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Investing in Mining in Peru
Peru is a country with an abundance of natural resources, including copper, zinc, gold, and silver. Throughout the past decade, Peru has been experiencing sustained economic growth and is currently moving into the development phase. In this phase, mining plays a pivotal role as it increases GDP and exports growth. Beyond that, it will generate over a million jobs and have a positive effect on the lives of over 4 million Peruvian citizens.
The Ministry of Foreign Affairs in Peru seeks to raise awareness of the diverse investment opportunities that the country has to offer. Peru is a global leader in the mining industry; it is one of the world’s biggest producers of base and precious metals. It is also the world’s second-largest producer of copper and one of the leading producers of gold and silver, among other minerals. As a result, numerous internationally renowned mining corporations operate in Peru as it is considered a friendly investing climate. As much of the country has yet to be subjected to exploration, this leaves an immense potential for future development.
Peru – Economic Overview
Mining is a dominant sector of the Peruvian economy. Over the past 20 years, substantial investment has flowed into the sector and as a result, there has been an increase in exploration and development activities. The Peruvian government is committed to upholding an investor-friendly policy climate.
Peru has adopted a legal framework for investors which offers automatic investment authorization. This establishes the necessary economic stability rules to protect private investors from arbitrary changes in the legal terms and conditions of their ventures. This reduces government interference in economic activities.
The Peruvian government guarantees foreign investors legal stability on income tax regulations and dividend distributions. There are no restrictions on reparation of earnings, international transfers of capital, or currency exchange practices. In addition, the remittance of dividends, interests, and royalties have no restrictions.
The role of the Peruvian government over exploration, mining, smelting, and refining is limited to that of a regulator, promoter, and overseer.
Investing in Mining in Peru with Oceano Verde
Oceano Verde SAC Peru has spent the past 5 years developing several joint venture and independent mining projects in Peru. Advanced geotechnical reports, land survey, and grid mapping reports conclude that these projects have the potential for a very high recovery of gold, silver, and copper.
Oceano Verde has access to a number of opportunities for long-term development. These investment opportunities include:
Korimalko Minerals SAC
We have a potential investment opportunity with Korimalko Minerals SAC to provide expansion capital and to take over operation of the mine.
The community of Ayacucho granted Oceano Verde 6,000 hectares of land adjacent to Hochschild Mining’s Arcata Mine. The Arcata Mine has been a regular producer of Gold and Silver. The contract calls for remediation of contaminated lands surrounding the mine in exchange for the mining rights for 25 years.
There are numerous historical tailings piles and ponds throughout Peru. Oceano Verde has access to new technology that can be deployed to reprocess mining tailings.