This EITI report covers Peru's extractive sector from 2017-2018. It is published in Spanish.
Peru is the piooner of EITI implementation in Latin America. It started to disclose revenue and payments information since 2007. EITI-Peru has published six EITI Reports covering fiscal years from 2004 to 2016 and disclosing around 50 billion USD in government revenues. The mining sector is the engine of Peru's economy. Peru is the second largest producer of copper and a powerhouse in gold and silver mining. Gas production is also significant. This has helped the government achieve important improvements in social and development indicators and enhanced economic growth and stability. Poverty levels were reduced from 42.4% in 2007 to 20.7% in 2016. For more economic and social indicators, see World Bank's data on Peru. Despite the importance of the extractive industries, social conflict in the producing communities has been a recurrent problem. The 2015-2016 EITI Report discloses the number of social conflicts in 2015 (1,385) and 2016 (1,383) and reveals that more than 80% of total environmental/social conflicts were related to the mining sector.
In this context, Peru is using the EITI process to address key community concerns. For the first time, the 2015-2016 EITI Report provides extensive reporting on social and environmental issues. EITI Perú also has ambitious plans to provide more detail on the distribution and use of extractive industry revenues by regional and local authorities. For this purpose, five local EITI processes have been established in the regions of Apurímac, Arequipa, Loreto, Moquegua and Piura. The goal is to improve transparency and accountability in the use of the revenues flowing from the mining activity to the regions, municipalities and universities.
Peru is a leading producer of mineral commodities ranking second in copper, silver and zinc production worldwide. In Latin America, Peru ranks first in gold, zinc and lead production. Oil production has been declining since 2007. Natural gas and condensates are concentrated in the Camisea basin in central Peru.
Peru has rich deposits of copper, gold, silver, lead, zinc, natural gas and petroleum. Abundant mineral resources are found mainly in the mountainous areas. It is considered one of the top ten richest mineral countries in the world. The following chart shows reserves as of 2016:
Reserves (proven and probable)
|Oil||402,324||Thousand Million barrels|
|Liquified Natural Gas||240,518||Thousand Million barrels|
|Gold||2,400||Thousand metric tons|
|Copper||81,000||Thousand metric tons|
|Iron *||1,403,189||Thousand metric tons|
|Molybdenum||450||Thousand metric tons|
|Lead||6,300||Thousand metric tons|
|Zinc||25,000||Thousand metric tons|
*Data from 2015
Source: 2015-2016 EITI Report
Regional and municipal governments receive, via transfers from the central government, around half of the Peruvian state’s revenues from the extractive industries. The other half is allocated to the national budget. There are a number of online tools with information about the national budget including Execution of funds and National budget systems.
In July 2020 the EITI Board granted an extension to the publication of Peru's 2017 Report to 31 December 2020 and to the start of the 3rd Validation to 1 January 2021.
On 17 June 2019, the Board concluded that Peru has made “meaningful progress” with implementing the EITI Standard, with considerable improvements across several individual requirements. More information in the Validation section below.
Peru has produced a roadmap for the disclosure of the beneficial owners as per EITI Requirement 2.5 ahead of the deadline of 31st December 2016. Peru published its 2015-2016 EITI Report in February 2018.
On 12 May 2006, the Government of Peru published an Executive Decree that created 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. In 2011, the EITI working group was given permanent status by Decree No.28-2011-EM of 11 June.
The EITI National Committee (called Comision Multisectorial Permanente del EITI, in Spanish) is chaired by EITI Champion Viceminister of Hydrocarbons Victor Murillo, and integrated by:
Technical Secretariat: Eleonora León y León
Government: Hugo Oropeza - Ministry of Finance DG Social Management; and Jorge Montero, Viceminister of Mines.
Civil Society - Universities: Ana Sabogal and Carlos Wendorff- Pontificia Universidad Católica del Perú
Civil Society - NGOs: Vanessa Cueto - Derecho, Ambiente y Recursos Naturales (DAR) and César Flores - Cooperaccion.
Industry - Association: Carmen Mendoza - Sociedad Nacional de Mineria, Petroleo y Energia.
Industry - Companies: Carlos Aranda, Oscar Gonzales- Southern Peru Copper Co, Pablo Alcázar Freeport McMoran and Jorge Luis Mercado - Repsol.
EITI Peru hosted the 7th EITI Global Conference in February 2016.
Peru was found to have made meaningful progress in meeting the EITI Standard in its first Validation on 11 January 2017.
The second Validation commenced on 11 Jully 2018, during which the EITI International Secretariat assessed the progress made in addressing the six corrective actions established by the EITI Board following the first Validation. On 17 June 2019, the Board decided that Peru made meaningful progress with considerable improvements. The Board has determined that Peru will have 12 months, i.e. until 17 June 2020 before a third Validation to carry out corrective actions. Under the new Validation schedule, Peru will be validated on 1 October 2021.
Peru's progress by requirement can be found in the scorecard below.
The Board found on 17 June 2019 that Peru had made overall meaningful progress in implementing the Standard, with considerable improvements across individual requirements. See Board decision 2019-45/BM-43
Timeline of Validation and related materials
This work plan covers the period of 2019 - 2021.
This EITI Report covers Peru's extractive sector in 2015 and 2016. It was published in 2018.
This is Peru's 2016 Annual Progress Report in accordance to requirement 7.4 and 8.4.