Peru Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Peru Mining Industry Overview

Peru is rich in minerals and a major producer of base and precious metals. The Peruvian mining industry plays a significant role in the country’s economic development. The total mining investments reached $5.4B in 2022. Peru is the second largest copper producer in the world, also producing gold, silver, zinc, among other minerals. These investments were made by different countries across the world with China leading the list by holding 19.7% of the total investment portfolio, followed by Mexico and Canada.

The Peruvian mining industry report provides comprehensive coverage of the Peru’s mining fiscal regime. It provides information on governing bodies, laws, and regulations. The report also includes mining-related taxes and royalties.

Governing Bodies Ministry of Energy and Mines (MINEM), Ministry of Environment (MINAM), and Geological Mining and Metallurgical Institute
Key States Cajamarca, Ancash, Arequipa, Lima, Puno, Cusco, Pasco, San Martin, and Moquegua
Taxes and Royalties Corporate Income Tax, Sales Tax, Withholding Tax, and Royalty Rate
Key Minerals Copper, Gold, Zinc, Silver and Lithium
Enquire and Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Buy The Full Report to Know More About The Peru Mining Industry, Download a Free Sample Report

Peru Mining Industry Dynamics

Peru was ranked 76th among 190 countries covered by the World Bank’s 2020 Ease of Doing Business Index. The mining industry in Peru is regulated by laws such as the General Mining Law, Mining Canon Law, Law Regulating Environmental Liabilities of Mining and the General Law of the Environment. Mining license holders are required to pay Mining Concession Fees every year and satisfy the minimum production criteria, failing which can attract penalties and may result in the extinction of rights. There are provisions of tax incentives, tax loss relief and capital allowances, which can be used by mining entities based on the fulfilment of certain conditions.

A competitive costs and tax framework, coupled with favourable trends in metal commodities, makes Peru an attractive place for investors to develop mining activity in the country. Currently, the country is focused on developing 74 exploration projects, with a joint investment of $596M.

Buy The Full Report to Know More About The Peru Mining Industry, Download a Free Sample Report

Peru Mining Industry - Key Governing Body

The Peruvian mining industry is governed and regulated by different authorities, which focus on several aspects such as administration, environment and health and safety. Some of the chief agencies include the Ministry of Energy and Mines, Geological Mining and Metallurgical Institute, the Supervisory Organization of Investment in Energy and Mining, and the Organization of Supervision and Environmental Assessment.

Geological Mining and Metallurgical Institute: The Geological Mining and Metallurgical Institute (INGEMMET) is a specialized public agency in the Energy and Mining sector. The institute obtains, stores, records, administers and disseminates geo-scientific information related to subsoil resources, geological risks and the geo-environment. It is also involved in receiving petitions, the granting of mining concessions and their extinction based on the causes established by law and ordering and systematizing the geo-referenced information through the National Mining Cadaster.

Ministry of Energy and Mines (MINEM): The General Directorate of Mining, the line unit of MINEM, reports directly to the Office of the Vice Minister of Mines, which is responsible for regulating and promoting mining activities, safeguarding the rational use of mining resources, and minimizing damage to the environment.

Buy The Full Report to Know More About The Governing Bodies in The Peru Mining Industry, Download a Free Sample Report

Peru Mining Industry – Mining Investments

Exploration investments are a fundamental pillar in mining activity. Peru has shown to be an excellent destination for these types of investments due to its vast geological potential. Peru has around 74 exploration projects with a global investment of $596.1M spread across 17 states. Of the total, Cajamarca accounted for the highest share of the total investment, followed by Ancash and Arequipa. Of the 74 projects, copper ranks first with 39 projects ($284M), followed by gold with 18 projects ($220M), zinc with 9 projects ($47M), and silver and lithium together with 8 projects ($46M).

Peru Mining Industry Investments by State (%)

Peru Mining Industry Investments by State (%)

Buy The Full Report to Know More About Taxes and Royalties in The Peru Mining Industry, Download a Free Sample Report

Peru Mining Industry – Taxes and Royalties

The main taxes applicable in the Peru mining industry are Corporate Income Tax (CIT), Tax Loss Relief, Capital Allowances, and Other taxes.

Corporate Income Tax (CIT): Companies incorporated in Peru (also known as tax resident companies) are subject to corporate income tax (CIT), which is calculated on their global taxable income. However, non-resident entities or permanent establishments of foreign companies are taxed on their Peruvian income only. Mining companies are subject to a general corporate tax regime. Companies which have signed a Stabilization Agreement, however, are required to pay an additional tax of 2%. Therefore, the total corporate income tax payable by these companies becomes 31.5%.

For more insights on the taxes and royalties in the Peru mining industry market, download a free sample report


The report focuses on the mining fiscals’ key aspects such as governing bodies, laws and regulations, governance frameworks, and sustainability practices. The report also includes mining related taxes and royalties.

Reasons to Buy

  • To help businesses navigate the complexities and comply with the necessary requirements.
  • Obtain up-to-date information on mining sector taxes and payments.
  • Enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Conduct analysis to mitigate the impact of regulatory changes.
  • Understand the regulatory framework.
  • Gain an overview of the mining industry structure by identifying Peru’s mining governing bodies, major laws, and licenses.

Table of Contents

Executive Summary

Country Overview

Mineral Overview

Mining Investments

Government Bodies

Laws and Regulations

Taxes and Royalties

Political Challenges

Sustainable Mining Practices



Table 1: Classification of mining activities in Peru, 2022

Table 2: Mining rights

Table 3: Concession fees, 2022

Table 4: Maximum depreciation rates under general tax rule, 2022


Figure 1: Country overview, 2021

Figure 2: Nominal GDP ($ Billion) and real GDP growth rate (%), 2001–2021

Figure 3: Mining investment and exports, 2011–2021

Figure 4: Corruption perception index rank, 2015–2021

Figure 5: CPI ranking, 2021

Figure 6: Mineral production trend, 2011–2021

Frequently asked questions

Peru Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update standard reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Peru Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Peru Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update in real time.

  • Access a live Peru Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.