Economic transfers generated by the formal mining activity to the Peruvian regions where such operations take place totaled 13.31 billion soles ($3.855 billion) between January and September 2026. This figure stems from the distribution of the *Canon Minero* (mining tax share), mining royalties, and fees for mining rights and penalties, the Ministry of Energy and Mines (Minem) reported today.
According to the August edition of the Mining Statistical Bulletin, the "Canon Minero" accounts for the largest share of this total, with 9.5 billion soles ($2.7 billion) transferred in 2026—an amount that includes 24 million soles ($6.9 million) distributed in August.
This mechanism (canon minero) is calculated based on 50% of the income tax (IR) paid by mining formal operators.
As for mining royalties, they totaled 3.4 billion soles ($ 985 million) between January and September 2026, representing the second-largest component of the transfers generated by the mining sector.
Of this total, 2.9 billion soles ($ 844 million) came from statutory mining royalties, while 487 million soles ($ 141 million) were derived from contractual mining royalties. Finally, cumulative transfers under the categories of "validity fees" (Derechos de Vigencia) and penalties reached 320 million soles ($ 92.7 million) between January and August 2026.
It should be noted that a "validity fee" is a payment made by concession holders to keep their mining concessions in effect, while a penalty is applied when there is a failure to meet obligations regarding the production or investment required to maintain the concession.
The Ministry of Energy and Mines (Minem) highlights that, taken together, transfers derived from mining activity serve as an important mechanism for redistributing the income generated by this subsector to regional and local governments linked to its development.
This strengthens the availability of resources for investment in public services, the closing of socioeconomic gaps, and other interventions that create sustainable improvements in the living conditions and development opportunities of the local population.
In terms of regional distribution, Áncash was the primary recipient of these funds, receiving 2,230 million soles ($ 646 million)—equivalent to 16.8% of the national total.
It was followed by Apurímac, with 1,555 million soles ($450 million, or 11.7%), and Arequipa, with 1,501 million soles ($ 434 million, or 11.3%), while Cajamarca recorded 1,251 million soles ($ 362 million), accounting for 9.4% of the total.
More from Andina:
(END) NDP / MDV
Published: 10/28/2026