Peruperus Natural Resourcesgold Mining

With the market for metal on the rise, companies have been scanning the globe seeking high quality mineral investment opportunities. Peru inparticular, due to the countries vastly rich natural resources, it’s mining friendly government and fair tax policies. Peru is a developing country located in western South America bordering the South Pacific Ocean, between Chile and Ecuador. Peru produces a  plethora of natural resource, from fish to gold. Peru is a source of both natural gas and petroleum. In fact in 2004 Peru inaugurated operations of Camisea natural gas, which has transformed there energy matrix.  Petroleum has reduced the country’s dependency on imported diesel. Peru’s natural resources also include, fish, copper, silver, iron ore, and coal. Among those resources you can include gold which is found extensively throughout the country, and today Peru has become one of the most sought after gold targets. The U.S. is Peru’s number one trade partner.  Despite Peru’s potential mineral wealth specially gold, exploitation lagged the last third of the 20Th century. Reasons for this lag are due to Peru’s lack of transportation facilities, scarcity of processing plants, diminishing forgein trade, and world price fluctuations.

Peru’s Natural Resources and There Standings

1. Silver- Peru is actually the top producers of silver in the world.

2. Zinc- Peru is second to the highest producer of zinc.

3. Copper- Peru is ranked as the third largest producer of copper.

4. Lead- Peru comes in fourth in the world’s production of lead.

5. Gold- Peru is ranked the sixth largest producer of gold.

While Peru accounts for about 4% of the worlds annual renewable water resources, over 98% is available east of the Ande’s in the amazon region. Along the coastal area of Peru where most economic activities, and more than half there population only 1.8% of that water resource is received there. Plus, timber Peru has the third largest extent of tropical rain forest in the world. These forests are considered the richest both in the biological aspect but also natural resources.(Timber) Eighty percent of which is considered primary forest with estimated loses between 224,000 and 300,000 hectares of forest per year, an annual forest rate of 0.35-0.5 percent.  One cause of the deforestation and environmental degradation in the Peruvian Amazon is gold mining, the forests here are home to many gold deposits. Hence the sixth ranking in the world as a largest gold distribute.