Promoción y resurgimiento de las exploraciones mineras

Transcription

1 Promoción y resurgimiento de las exploraciones mineras M. Cardozo July 21, 201 Jueves Minero Instituto de Ingenieros de Minas del Perú

2 Discussion topics Global economic crisis Mining cycles and exploration Anti-cyclical policies Country risk Promotion of investment Social and environmental issues vs. polical agendas Financing Ups and downs of Junior companies Future, long-term developments

3 Mineral Production Gold production decreasing. Extracted resources are not being replaced. Very few significant discoveries lately. Silver will increase production levels if copper porphyries are developed. Zinc and lead will continue increasing moderately. New projects required to accelerate development Porphyry copper producers contribute significantly to Au, Ag and Mo production Copper potential is one of the largest in the world Copper developments are being delayed due to social and political issues. From 1.3Mt to 2.Mt annual copper production is a great achievement. Uncertainty increasing, can we really get up to 5 million tonnes of Cu production in the next 8-10 years? Chile taking advantage: Long-term view and policy, sustained technical and commercial/market research Peru + Chile could produce 57% (>13 tons) of world s copper

4 Peru 1,200 1, Exploration Investment 4.9% 7.7% 4.9% 4.5% 5.0% 5.0% 7.0% 4.9% 4.2% 4.8% 4.5% 4.9% , % of Worldwide Investment Peru WW Ranking Investment US$ Million 7 Position of Peru in the worldwide ranking 25,000 21,500 Worldwide 20,000 15,000 11,330 14,474 12,100 18,158 15,200 11,400 Investment US$ Million 10,000 7,930 8,400 5,000 2,440 3,790 5, Source: SNL Metals Economics Group, 2012

5 Mining & Exploration Challenges Urgently adopt a long-term approach to the mining industry Mining will still be for several decades a solid base for the economic development of the country Guarantee the implementation of future copper producers in Peru Increase investment in mineral exploration to expand reserves and resources and discovery of new deposits. Promoting mineral exploration is essential to increase both metal production and long-term resources Ensure that initial exploration projects can become mining operations Both financial and technical incentives are required Excessive social-environmental barriers have to be removed to allow the development of a modern, competitive, responsible and sustainable mining industry Despite of the effort of the government and the MINEM to reduce unnecessary environmental bureaucracy, other environmental instances have not changed their anti-mining attitude.

6 Mining & Exploration Challenges Companies, INGEMMET and academia urgently need to joint efforts for a sound scientific and technical development of the mining industry Technical improvements are needed to promote exploration: INGEMMET offers 1:100,000 and 1:50,000 scale regional maps covering the whole of the country and most of the territory is also covered by drainage geochemical sampling. Regional geophysical surveys (magnetic and radiometric) are insufficient. As exploration matures, the need to improve, innovate and implement new geophysical exploration methods will increase. Radiometric age data is extensive, but still needs to be expanded. Isotopic studies useful to distinguish most productive mineralized systems and to identify mineralization sources are still very limited. Studies of magmatic arcs related to mineralized systems are insufficient.

7 Concepto Integral de Promoción Atraer Mejorar Retener $ $ $ S/.S/.S/. Riesgo País Marco jurídico Tributación Competitividad Muro de Contención Evitar fuga Promoción agresiva Incentivos técnicos Exploracion local Aceptable Mejorar Benchmarking Integración Social Estabilidad Eliminar conflictos

8 Promoción de la Inversión en Minería Congresos y Conferencias Información Geológica de Calidad Financiamiento de la exploración minera Promover al Perú como destino de Inversiones Resaltar potencial minero PDAC, ProExplo, Perumin Otras Foco de acción: INGEMMET, Base de Datos Programas de cooperación Transferencia de tecnología e información Generar nueva dinámica de exploración complementaria pero independiente de empresas tradicionales Promover la formación de empresas juniors Promover la excelencia en el trabajo y reporte geológico