presented its 2024 Mining Yearbook, which compiles the state of Peruvian mining in terms of production, reserves and exports, investments and mining projects, employment, occupational health and safety in mining, and its economic-social contribution.
The
document, prepared by the General Directorate of Mining Promotion and Sustainability (DGPSM), highlights that over the past decade, national mining has been consolidated as a strategic pillar of the country's economic growth, demonstrating not only geological wealth but also high operational efficiency and a regulatory environment favorable to the sustained attraction of capital, both domestic and international.
This positioning has allowed Peru to stand out on the mining stage, ranking as the world’s second-largest producer of zinc and molybdenum, third in copper and silver, and fourth in tin and lead.
In South America, our country leads the production of zinc, lead, tin, and molybdenum. Similarly, it ranks second in the extraction of gold, copper, and silver.
The yearbook also notes that Peruvian mining played a decisive role in the national macroeconomic structure in 2024, with the mining subsector accounting for 9.0% of Gross Domestic Product, contributing over 64.2% of total exports value.
"Copper, in particular, accounted for 58.4% of the value of metallic mining GDP, positioning itself as the main driver of income from foreign trade and a key source of liquidity," the publication emphasizes.
Regarding mining investment in 2024, the report states that it reached US$5.002 billion, registering a 1.3% growth compared to 2023 (US$4.936 billion).
Notably, investment in the categories: Infrastructure (US$1.127 billion) and Beneficiation Plant (US$1.098 billion) stood out, which together accounted for 44.5% of the investment.
Regarding employment, the sector generated more than 238,860 formal direct jobs, and it is estimated that each direct position activates approximately 8.2 additional occupations and supply chains.
Meanwhile, tax revenue associated with the mining subsector exceeded S/18.384 billion (US$5.081 billion), ranking as the third-highest historic record, which demonstrates its importance in the consolidation of public finances.
The publication specifies that mining drives the execution of a structured portfolio of projects across all phases of the value chain: from geological prospecting, advanced exploration, and deposit development to the following stages: exploitation, processing, transport, storage, and responsible closure.
The 2024 Mining Yearbook offers a comprehensive overview of the sector's performance, aiming to serve as an informative tool for decision-making by public actors, companies, investors, and multilateral organizations interested in taking advantage of the comparative advantages and opportunities offered by the Peruvian mining ecosystem.
(END) NDP/MDV/JMP/MVB