Peru
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EITI Status
EITI Status:
Compliant country
Compliant since
Compliant since:
15 February 2012
Webpage
Webpage:
Extractive Industries
Mining and hydrocarbons contribute significantly to the Peruvian economy. The extractive sector generated 75% of total Peruvian exports in the first semester of 2012 and accounted for 5% of GDP. In 2010, Peru occupied a leading position in the global production of the following mineral commodities such as copper (second after Chile), gold (sixth after China, Australia, South Africa, the United States, and Russia), lead (fourth after China, Australia, and the United States), molybdenum (fourth after China, the United States, and Chile), silver (first followed by China and Mexico), tin (third after China and Indonesia), and zinc (second after China). The country is a significant producer of oil and gas. Ongoing development of natural gas and condensates in the Camisea basin is boosting the extractive sector contribution to Peru’s economy and to the Government’s fiscal revenues.
Eiti Reporting
The country produces EITI Reports that disclose revenues from extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled
No preparations have been made for next report.
EITI Implementation
Designated compliant in February 2012, Peru’s EITI implementation slowed down in 2012. The 2012-2014 work plan, approved in December 2012, includes publishing the 2011-2012 report in 2013, disseminating it together with the previous report in 2013 and piloting three regional implementations. The Sectretariat has been staffed in early 2013 , however other progress with the work plan has been limited in 2013.
Innovations
- Partially disaggregated data by company and revenue stream
- Government unilaterally discloses all revenues
- Exemplary dissemination campaign, including regional events in most important mining areas, summary report and educational materials.
- Pilot report at sub-national level (Cajamarca municipality)
- Reports include voluntary social transfers