Peru Mining Report Q4 2012

  • ID: 2254727
  • October 2012
  • Region: Peru
  • 80 pages
  • Business Monitor International
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The Peru Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Peru's mining industry.

We maintain our view that Peru's mining sector will grow steadily over our forecast period, driven primarily by investment into copper and gold mining projects. We forecast Peru's mining sector to grow by 4.2% in 2012, reaching a value of US$18.7bn. With a large number of projects in early development and construction phases, the sector presents promising growth opportunities for miners of a wide array of minerals. Peru is a globally significant producer of several base and precious metals and we expect this mineral diversification to benefit miners exploring for and developing new deposits.

With one of the strongest project pipelines in the Americas region, copper projects account for the largest proportion of new mine projects and expansions in Peru. The sector is dominated by global copper mining majors including Southern Copper, Freeport McMoRan and Xstrata, which are currently seeking to boost output through expanding existing READ MORE >

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Executive Summary 5

SWOT Analysis 8

Peru Business Environment SWOT 8

Global Mining Outlook 9
Table: Recent Tax Increases 12
Table: Largest Coal Projects 14
Table: Major Frontier Mining Projects 15

Americas Mining Sector Outlook 16
Table: Key Central America And Caribbean Mining Projects 18

Market Overview 21

Rising Opposition A Threat To Large Investment 21
Table: Peru – Planned Mining Projects 24
Table: Peru – Mining Industry Value & Production 26

Industry Forecasts 27

Copper: Growth Despite Environmental Concerns 27
Table: Peru – Major Copper Projects 28
Table: Peru – Copper Production 30

Silver: Diversified Sector To Continue Growth 31
Table: Peru – Silver Production 33

Tin: Minsur Mine Back To Full Capacity 34
Table: Peru – Tin Production 35

Zinc: Antamina To Dominate Production 36
Table: Peru – Key Expansion Plans 38
Table: Peru – Zinc Production 38

Regulatory Structure 39

Americas Business Environment Ratings 41
Table: Americas Mining Risk/Reward Ratings 42

Competitive Landscape 45
Table: Selected Mining Companies – Operating Statistics, 2011 (US$mn) 46

Company Profiles 47

Minsur SA 47

Financial Data 50
Table: Minsur – Key Financial Data 50

Grupo México 51

Financial Data 54
Table: Grupo Mexico – Financial Data 54

Xstrata 55
Table: Xstrata – Financial Data 58

First Quantum 59
Table: First Quantum – Financial Data 62

Peru Mining Report Q4 2012

© Business Monitor International Ltd

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Commodity Strategy 63

Monthly Metals Update 63

Aluminium: Support At US$1,800/tonne Likely To Hold 64

Copper: Relative Outperformer But Still Weak 66

Iron Ore: Don't Bet On A Sustainable Recovery 68

Lead: Potential For Short-Term Rally 70

Nickel: No Turnaround Coming 71

Steel: More Pain Ahead 72

Tin To Outperform 73

Zinc: Little Room For Optimism 75
Table: Select Commodities – Performance & BMI Forecasts 76

Business Environment Ratings Methodology 77
Table: Mining Business Environment Indicators 78
Table: Weighting Of Components 79

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