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Peru Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026

Publisher GlobalData
Published Jun 10, 2022
Length 42 Pages
SKU # GBDT17311523

Description

Peru Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026

Summary

GlobalData's Peru Copper Mining to 2026 provides a comprehensive coverage on the Peruvian copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.

Peru has the world’s third largest copper reserves in the world after Peru and Australia, with 77 million tonnes (Mt), equivalent to 8.8% of the global total as of January 2022. After witnessing a significant fall in 2020 owing to the pandemic-related restrictions, Peru’s copper mine production recovered by 6.9% to 2,299.3Kt in 2021, as mining companies gradually started to operate at pre-COVID levels, which was supported by increasing copper prices.Despite these suspensions, in 2022, the country’s copper production is forecast to increase by 4.8%, to reach 2.3Mt, before rising to 3.1Mt by 2026 – a CAGR of 6.3% over the forecast period (2022-2026). Overall, production will be largely supported by production from the existing portfolio of operating mines including, Antamina, Cerro Verde and Las Bambas (subject to the resumption in mining activities soon), which is expected to contribute for up to 50% of the growth over the forecast period.

Scope
  • The report contains an overview of the Peru copper mining industry including key demand driving factors affecting the Peru copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.
Reasons to Buy
  • Comprehensive evaluation of the impact of COVID-19 on Peruvian copper industry
  • To gain an understanding of the Peruvian copper mining industry, relevant driving factors
  • To understand historical and forecast trend on Peruvian copper production
  • To identify key players in the Peruvian copper mining industry
  • To identify major active, exploration and development projects in Peru

Table of Contents

42 Pages
1 Executive Summary
2 Reserves, Production and Prices
2.1 Copper Reserves by Country
2.2 Copper Production
Production by company
2.3 Copper Prices
3 Copper Assets
3.1 Active Mines
3.2 Development Projects
3.3 Exploration Projects
4 Demand
4.1 Consumption and Exports
4.2 Demand drivers
China’s construction industry
Demand from EV market
5 Major Copper Producers
5.1 Glencore Plc
5.2 Freeport-McMoRan
5.3 Grupo Mexico SAB de CV
6 Fiscal regime
6.1 Classification of Mining Activities in Peru
6.2 Governing Bodies
Ministry of Energy and Mines (MINEM)
Geological Mining and Metallurgical Institute
Ministry of Environment (MINAM)
Supervisory Organization of Investment in Energy and Mining (OSINERGMIN)
Organization of Supervision and Environmental Assessment
National Superintendence of Labor Inspection (SUNAFIL)
6.3 Laws and Regulations
General Mining Law
Mining Canon Law
Law Regulating Environmental Liabilities of Mining
General Law of the Environment
Mining Rights and Fees
New Merger Control Regime
6.4 Taxes and Royalties
Corporate Income Tax
Tax Loss Relief
Tax on Capital Gains
Capital Allowances
Business Expenses
Tax Depreciation
Modified Mining Royalty (MMR)
Special Mining Tax (SMT)
Special Mining Burden (SMB)
Value-Added Tax (VAT)
Withholding Taxes
Dividends
Interests
Royalties
Tax Incentives
Under the Foreign and Private Investment Legislation
Under the General Mining Law:
Tax Treaties
7 Appendix
7.1 Abbreviations
7.2 Methodology
7.3 Coverage
7.4 Secondary Research
7.5 Development Likelihood
List of Tables
Table 1: Copper reserves by country (thousand tonnes), January 2022
Table 2: Copper mine production in Peru (thousand tonnes), 2006–2026
Table 3: Copper production by company’s Peruvian operations (thousand tonnes), 2020-2021
Table 4: Global copper prices, quarterly ($/tonne), 2015 - 2022
Table 5: Active mines, 2022
Table 6: Development projects, 2022
Table 7: Exploration projects, 2022
Table 8: Historical and forecast copper consumption and exports (thousand tonnes), 2016–2026
Table 9: Glencore Plc., major projects, 2022
Table 10: Freeport-McMoRan Inc., major projects, 2022
Table 11: Grupo Mexico, major projects, 2022
Table 12: Classification of mining activities in Peru
Table 13: Mining Rights
Table 14: Concession Fees, 2022
Table 15: Peru’s Mining Fiscal Regime – Maximum Depreciation Rates under General Tax Rule, 2022
List of Figures
Figure 1: Copper reserves by country (thousand tonnes), 2019–2022
Figure 2: Copper reserves by country (%), January 2022
Figure 3: Historical and forecast copper mine production (thousand tonnes), 2006–2026
Figure 4: Global copper prices, quarterly ($/tonne), 2015 – 2022
Figure 5: Exports of copper ores and concentrates consumption (thousand tonnes), 2016-2026
Figure 6: Exports by Country (%), 2021
Figure 7: Global copper demand by end use (%), 2021
Figure 8: Construction Output Value (Real, $ 2017 Billion), 2006–2026
Figure 9: EVs production (thousand units), 2016–2036

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