investing in mining in peru. a country of opportunities · michiquillay mining project michiquillay...
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Investing in Mining in Peru. A country of opportunities
Álvaro Quijandría Executive Director
The State agency for private investment promotion. Offers guidance services to investors
Promotes PPP projects in infrastructure and public services.
Promotes private investment on public assets
Promotes the special regimen of Work for Taxes.
WHAT’S THE ROLE OF
PROINVERSION?
INVESTMENT VEHICLES ON MINING
PROMOTED BY PROINVERSION
Transfer of former State-owned mining
units
ANAP (Reserved
area)
Investment on Mining
Assets
INVESTMENT PROMOTION IN FORMER STATE-
OWNED MINING UNITS
Mining
Project
Company Investment Commitment
US$
Alto Chicama Barrick Misquichilca 12 113 759
Las Bambas MMG Limited, CITIC Metal Co.
Ltd & and a filial of Guoxin
International Investment Co. Ltd
6 187 155 388
Toromocho Chinalco 2 329 661 527
La Granja Río Tinto 622 687 044
Antamina BHP Billiton, Glencore, Teck &
Mitsubishi
2 148 154 000
Cerro Verde Freeport-McMoRan 449 786 164
Main projects transferred to private investors between 1992 and 2008
Estimated Investment Amount
US$ 2 billion
Private Initiative
Under Evaluation
Estimated award: 2017
MICHIQUILLAY MINING PROJECT
Michiquillay is a copper and molybdenum
porphyritic deposit. The estimated resources
exceed 1 billion tons, with 0.63% of Cu and
0.014% of Mo, for a production of 80 Thousand
TPD of ore.
The deposit is located in Northern Peru, in the
department of Cajamarca, one of the most
promising mining regions of Peru.
It has access to nearby sources of energy,
labor, water and supporting infrastructure.
Since it is surrounded by several privately
owned mining deposits, construction of
common infrastructure could be shared
between owners of such deposits in order to
reduce investment costs.
El Galeno (Cu)
Conga (Cu, Au) La Carpa Central (Cu)
MICHIQUILLAY
(Cu)
China Linda
(Au)
Chaupiloma Sur (Au)
Cerro Negro
(Au)
San José 2 (Au)
Chaquicocha
(Au)
Northwest
(Au)
Tinajas (Au)
Castrejon (Cu,
Mo)
La Zanja
(Au)
Shahuindo (Au)
Cerro Corona (Cu,
Au)
Colorada (Au) Tantahuaytay (Au)
La Granja
(Cu)
Chota
Santa Cruz
San Miguel
San
Pablo
Contumaza
Cajamarca San Marcos
Cajabamba
Celendín
Cutervo
Hualgayoc
LA LIBERTAD
C A J A M A R C A
L A
M B
A Y
E Q
U E
A M A Z O N A S
N
A
Huamachuco
Chongoyape
Llama Desv.
Yanacuna
Querocoto
Desv.
Ciudad de
Dios
Pacasmayo
MICHIQUILLAY MINING PROJECT
ANAP (RESERVED AREA)
a
An ANAP is an area in which it is not possible to request mining petitions or claims.
INGEMMET (Geological Mining and Metallurgical Institute of Peru) is the only one authorized by MINEM to make mining prospection in those areas.
The results of prospection made by INGEMMET are available to the public; except when the promotion of an ANAP is entrusted to ProInversion.
ProInversion, in agreement with the Regional Governments, may undertake the process of promoting investment in ANAP’S.
Such area is considered an ANAP until a Transfer agreement is entered into by the investor and INGEMMET grants its concession.
Characteristics of an ANAP
Investment amount and Estimated award date under evaluation
State Initiative
Project Owner: MINEM
Estimated Award: 2018
Modality: Transfer
Agreement
JALAOCA MINING PROJECT
The deposit is located in Southern-central
Peru, in the department of Apurimac, well
known for its copper potential.
The mine zone offers conditions to be
explored for copper, gold and
molybdenum.
Interesting possibilities in two out of four
identified targets: at Pucasalla, a porphyry-
skarn Cu-Au deposit, and at Llamoja, a
porphyry Cu-Mo deposit. The deposit
potential and size shall be defined with
drilling works.
Investment amount and Estimated award date under evaluation
State Initiative
Project Owner: MINEM
Estimated Award: 2018
Modality: Transfer
Agreement
COLCA MINING PROJECT
The deposit is located in Southern-central
Peru, in the department of Apurimac, well
known for its copper potential.
It comprises a superficial extension of 14,100
hectares, in which two important mineralized
zones have been identified. These are
surrounded by other important mining
properties with defined potential.
Favorable geophysical information and lab
results point the possibility to find a possible
Copper-Gold porphyry. With drilling works,
deposit potential and size would be defined.
JALAOCA & COLCA PROJECTS
Location of
Jalaoca & Colca
Projects
ANAP COLCA
(Cu & Au)
ANAP
JALAOCA
(Cu, Mo & Au)
LOGISTICS INFRASTRUCTURE
Source: EY. Peru’s mining & metals investment guide 2017/2018.
27 projects
Estimated investmente: USD 11.8 billion
INFRASTRUCTURE AND PUBLIC SERVICES
PROINVERSION PPP PORTFOLIO 2017-2018
10
9
3
3
2
27
Energy
Transport
Health
Telecom
Water