Peru

Although Peru is not subject to international treaties binding it to reduce carbon emissions, in May 2008 the government announced that the country would source up to 5% of its energy from non-conventional renewables, including wind, solar, biomass projects and small-scale hydroelectric projects of under 20 MW. Given that the country’s mega...

Exploration is the lifeblood of the mining industry. Junior mining companies, staffed by geologists and finance professionals, search for new deposits to bring them to a stage of development that make them targets for acquisition by major commodities producers. To do so they need to attract investors willing to bet on their projects and...

By any measure, Peru is a giant of the global mining industry. Only Chile and China produce more copper and the country is the world’s seventh-largest producer of gold and the third largest of silver. Add to that important deposits of zinc, tin, lead and iron ore, as well as non-metallic resources such as phosphates and uranium, and it is...

The Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has had a difficult three years in 2013-15, but market players believe conditions are beginning to point to a recovery in 2016.

After the hyper-inflationary shocks of the 1980s Peruvians had low levels of confidence in the national currency, as well as in government policy-making in general. Subsequent governments have sought to rebuild trust and restore macroeconomic stability. Part of achieving this was to allow free convertibility between the Peruvian nuevo sol and...

Before September 2015, all share transactions on the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) attracted a 5% tax on capital gains. The tax was disliked by market players, who suggested that it be repealed. But the authorities did not take action until low liquidity levels threatened to have the BLV downgraded from emerging market to...