Abstract
Peru is located in the western part of South America, with Ecuador and Colombia to the north, Brazil and Bolivia to the east, Chile to the south and the Pacific Ocean to the west. The Andean metallogenic belt throughout the country, has excellent ore-forming conditions and rich mineral resources. It is one of the 12th largest mineral producing countries in the world, and its total mineral resources ranks seventh in the world. Mining occupies an important position in Peru’s economy. The main minerals are copper, silver, zinc, tin, gold, iron, tungsten, tantalum, lead. The reserves of copper, silver, zinc and tin are among the top in the world. In recent years, global mineral prices continued to run low, Peru’s mining enterprises capital chain tight and operational difficulties, in order to get rid of the mining industry downturn, the Peruvian government has issued a series of tax policies and preferential measures, provide opportunities for foreign enterprises to enter Peru’s mining market. The author collected and collated relevant data through field trips, the main research is based on Peru's mining management department, mining management system, classification and application of mining rights, land and mining taxes and fees, and a preliminary analysis of the country's mining market. Before entering the mining market in Peru, suggested companies should take advantage of our strengths, select own familiar ways of cooperation, comprehensive investigate cooperative partners, and pay attention to avoid risks.
Highlights
Peru has excellent mineralization geological conditions, high degree of geological work, and rich mineral resources
Applicants need to provide for basic information on the company and the project, enclosing proof of having presented the DGAAM with a copy of the Environmental Impact Assessment (EIA), a Water Use Authorization, a Sworn Statement of Prior Commitment, agreements evidencing having the surface rights for the project area and proofs of payment of the Mining Good Standing Fee corresponding to the first year and the Proceeding Fee, which is equivalent to 20% of one UIT [2, 5, 6]. ii
The legislation on Mine Closure has the objective of preventing, minimizing and controlling the risks to and effects on health, personal safety, the environment and property that could derive from the closing of a mining unit’s operations [6]. This Plan must be presented to the Ministry of Energy and Mines (MINEM) for its approval within a maximum term of one year starting from the approval of the EIA
Summary
Peru has excellent mineralization geological conditions, high degree of geological work, and rich mineral resources. In 2015, exports of mineral and petrochemical products reached US$ 21 billion, accounting for about 62% of total exports. The number of people directly engaged in mining activities reached 197,000, and the mineral and energy industries contributed 13% of Peru's GDP and 23% of fiscal revenue [1, 2]. Foreign companies are playing an increasingly important role in the development of Peru ’s mining industry. Especially for non-Spanish countries are not very clear about the relevant procedures, laws, taxes, and preferential policies for investing in Peruvian mining. The research in this article integrates mining related information, which is beneficial for mining companies in these countries to invest in Peru
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