Mining In Peru

A Major Gold Producing Country.
Peru is located on the Western Coast of South America and is the world’s fifth largest gold producer. Mineral resources account for approximately 50% of foreign exchange. In 2008 Peru produced 175 tonnes of gold (5.6Moz ) and production in the first half of 2009 increased by 3.31%.

Democratic Government.
The Peruvian government is composed of an executive branch, a single chamber congress and a judiciary branch. The President and all congress members are directly elected by popular vote every five years.

Stable Exploration and Mining Environment.
In the 1990s, the Peruvian government made dramatic improvements to the mining laws and the current rules and regulations are both clear and fair regarding the ownership of mineral rights. Today, most major mining companies have a presence in Peru.

Foreign Investment Encouraged.
Foreign investors are allowed to remit abroad (without restrictions) net profits and other proceeds originating from their registered investment as well as proceeds from the transfer of shares, ownership participation or rights, capital reductions and dissolution of companies.