Mining and hydrocarbons contribute significantly to the Peruvian economy. The extractive sector generated 75% of total Peruvian exports in the first half 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.
Preparations for Peru's third report, covering fiscal years 2011 and 2011 are underway. The selection of the Independent Administrator is expected in early November 2013. In accordance to the transition arrangements to the EITI Standard approved by the EITI Board on 21 August 2013, Peru needs to publish the 2011 Report before 31 December 2013 and the 2012 report before 31 December 2014, both according to the EITI Rules (2011) and the 2013 report before 31 December 2015 in accordance with the EITI Standard.
- 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.