Jul 29, 2022   SOURCE: BusinessWire

Peru Copper Mining Market Report 2022: Demand for Electric Vehicles Fueling Industry Growth - ResearchAndMarkets.com

The "Peru Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

Peru has the world's third largest copper reserves in the world after Peru and Australia, with 77 million tonnes (Mt), equivalent to 8.8% of the global total as of January 2022. After witnessing a significant fall in 2020 owing to the pandemic-related restrictions, Peru's copper mine production recovered by 6.9% to 2,299.3Kt in 2021, as mining companies gradually started to operate at pre-COVID levels, which was supported by increasing copper prices.

Despite these suspensions, in 2022, the country's copper production is forecast to increase by 4.8%, to reach 2.3Mt, before rising to 3.1Mt by 2026 - a CAGR of 6.3% over the forecast period (2022-2026). Overall, production will be largely supported by production from the existing portfolio of operating mines including, Antamina, Cerro Verde and Las Bambas (subject to the resumption in mining activities soon), which is expected to contribute for up to 50% of the growth over the forecast period.

Scope

  • The report contains an overview of the Peru copper mining industry including key demand driving factors affecting the Peru copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

  • Comprehensive evaluation of the impact of COVID-19 on Peruvian copper industry
  • To gain an understanding of the Peruvian copper mining industry, relevant driving factors
  • To understand historical and forecast trend on Peruvian copper production
  • To identify key players in the Peruvian copper mining industry
  • To identify major active, exploration and development projects in Peru

Key Topics Covered:

1 Executive Summary

2 Reserves, Production and Prices

3 Copper Assets

4 Demand

4.1 Consumption and Exports

4.2 Demand drivers

  • China's construction industry
  • Demand from EV market

5 Major Copper Producers

6 Fiscal regime

6.1 Classification of Mining Activities in Peru

6.2 Governing Bodies

  • Ministry of Energy and Mines (MINEM)
  • Geological Mining and Metallurgical Institute
  • Ministry of Environment (MINAM)
  • Supervisory Organization of Investment in Energy and Mining (OSINERGMIN)
  • Organization of Supervision and Environmental Assessment
  • National Superintendence of Labor Inspection (SUNAFIL)

6.3 Laws and Regulations

  • General Mining Law
  • Mining Canon Law
  • Law Regulating Environmental Liabilities of Mining
  • General Law of the Environment
  • Mining Rights and Fees
  • New Merger Control Regime

6.4 Taxes and Royalties

  • Corporate Income Tax
  • Tax Loss Relief
  • Tax on Capital Gains
  • Capital Allowances
  • Business Expenses
  • Tax Depreciation
  • Modified Mining Royalty (MMR)
  • Special Mining Tax (SMT)
  • Special Mining Burden (SMB)
  • Value-Added Tax (VAT)
  • Withholding Taxes
  • Dividends
  • Interests
  • Royalties
  • Tax Incentives
  • Under the Foreign and Private Investment Legislation
  • Under the General Mining Law:
  • Tax Treaties

7 Appendix

Companies Mentioned

  • Glencore Plc
  • Freeport-McMoRan Inc.
  • Grupo Mexico SAB de CV

For more information about this report visit https://www.researchandmarkets.com/r/tqwisu