(MENAFNEditorial)
Peru's mining industry value will see average annual growth of 3.4% in 2015-2018 reaching USD21.4bn. Both domestic and international firms will continue to develop projects presenting promising growth opportunities for miners of a wide array of minerals despite ongoing conflicts with local communities.
Peru's mining sector will see continued development on account of its significant untapped reserves and open investment framework. The Peruvian government estimates current mining investment pipelines through 2020 to total nearly USD57bn although continued protests by local communities are likely to cause project delays and increase costs. Peru will still remain a significant global producer of several base and precious metals and we expect continued diversification as miners explore and develop new deposits. Copper projects accounting for the largest proportion of new mine projects and expansions. The sector is dominated by global copper mining majors including Southern Copper (a division of Grupo México) Freeport McMoRan and Glencore Xstrata which are boosting output by both expanding existing operations and undertaking new investment projects.
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President Ollanta Humala will continue pursuing moderate policies seeking to attract foreign investment while increasing social spending and implementing more accommodative policies towards Peruvian citizens and interest groups opposed to mining development. The tax code remains competitive particularly in light of Mexican mining royalties imposed at the start of 2014. Peru and Mexico produce many of the same metals which may give Peru a relative advantage in the coming years as indicated by miners such as Grupo México and Goldcorp. Moreover the government in July 2014 reduced environmental regulations surrounding mining projects in an effort to spur investment into the sector at a time of weakening mining exports.
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The Peru Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals minerals and gems covering all major indicators including reserves production exports and values. The report also analyses trends and prospects national and multinational companies and changes in the regulatory environment.
BMI's Peru Mining Report provides industry strategists service companies company analysts and consultants government departments trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Peru.
Key Benefits
* Use BMI's independent industry forecasts on Peru to test other views - a key input for successful budgeting and planning in this mining market.
* Target business opportunities and risks in Peru's mining sector through our reviews of latest mining industry trends regulatory changes and major deals projects and investments in Peru.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity) Key Projects Tables and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI's key forecasts and industry analysis covering mining reserves supply demand and prices plus analysis of landmark company developments and key changes in the regulatory environment.
Business Environment Rankings
BMI's Mining Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (mining companies and support service providers) in the regional mining market. The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry rankings products.
Key Projects
Details and analysis of all current and planned developments (new ventures capacity expansion and other investments) across the sector broken down by metal/ore.
BMI Industry Forecasts
Historic data series (2009-2012) and forecasts to end-2018 for all key industry and economic indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast. Indicators include:
* Mining Industry: Industry size (US$mn) real growth (%) % of GDP employment ('000) workforce as % of total workforce average wage (US$).
* Output:Production volumes ('000 tonnes carats etc.) for all major metals minerals ores and gems mined in each state including bauxite copper gold coal lead silver tin titanium uranium zinc etc.
* Exports: Value of exports (US$mn) for all major metals minerals ores and gems mined in each state .
* Commodity Markets: Global demand supply stocks and benchmark prices (US$) for aluminium copper lead nickel tin zinc gold and steel.
BMI Macroeconomic Forecasts
BMI forecasts to end-2018 for all headline macroeconomic indicators including real GDP growth (%) inflation (%) fiscal balance (% of GDP) trade balance (US$bn) current account (US$bn) and external debt (US$bn).
Competitive Landscape Tables & Analysis
Comparative company analyses and tables detailing by US$ sales % share of total sales number of employees year established market cap/NAV ownership structure production and % market share.
Company Profiles
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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