Tax revenue from the mining sector reached 29,106.2 million soles ($ 8.4 billion) between January and August this year, which represents an 80.1% increase over the 16,156.7 million soles ($ 4.6 billion) collected during the same period in 2025, according to the Ministry of Energy and Mines (Minem).
As per the Mining Statistical Bulletin (BEM), prepared by Minem’s General Directorate for Mining Promotion and Sustainability, the cumulative tax revenue for the first eight months of the year exceeded the total collected for the entire year of 2025—which amounted to 26,011.5 million soles ($ 7.5 billion)—by 3,094.7 million soles ($ 893 million).
Consequently, the mining sector’s contributions to the public treasury have reached a new all-time high, significantly surpassing the annual levels recorded in previous years.
This strong growth in tax revenue from the mining sector is driven by international metal price trends, as well as the robust economic performance of companies within the sector.
In the month of August, the mining sector generated 4,000.1 million soles ($ 1.1 billion) in government revenue, marking an increase of 72.5% compared to July and 91.5% relative to the 2,089.2 million soles ($ 603.14 million) collected in the eighth month of 2025.
The year-on-year increase was primarily driven by higher tax collection from metallic mining, which reached 2,900.4 million soles ($ 837.33 million)—a figure 96.8% higher than that recorded in August 2025.
Additionally, there was an increase in revenue from non-metallic mining, which totaled 152.2 million soles ($ 43.94 million), representing a 12.5% growth compared to the same month last year. Mining Royalties
Among non-tax revenues, the "New Mining Royalties" reached 2,936.9 million soles ($ 847.87 million) from January to August of this year—a figure more than double (112.3% higher than) the 1,383.1 million soles ($ 399.30 million) generated during the same period in 2025.
Mining royalties totaled 104.7 million soles ($30.23 million), representing a 48.7% increase compared to the amount recorded between January and August 2025.
Meanwhile, the Special Mining Levy reached 308.4 million soles ($89.03 million)—134.8% higher than the 131.3 million soles ($37.91 million) recorded during the same period last year.
Looking specifically at the month of August, the New Mining Royalties reached 805 million soles ($232.40 million), exceeding the figure from a year earlier by 115.6%. The Special Mining Levy amounted to 135.6 million soles ($39.15 million), reflecting a growth of 75.9%.
Mining royalties stood at 6.9 million soles ($1.99 million), a figure 77% lower than that recorded in August 2025.
As the year draws to a close, a report from the Ministry of Energy and Mines (Minem) projects that the trend in mining-related tax collection will be determined by the performance of key production units, the economic results generated by the companies, and the behavior of international metal prices.
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(END) NDP / MDV
Published: 11/2/2026