Peru Still An Attractive Destination for Mining Investment
This month (March 2016), a Peruvian delegation participated in the annual Prospectors and Developers Association of Canada (PDAC) convention held in Toronto-Canada, where it highlighted the qualities of Peru as an attractive destination for international mining investment. This is the most important mining event in the world in which business and investment opportunities in mining are identified, and where countries seeking to encourage this sector in their economies are promoted. This event involves more than 500 investment firms and receives approximately 25,000 visitors from 116 countries.
Peru – An Attractive Jurisdiction for Mining Investment
The participation of the Peruvian Government representatives (Deputy Minister of Mines; Mr. Guillermo Shinno) and the Private Sector representatives were considered the third largest mining delegation attending the convention. “This year, our motto was: ‘Peru, a mining country with competitive advantages’ because despite the difficult situation in which the global mining finds itself, Peru is highly competitive due to its abundance in geology, costs of production, economic stability in addition to the experience and ability of our local suppliers”, explained Mr. Jorge Leon Benavides, Director of the Chamber of Commerce Canada-Peru (CCCP).
Peru Day, as part of the program prepared for this event, addressed the following subject matters:
The competitive advantages offered by Peru in extracting metals, such as copper, silver, gold and other minerals, including phosphate.
The efforts to promote the mining sector by the Peruvian Government.
The amazing geology of Peru and the mechanisms that facilitate private investment.
Innovation and efficiency of local suppliers as another competitive advantage.
Civil society and its role in promoting coordination between the public and private sector.
Biz Latin Hub can assist you doing business in Peru
At Biz Latin Hub, we provide integrated market entry and back office services throughout Latin America and the Caribbean, with offices in 17 key cities around the region, including Peruvian capital Lima.
Our unrivaled regional presence means we are ideally placed to support multi-jurisdiction market entries and cross-border operations, and our portfolio includes company formation, accounting & taxation, legal services, due diligence, and hiring & PEO, among others.
Contact us today to find out more about how we can assist you.
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The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
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