Overview of Extractive Industries

Peru is the world’s sixth-largest producer of gold and copper and the second largest producer of silver. It also ranks highly in output of zinc and lead. In 2008, mining accounted for 6% of GDP, but provided over 70% of total export. 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.

Status of EITI Implementation

On 14 December 2010, the EITI Board designated  Peru, as a EITI Candidate country that is “Close to Compliant”. Peru was granted six months (until 12 June 2011) to complete the remedial actions needed to achieve compliance. Peru has requested to the International Secretariat on 11 June 2011 the Secretariat review to complement the validation report. Based on this the Secretariat will reassess Peru's compliance. The Secretariat review is undergoing.

CAC75 conducted EITI Validation in June-August 2010. A final validation report was submitted to the International Board in September 2010.

The first EITI reconciliation report, produced by Ernst & Young, was published in November 2009 and is available in the webpage of the Ministry of Energy and Mines, as well as through the following link: http://intranet2.minem.gob.pe/web/eiti/archivos/publicaciones/Estudio_Conciliación.pdf.

Peru was admitted as a EITI Candidate country by the EITI Board in September 2007.

Governance of EITI Implementation

On 12 May 2006, the Government of Peru published an Executive Decree that approves the EITI Action Plan, creates an EITI Working Group which represents the entire stakeholder’s constituency, and provides a legal basis to the implementation of EITI. The mandate of this working group was renewed by Presidential Decree 5 September 2008.

The EITI National Committee (called COMISION NACIONAL, in Spanish)

Ministry of Energy and Mines - TBA
Dr Felipe Isasi - Vice-Minster of Mines
Sr. Jose L. Carbajal - Technical Secretary of the Commission
Ministry of Finance- Sr. Hugo Oropeza - DG Social Management
Universities ( Pacific University - Sra. Cynthia Sanborn; Catholic University- Sr Carlos Wendorff)
Civil Society -  Grupo Propuesta Ciudadana - Sr Epifanio Baca
Centro Bartolome de las Casas - Sr. Marco Zeisser
Industry - Sociedad de Mineria, Petroleo y Energia - Sra. Caterina Podesta
Southern Peru Copper Co. - Sr. Carlos Aranda
Aguaytia Energy del Peru - Sr. Dante LaGatta

EITI Focal Point

Jose Luis Carbajal
Director General of Social Managment
Ministry of Energy and Mines
Email:jcarbajal [at] minem [dot] gob [dot] pe

Companies operating*

Oil & gas companies: Petrobras*, Repsol*, CNPC (China), Ecopetrol (Colombia), Petroleos (Spain), Pluspetrol (Argentina), Sonatrach, ConocoPhilips*

Mining companies: Anglo American*, Barrick Gold*, BHP Biliton*, Freeport-McMoran*, Gold Fields*, Newmont*, Nippon Mining & Metals*, Rio Tinto*, Sumitomo Metal Mining*, Teck Cominco*, Vale*, Xstrata (Glencore)*, Shougang Corp (China), Grupo Mexico, Iamgold, Imerys, Pan American Silver, Southern Copper, Tiomin Resources
* EITI Supporting Company

* Note: Company list based on EITI research and is not conclusive

For further information, please contact Francisco Paris in the EITI International Secretariat.