Peru Mining Sector Diagnostic
The facts and events that have shaped the strengths of the Peruvian mining industry are well established. Private mining investment has flowed in during the last decade, making Peru the second most popular destination for mining investment in Latin...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/448141632473923087/Peru-Mining-Sector-Diagnostic http://hdl.handle.net/10986/36359 |
| Summary: | The facts and events that have shaped
the strengths of the Peruvian mining industry are well
established. Private mining investment has flowed in during
the last decade, making Peru the second most popular
destination for mining investment in Latin America. Peru has
increased its annual copper production five times from
approximately half a million to two and a half million
metric tons of fine copper, moving from being only a major
producer of gold to becoming also the second largest
producer of copper in the world. The mining sector needs to
create the necessary conditions, within a context of social
legitimacy, to move forward successfully with the
development of an extensive mining project pipeline. The
country now faces the challenge of improving the sector’s
policies and management to guarantee its long-term
contribution to the country’s sustainable development. The
government also faces the major challenge of artisanal and
small-scale mining formalization and elimination of illegal
mining, which has destroyed Amazon jungle with mercury,
especially in the Amazonian Madre de Dios region. The Mining
Sector Diagnostic (MSD) is a tool that the World Bank has
developed to analyze the rules and policies that exist in
the mining sector and the gap between these rules and their
implementation in practice. It reviews sector performance
from the perspective of the three main stakeholder groups ,
and analyzes their priorities to improve mining sector performance. |
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