📋 Tender Overview
The geological potential of Peru is based on its complex geological history which together with its unbeatable geographical location created a favorable context for the generation of more than one type of world-class deposit such as gold base metals such as copper and others. commodities which is enhanced by a system that allows free access to clear and accurate updated geoscientific information which together with a safe accessible and reliable mining cadastral geographic guide for the general public accompanied by a transparent policy on issues Socio-environmental factors make Peru an attractive country for mining investment.The Mining Competitiveness Indicator ICM prepared by Macroconsult the law firm Philippi Prietocarrizosa Ferrero DU Ura and a team of professionals places Peru in third place with regard to Geological Potential. The ICM is based on 5 pillars that are Geological Potential Tax Policies Infrastructure Institutions and Regulation finally the Social Environment.In turn the ICM defines the Geological potential based on the following indicesProduction and reserves of the 10 main commodities gold copper zinc silver lead iron aluminum bauxite coal platinum nickel and cobalt in which Peru stands out in the first 6. Years to depletion this index is based on the given ratio between reserves and production that approximates the temporary sustainability of current production.Fraser Index a tool whose objective is to show a ranking of the level of investment attraction for mining destinations based on the perception of the main players in the world mining sector in which Peru Chile and Mexico top the list. Investment in exploration given by the world percentage of investment in exploration that each country invested according to SP Global Market Intelligence in which Canada and Australia are the recipient countries with the highest percentage of exploration budget doubling that invested countries like Peru and Chile.Peru is the first gold producer in South America and sixth in the world with a production of 128.41 TMF and ranks second in reserves worldwide with 2456 TMF. Regarding silver Peru ranks second in the world in production and first in Latin America in reserves with a production of 3860 TMF and a reserve of 83077 TMF silver. With regard to copper production was 2.46 million tons and its reserves reach 92 million tons. In this way Peru is positioned second in the world in production and reserves. On the other hand the annual production of zinc for 2019 was 1.40 MTMF and reserves of 20MTMF thus achieving that Peru reaches second place in the world and first in Latin America in production and occupies second place in reserves at the level of Latin America.Regarding exploration the role of INGEMMET is to administer the mining cadastre generate and provide quality geoscientific information for the general public mining companies and national institutions and that encourages mining investment in the country with transparency promptness and legal security. For this it has the System of Mining Rights and Cadastre SIDEMCAT and a GEOCATMIN platform for processing and disseminating geoscientific information.
