The International Monetary Fund (IMF) presented this week its preliminary report on the Peruvian disc regime, one of the points evaluated being mining tax regime. In this regard, the IMF highlighted that the current regime is progressive based on a profit-based scheme, a characteristic that the Fund considers important to maintain Peru’s competitiveness as a […]
Tag: mining
Fishing sector drags negative figures for the fifth consecutive month
According to the technical report Conjunctural Advancement of the Economic Activity of the INEI, the production of the fishing sector fell to -33.15% during October of this year compared to the same period in 2020, thus reaching its fifth consecutive month with negative figures. This is due to the reduction in fishing of maritime origin […]
Changes in the mining tax regime against time
After it was approved last week in the Plenary of the Congress of the republic Almost unanimously the public budget for fiscal year 2022, thanks to a constant dialogue between the Executive and Legislative, the Ministry of Economy and Finance (MEF) will seek to replicate this joint work to get Parliament to grant the Government […]
Oil companies paid more than US $ 899 million in royalties until October of this year
The National Society of Mining, Oil and Energy (SNMPE) reported that between January and October of this year, companies that work in the hydrocarbon sector paid a total of US $ 899 million 700 thousand to the Peruvian State for royalties. This figure represented a growth of 140% compared to the US $ 375 million […]
The hidden face behind the payment of mining debts
So far this year, three large companies in the mining sector have paid their debts with the State, totaling approximately S / 4,000 million. In detail, the Buenaventura mining company canceled a debt for more than S / 2,314 million, followed by Cerro Verde with S / 1,040 million and MMG Limited (Las Bambas parent […]
Seven mining projects would begin construction next year
The Ministry of Energy and Mines (Minem) reported that Peru has a portfolio with 43 mine construction projects, whose global investment amounts to US $ 53,168 million. To detail, 35 projects are going to start construction of mines (greenfield), while the remaining eight projects seek expansion or replacement of existing mines (brownfield). In addition, there […]
There are 43 mining projects in the portfolio for an investment of more than US $ 53,000 million
The Ministry of Energy and Mines (Minem) presented the Portfolio of Mine Construction Projects 2021 and detailed that there are 43 projects that represent a joint investment of US $ 53,168 million, which are located in 17 regions of the national territory. From this portfolio, 35 projects correspond to new mines (greenfield) for a joint […]
Pedro Francke: “There was a misunderstanding about the closure of four mines”
The Minister of Economy and Finance, Pedro Francke, acknowledged that there was a misunderstanding from the PCM regarding the closure of four mines in Ayacucho, where Prime Minister Mirtha Vásquez announced an accompaniment process to evaluate its continuity. In dialogue with RPP Noticias, the head of the MEF considered that the message sent to civil […]
South Peruvian economy flies low according to IPE report
With contribution from the IPE Despite the fact that some indicators indicate that the national economic activity is normalizing, the economy of the south of the country, in the first half of 2021, contracted by 3.3%. This report corresponds to an analysis carried out by the Peruvian Institute of Economics (Ipe) in the regions of […]
Government rules out unilateral mine closure
Continuing with the dialogue between the Executive Power and the mining sector, the Vice Minister of Mines, Jorge Chavez, and representatives of the Presidency of the Council of Ministers (PCM) met yesterday with the companies Compañía Minera Ares (Hochschild Mining Group), Sami and Apumayo to discuss the situation of the Pallancata, Inmaculada, Breapampa and Apumayo […]