Guillermo Shinno Huamaní

Viceminister of Mines

Ministry of Energy and Mining

March 2014

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Map of Mining Units2016 - 2030

Operation

Extension

Exploration

Mining Projects (1950 – 2030)

Investments grow every year

2013: Investment grew 14% since 2012

SOURCE: MINEM

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MINING OUTPUT 2012 - 2013

The output of the main metals, including copper, silver, zinc, lead and iron,

increased between 6% and 8%

Production Units 2012 2013 Change (%)

Copper TMF 1’298,761 1’375,641 6%

Gold Gr. Finos 161’544,666 151’486,072 -6%

Zinc TMF 1’281,282 1’351,273 6%

Silver Kg. Finos 3’480,857 3’674,283 6%

Lead TMF 249,236 266,472 7%

Iron TLF 6’684,539 6’680,659 0%

Tin TMF 26,105 23,668 -9%

Molybdenum TMF 16,790 18,140 8%

SOURCE: MINEM

Exports FOB value in million US$

Exports: 61 % MINING

AND 12 % ENERGY

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INCREASING COPPER OUTPUT

2012

1.3 millions FMT

2016

2.8 millions FMT

Investment

Millions US$

Production

TMF / CuOperation

ANTAPACCAY 1,500 160,000 Dec-12

ANTAMINA (AMPL.) 1,300 175,000 Dec-12

TOROMOCHO 4,800 300,000 Dec-13

CONSTANCIA 1,500 80,000 Aug-14

LAS BAMBAS 5,200 315,000 Mar-15

CERRO VERDE (AMPL.) 4,400 272,000 Aug-15

TOQUEPALA (AMPL.) 900 100,000 Jul-15

TÍA MARÍA 1,000 100,000 Mar-16

TOTAL 21,920 1,527,000

DEVELOPMENT ROUNDTABLES

Authority

Company

Civil Society

�Cotabambas.

� Jangas / Huarmey.

�Cañaris.

�Corani.

�Hualgayoc.

�Chumbivilcas.

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�Non discriminatory treatment: Foreign investors receive the same treatment as local investors.

� Free transfer of capital.

� Free competition.

�Guarantee for Private Property.

� Freedom to purchase stocks from locals.

� Freedom to access internal and external credit.

� Freedom to pay royalties.

�Network of investments agreements and member of ICSID and MIGA.

Peru offers a favorable legal framework for foreign investment …

FRIENDLY INVESTMENT ENVIRONMENT

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PROVEN AND PROBABLE MINERAL RESERVES

Recognized mining potential

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Recognized electricity potential

Cost of electricity to 2020 (US$ / KWh)

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Mining Activity:

There is

mining

activity in

only 1.2% of

the

Peruvian

territory

14.8% is

under

concession

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STREAMLINED PERMITTING

• Changes to auxiliary components, expansion of investment

proyects and technology improvements in operation

without significant environmental impacts will not require

to alter the environmental assessment.

• Authorities will issue their no-objection within 15 business

days.

S.D. 054-2013-PCM

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• Archaeological non-objection certificates will be approved

within 20 business days. Archaeological Monitoring Plans

will be approved in 10 business days, benefitting from

positive administrative silence (Art. 3º).

• Temporary and definitive easements on a unclativated

State-owned lands will be provided within 15 days (Art. 6º).

STREAMLINED PERMITTING

S.D. 054-2013-PCM

Faster environmental assessments

0

50

100

150

200

250

300

DIA EIAsd EIA

2012

2013

42 días

195 días

230 días

Private sector viewpoint

El Comercio: 27/10/13

Development poles

“Include to grow”

President Ollanta Humala Tasso

Closing ceremony. PERUMIN – AREQUIPA

September 20, 2013

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The Energy and Mines industry contributes to the development of mineral and

energy resources and promotes sustainable development

Energy and mines industry

Urban and agricultural growth

flora and fauna protection.

Infrastructure and development

projects.

Natural resources: minerals,

gas, oil, electric, energy and

fresh water.

Cultural heritage, traditions and

customs development in coastal,

high Andes, Amazon and high

Amazon areas.

Fisheries and oil resources on

the continental shelve.

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ECUADOR

COLOMBIA

BRAZIL

NORTH MACRO-REGIONTERRITORY DEVELOPMENT

BAYOVAR

PORT

Copper Projects

Silver Projects

Gold Projects

Iron Projects

Hydropower StationPACIFIC OCEAN

NORTHERN IIRSA

CAJAMARCA -PIURA TRAIN

RENTEMA Hydro

1525 MW

CUMBA 4 Hydro

825 MW

MANSERICHE Hydro

7550 MW

CHADIN 2 Hydro

600 MW

BALSAS Hydro

915 MW

Railroad Project

COPPER-GOLD PROJECTS

FOR US$ 20 billion

ALTO MAYO PROJECT

768 000 Ha

CAJAMARCA - CHACHAPOYAS-

TARAPOTO TRAIN Railroad study

Estimated Annual Production Project

Copper 1.018.000 tmf

Gold 867.000 Oz

Phosphates 5.800.000 tm

BAYOVAR PROJECT

• PHOSPHATES

• DIATOMITES

• BRINE

• LIME

COPPER

REFINERY

PROJECT

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CENTRAL MACRO-REGION TERRITORY DEVELOPMENT

Copper Projects

Silver Projects

Gold Projects

Iron Projects

LIQUEFACTION PLANT

LA OROYA

METALLURGICAL

COMPLEX

CENTRAL IIRSA

PERU- BRAZIL

TRANSCONTINENTAL RAILROAD

BRAZIL

CALLAO PORT

LA OROYA

Estimated Annual Production Project

Copper 530.000 tmf

Gold 160.000 Oz

Silver 7.500.000 Oz

Lead 16.000 tmf

Zinc 641.500 tmfCOBRIZA

MINE

TOROMOCHO

PROJECT

(CHINALCO)

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Copper Projects

Silver Projects

Gold Projects

Iron Projects

SOUTH MACRO-REGION TERRITORY DEVELOPMENT

FRACTIONING

PLANT

BOLIVIA

CHILE

PACIFIC OCEAN

BRAZIL

INTER-OCEANIC

HIGHWAY

CAMISEA

MATARANI PORT

MARCONA PORT

GAS PIPELINE

Gas pipeline

Camisea Gas pipelineENERGY NODE

2000 MW

Estimated Annual Production Project

Copper 1.826.000 tmf

Gold 524.000 Oz

Silver 11.339.000 Oz

Iron 3.500.000 tm*

* Iron concentrate expansion project Marcona

Actual production: 6.500.000 tm

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Peruvian Mining contributes to the sustainable development of all

regions in Peru

SUSTAINABLE MINING IN PERU

Guillermo Shinno Huamaní

Viceminister of Mines

Ministry of Energy and Mining

March 2014