In 2016, tax collection from Peru’s mining sector was negative. In other words, the government returned more money to miners than these companies paid in taxes paid. The result was that the collection was approximately negative USD 250 million. How did this happen?
This Spanish-language report from Peruvian civil society organization Grupo Propuesta Ciudadana explains the main challenges of Peru’s mining sector. It provides an assessment of what happened to that sector in 2016, presenting illuminating statistics on production, investment, value of extraction, taxes and royalties, among others. It also discusses critical issues such as economic diversification and the environmental impacts of extractive industries.
Claudia Viale is a Latin America officer with the Natural Resource Governance Institute (NRGI).