participation has its benefits -...

B E YO N D B O R D E R S | A BARRICK GOLD REPORT ON RESPONSIBLE MININGA BARRICK GOLD REPORT ON RESPONSIBLE MINING | B E YO N D B O R D E R S

Arequipa

Pasco

Moquegua

La Libertad

Puno

Piura

Junín

Cajamarca

Ancash

Cusco

Loreto

Lima

Madre de Dios

Ica

Tacna

109.71

35.24

32.90

28.18

29.49

12.95

12.10

8.23

9.51

9.94

3.62

8.41

1.49

1.38

1.28

Loreto

Piura

Cajamarca

Ancash

Lima

Junín

Puno

Arequipa

Tacna

Madre de Dios

Cusco

La Libertad

Ica

Moquegua

Pasco

Who benefits

Approximate amount of

money invested in and

committed to Obras

Por Impuestos (Public

Works Through Taxes)

between 2009 and 2014

SOURCE: ProInversión – ¿En Que Consiste?

Who contributed

Investment carried out and committed to by companies between 2009 and 2014

* (in millions of dollars, converted from Peruvian Nuevo Soles)

* (in millions of dollars, converted from Peruvian

Nuevo Soles)

SOURCE: ProInversión – Rankings de Obras Por Impuestos -

Regiones (Last updated 28/02/2014 – converted March 21, 2014)

Empresas (Last updated 13/03/2014 – converted March 21, 2014)

http://www.obrasporimpuestos.pe

Sectors invested in through

Obras Por Impuestos and

number of projects within

each group

Where it’s all going

SOURCE: ProInversión – Proyectos Adjudicados y Concluidos. http://www.obrasporimpuestos.pe

Transportation

Sanitation Education, Health

Commerce, Leisure

Telecommunications,Culture, Irrigation

Security39.7%

24.4% 15.4%

9.0%

6.4%

5.1%

$ Amount* Region

$ Amount*

Southern Peru

Central Bank of Peru

Volcan

Telefonica

Interbank

Backus

Barrick

Antamina Mining

Goldfields

Cementos Pacasmayo

BBVA Continental Bank

Eckerd Peru

Poderosa Mining

Milpo Mining

Impala Perú

Petrobras

Gloria

Unacem

El Comercio newspaper

Ferreyros

Graña y Montero

Xstrata Tintaya

Other

129.19

62.23

30.42

25.52

22.32

17.24

11.48

7.36

6.58

6.43

6.43

4.62

3.02

2.67

2.20

2.17

1.92

1.88

1.49

1.49

1.21

1.07

8.53

Company

PARtICIPAtIoN HAS ItS beNefItS

The Obras Por Impuestos (Public Works Through Taxes) pro-

gram, or Law 29230, benefi ts regional and local governments,

private companies and local communities. Here’s how:

for Regional and local Governments, the program:

• Advances fi nancial resources that are discounted from the fol-

lowing four years’ budget once the public work is complete.

• Allows the reallocation of staff to other projects.

• Accelerates how quickly public works are carried out,

sustaining or strengthening the local economy.

for Private Companies, the program:

• Demonstrates exactly where and how their taxes are

contributing to local communities.

• Accelerates public works that could improve the

competitiveness of companies. For example, better roads

improve access to local markets making it easier to transport

supplies.

• Improves the effi ciency of their sustainability programs and

allows companies to recuperate their entire investment.

for local Communities, the program:

• Speeds up socioeconomic development, accelerates

investment in infrastructure and improves the quality of

public services for locals.

• Generates direct and indirect employment through

construction work and, once a project is complete, through

maintenance of the public work.

• Infrastructure improvements attract companies to the

community and generate new business opportunities.

SOURCE: ProInversión – ¿En Que Consiste? http://www.obrasporimpuestos.pe

May 2014 39May 201438