Nicola Ware

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Nicola Ware

• Head of UK Trade Investment
• British Embassy
• Lima
• nicola.ware_at_fco.gov.uk
• www.britemb.org.pe

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Peru, Mining and EITI

• Some figures
• Some problems
• What is EITI?
• Is EITI important? Why?
• How is Peru doing?

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Some figures
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Peru a mining nation 2005 production
2005 Production World Ranking Latin America Ranking
Copper (MT) 1,009,898 5 2
Zinc (MT) 1,201,671 3 1
Lead (MT) 319,345 4 1
Gold (oz) 6,903,587 5 1
Silver (oz) 106,072,251 2 2
Tin (MT) 42,145 3 1
Source Ministry of Energy and Mines
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Mining means incomeshare of national corporate
income tax
Source SNMPE
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Mining means income... Total exports USbn
Source MEM
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and income means growth. GDP growth 1991 2005
Av. Mining GDP growth 8.6 Av. National GDP
growth 4.2 (1991 100)
Source SNMPE
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and growth means income where its needed
INVESTMENT PROJECTS
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Canon Minero some results (2000 2005)

• Construction of 850 kms of asphalted roads
• Maintenance of 1752 kms of roads
• Provision of educational material to 100,000
  pupils
• 764 health campaigns benefiting 300,000 people
• Training of 8,800 teachers
• Installation of 315 km of electricity lines,
  benefiting 156,000 people
• Provided temporary employment for 30,000 people

Source SNMPE
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Source SNMPE
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Source SNMPE
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Some problems
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LACK OF TRUST
Trust in public sector institutions is lower in
Peru than anywhere in Latin America