The Central Reserve Bank of Peru (BCRP) estimates that the economy will end this year at 3.1%, and this journey—which has an upward bias—seems auspicious. The Ministry of Economy and Finance (MEF) shares this projection. In May alone, GDP is believed to have grown by around 5%, driven by the strong recovery of the primary […]
Tag: mining
“Aunt Maria is going?”, by José De Echave
This week, the mining project Aunt Maria was back on the front page. Surprisingly, an internal company memo announcing “the resumption of activities in the Tía María project on July 1, 2024” was leaked on social media and in the press. It should be noted that, in the long history of conflicts against mining projects […]
The effect of the restart of Tía María on the local mining project portfolio
Following up on the announcement by Raúl Jacob, vice president of finance at Southern Perú Copper Corporation, Tía María has resumed operations in Peru with a view to turning the company into one of the most important copper producers (a metal currently quoted at over US$4.4 per pound) in the region and the world. But […]
Julio Velarde: Tia Maria will impact GDP starting in 2025
The BCRP president says that the reactivation of the mining project will improve investor confidence. However, the Southern operation does not have the full acceptance of Valle del Tambo. Join the Whatsapp channel The confirmation of Southern Peru’s activities in Tía María is good news for the local economy, according to Julio Velarde, president of […]
Single Window for mining begins its second stage of administrative simplification
The Vice Minister of Mines, Henry Luna Córdova, said that among the challenges to execute mining investments is to improve the paperwork, for which 10 State institutions have been integrated to open a Digital Single Window (VUD) that will soon be at the service of all investors. Luna Córdova specified that in a single portal […]
The importance of mining investments in Peru will be addressed at the UNMSM
Non-conventional clean energies will also be discussed, such as wind and solar, the replacement of the vehicle fleet with petroleum-derived fuels with electric cars, among other relevant topics. Join the WhatsApp channel The Universidad Nacional Mayor de San Marcos (UNMS), for the 149th anniversary of the creation of the Faculty of Economic Sciences, will hold […]
Peruvian exports fell 10.4% in April
Peruvian shipments totaled US$4,781 million in April, representing a drop of 10.4% compared to the same month in 2023, where US$5,333 million were recorded. The reduction in traditional (-9.9%) and non-traditional (-11.7%) shipments would explain this contraction, according to the latest report from the Global Economy and Business Research Center of the CIEN-ADEX Exporters Association. […]
President of the BCR, Julio Velarde: “We have mining potential, but we have become complicated in procedures”
During the XV International Mining Meeting symposium, the president of the BCRP, Julio Velarde, addressed the difficulties faced by the mining industry in Peru. Velarde pointed out that, despite the country’s great mining potential, the creation of new institutions has increased the amount of administrative procedures, which complicates investment in the sector. He also highlighted […]
Second BHP proposal, now for US$43 billion, was rejected by Anglo American
The offer continued to call for the sale of shares in mineral assets in South Africa. Join the WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Tuesday, May 14 The MEF proposes subsidizing pensions if more AFP withdrawals are not approved The British company Anglo American rejected […]
Copper: new record prices do not guarantee more investment
This week, the international price of copper, Peru’s main export metal, broke the barrier of US$4.50 per pound, and returned to historical levels that it had not reached since 2022. However, this scenario does not guarantee greater investments local level, due to factors outside the activity itself that cloud its development and prospection. Discounting the […]