector. In […]
Moody’s warns of risks for the mining industry in Mexico due to reforms
The agency Moody’s warned this Monday of risks for the mining industry in Mexico due to the reforms promoted by the president, Andres Manuel Lopez Obradorto restrict concessions. “If approved as proposed, the changes will be credit negative for the mining sector, which would increase the regulatory burden on producers and raise the risk of […]
Mining: fall in the first quarter would be amortized with a new portfolio
The Ministry of Energy and Mines (Minem) highlighted that, after a series of meetings with businessmen in the sector, Several mining companies operating today in the country plan to advance the processes to extend the useful life of its mines, which would stop the drop in investment expected this year after the delivery of quallaveco. […]
Mergers and acquisitions of companies in Argentina grew in 2022
Argentina registered 91 mergers and acquisitions operations of companies last year, the highest number since 2018, for a volume calculated at 4,229 million dollars, according to a report released this Monday by the firm KPMG. This increase in operations in 2022 -23 more than in 2021- was due to a strong boost from mergers and […]