For the second consecutive year, the private investment in Peru it would have a fall of 0.5% at the end of 2023, a figure similar to that registered during 2022. This was announced by the Central Reserve Bank of Peru (BCRP), which revised its projection downward on the performance of this indicator. In its previous […]
Tag: mining
Mining: half of exploration investments are in the environmental management stage
Encouraging outlook. He Ministry of Energy and Mines (Minem) published the new edition of the 2023 Mining Exploration Project Portfolio, made up of 74 exploration projects in 17 departments of Peru. All, with a global investment of US$596 million. The document, presented through the General Directorate of Mining Promotion and Sustainability, states that 30 of […]
Minister Alex Contreras: “A shock is coming to eliminate mining permits”
The Minister of Economy and Finance, Alex Contrerasinformed that the Peruvian Government will seek to expedite and reduce procedures for mining exploration and exploitation, according to the conclusions obtained during the most important mining convention in the world, PDAC 2023, organized in Canada. In a dialogue with Radio Nacional, the head of the MEF stated […]
MEF proposes changes to the organization and functions of the Fiscal Council
He Ministry of Economy and Finance (MEF) established changes for the organization and operation of the Fiscal Council, an autonomous and technical commission of the public sector that strengthens the transparency and institutionality of public finances. Through Supreme Decree No. 037-2023-EF, the Peruvian Government provides that the Fiscal Council be made up of five members […]
Economy returned to the negative tranche after two years
During January of this year, national production contracted 1.12%, the first negative figure after 22 months, according to the monthly report of the National Institute of Statistics and Informatics (INEI). Economic activity was affected in the first month of 2023 by the fall in sectors such as construction (-11.70%), telecommunications and others (-9.26%), financial and […]
Peruvian exports would grow only 2.8%, but would exceed US$64.9 billion in 2023
The peruvian exports totals, after having advanced 3.7% last year, will slow down and grow only 2.8% during 2023. However, will reach the record figure of US$64.941 million driven by the positive performance, which is expected, will be the economies of countries such as China and the United States, as well as by the recovery […]
BCRP: exports fell 14.5% in January due to lower shipments of mining products
During the first month of 2023, Peruvian exports reached US$4,695 million, which represents a 14.5% drop compared to January last year, when they totaled US$5,492 million, as reported by the Central Reserve Bank of Peru ( BCRP). This negative result is due to lower volumes of traditional products such as copper, gold, zinc and hydrocarbons. […]
BCRP: social protests would have impacted GDP in February by two percentage points
Because the social protests during the second month of the year they occurred to a lesser extent than in the previous months, the economic blow in Peru has also been reduced. According to the Central Reserve Bank of Peru (BCRP), the impact on the Gross Domestic Product (GDP) for February would be around two percentage […]
Fitch Ratings: mining companies in Peru are solid despite protests and blockades
Fitch Ratings reported that the mining and metal companies that operate in Peru, despite the social unrest and blockades in some sections, have solid liquidity and are able to make deliveries, reducing credit risk. Through a multi-sector analysis, they determined that while a handful of companies are more exposed, the impact on cash flows is […]
Minera will pay more than US$ 390 million for 2022 royalties to Panama
The subsidiary of the Canadian First Quantum will pay more than US$ 390 million in royalties corresponding to 2022 to the Panamanian State for the exploitation of a large copper mine, in retroactive application of the new concession contract announced on Wednesday by the parties, reported Thursday the Government of Panama. The company Minera Panama […]