Saturday, June 3, 2023

Peru rose from 42nd to 34th place in the ranking of the most attractive countries for mining investment.

According to Mining Company Survey 2022published today in Canada, Peru dropped a point in there more investment index (from 61.64 to 60.68) but up eight steps.

MIRA: Peru continues to fall in the global ranking of mining competitiveness, falling from position 34 to 42.

This is due to the fact that the sample of evaluated countries has been reduced from 84 to 62 and, also, because several of our closest competitors in Latin America have lagged behind in their scores, as is the case in Chile, Colombia and Mexicowhich was ahead of us until 2021.

Gonzalo Tamayo, former Minister of Energy and Mineswarns that the most important thing about the survey published by Fraser is that Peru’s most investment index fell a bit (to 60.68 points), which confirms “continuation of negative trends in recent years“.

Peru, in fact, is in the middle of the table of Fraser’s world ranking, in which there are extremes Nevada (1°) y Zimbabwe (62°).

And the same thing happens at the level of Latin America, where we now occupy the position of sixth, first San Juan (Argentina), Guyana, Brazil, Ecuador y Santa Cruz (Argentina).

Fraser also points to the fall of Peru in the political perception indexwhich dropped from 46.28 to 33.84 points, but it did not prevent us from rising in the comparative ranking, from position 69 to 49.

Peru surpassed Chile, Colombia and Mexico in the ranking of the most attractive countries for investment in mineral exploration in Latin America.


At a breakdown level, it is worth noting the remarkable improvement there mine potential index, which reflects the geology of Peru. There we rose seven points and rose from position 24 to position 17 in the general ranking.

On the contrary, Fraser’s survey reveals the great shortcomings of our country in regulatory and socio-environmental aspects, such as land use claimswhere we ranked 60th, the penultimate place.

Negotiations for access to land and for the prior consultation process take longer than average (in Peru compared to other countries). And this is a disincentive for investment“, notes a former Fraser mining executive quoted.

And the same goes for there political stability (59°), there tax regime (59°) and the labor regulation (55°) which occupies the bottom of the table.

The total lack of respect for property rights and principles of authority make Peru a very risky place to operate“, warns, in this regard, another executive.

The 2022 survey of mining companies was answered by executives from 1,966 companies in the mining sector, dedicated to the exploration and development of projects. This is between August 23 and December 30, 2022.

World Nation News Desk
World Nation News Desk
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