The Energy Reform law of Mexico was instituted in 2012 and opened the country to outside financial investment in the petroleum and natural gas industry. Prior to 1936 the country had been open to external investment. Bidding for potential leases began with off shore areas and will proceed landward. Data packages are available for a price before bidding; however, the external industry has very little knowledge of Mexican geology with respect to hydrocarbon resources. Thus, part of this initiative by CEGS is to provide access to some of this knowledge. Accompanying this are pdf s of relevant literature and links to more.
Peru, Great Mining Country
Peru, a country of 31.5 million people, is one of the Latin America’s fastest-growing economies. It has rich deposits of copper, gold, silver, lead, zinc natural gas and petroleum. Abundant mineral resources are found mainly in the mountainous areas. Peru is considered one of the top ten richest mineral countries in the world. Currently, it is the second producer of copper and stands among the top four producers for silver, lead, zinc and molybdenum the world
The success of Peru’s mining sector stems not only from an abundance of natural resources but also because the Peruvian government guarantees foreign investors legal stability on income tax regulations and dividend distributions. Peruvian laws, regulations, and practices do not discriminate between national and foreign companies. Accordingly, national treatment is offered to foreign investors.
Selecting Peru as an early target market offers a long term opportunity for growing your international mining strategy.
It is estimated that Peru has 200 operating mines and a pile of major projects waiting to be developed worth $ 46.4 billion. China is the largest foreign investor, followed by United States, Canada and Australia
Peru has an excellent geological potential with numerous mineralized belts and mineral provinces, a wide variety of world class ore deposits and has an excellent geographical location with easy access to Asia and North American markets. It is that Peru has the capacity to double or triple its current of minerals output specially in base metals.
As in many developing countries, achieving a social license to operate is the single most important challenge that the mining industry faces in Peru. In recent years Peru has seen a number highly publicized mega projects being postponed over environmental or community concerns, strikes and anti-mining protests, including the US$ 4.8 billion Conga project, Tia Maria (SPCC), Rio Blanco (Zijin), Cañariaco (Candente Copper).
Mining Projects Pipeline
Mining investment over the period 2016 – 2021 is estimated by Peru’s Mininstry of Energy and Mines to be $ 46.4 billion. About $ 28.3 billion (60.9%) will be invested in copper projects, with iron ore (11.4%) and gold (4.16%) set for much of the rest. The following figure and chart show which are the projects involved, distinguishing between “expansions” of exixting operations; projects under construction for which “investment is confirmed”; projects “ for which feasibility studies have been carried out” and “exploration project”
Sources and important websites
· Peru’s mining & metals investment guide 2017/2018
· Ministry of Energy and Mines (Peru)