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Copper mining in Peru: Forecasts and expectations

Copper mining in Peru: Forecasts and expectations

Peru has ambitious plans for mining, especially regarding copper. The country's energy and mines ministry (MEM) estimates that production of the metal will reach a total 4.66 million tonnes (Mt) in 2014, almost four times the 1.23Mt that Peruvian mines churned out in 2011. Propping up these healthy projections is a well-stocked portfolio of copper projects involving investments of US$35 billion that include both new operations and expansions of existing facilities, and which involve investments of some US$35.43 billion, according to MEM figures as of September this year. Nevertheless, the optimistic projections of authorities are not being fulfilled. In this report we examine the outlook for Peruvian copper production and review the projects with the best perspectives and those facing difficulties, as well as their impact on copper output.


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Peru has ambitious plans for mining, especially regarding copper. The country's energy and mines ministry (MEM) estimates that production of the metal will reach a total 4.66 million tonnes (Mt) in 2014, almost four times the 1.23Mt that Peruvian mines churned out in 2011. Propping up these healthy projections is a well-stocked portfolio of copper projects involving investments of US$35 billion that include both new operations and expansions of existing facilities, and which involve investments of some US$35.43 billion, according to MEM figures as of September this year. Nevertheless, the optimistic projections of authorities are not being fulfilled. In this report we examine the outlook for Peruvian copper production and review the projects with the best perspectives and those facing difficulties, as well as their impact on copper output.

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