Welcome!

2015 Americas' School of Mines

Welcome to Lima, Peru

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2015 Americas' School of Mines Slide 3

May

Mining

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Peru

2015 Americas' School of Mines

Peru IS a mining country

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14%Mining represents over 14% of Peru’s

gross national product.

US$8.6b

Total mining investments during

2014 reached US$8,654 million,

with one of the strongest project

pipelines in Latin America.

10%In 2014, the mining

sector contributed with 10.1% of the

third category income tax

2015 Americas' School of Mines

Peru is polymetallic

Peru features the largest-known silver reserves, according to the US Geological Survey.

Peru is the world’s third-biggest producer of copper, silver, tin and zinc.

First in Latin America for zinc, tin, lead and gold.

In 2014, the mining sector represented 58% of the exports, and 36% of the mining exports were sent to China.

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Reserves Production Exports

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Project pipeline

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AREQUIPA14.83%

MOQUEGUA8.32%

JUNÍN8.87%

CAJAMARCA

14.28%

With EIA approved: 45%

With EIAin evaluation: 1%

In exploration: 39%

15%

Expansions

Based on Actual Phase

More than 10%Between 1% y 10%Less than 1%

APURIMAC26.26%

(9 projects)

(18 projects)

(2 projects)

(24 projects)

By Region

% based on investment

2015 Americas' School of Mines

Project pipeline

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$63,928Projects are in

the pipeline, up to 2020.

Mostly copper, gold and iron.

Projects with authorization to

construct or currently in a

construction phase.

million dollars is investment

represented by the number of projects in Peru’s pipeline

53 9

2015 Americas' School of Mines

Projects and Investments: who’s funding them

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China35%

Canada14%

EE.UU.16%

Mexico7%

UK8%

Fuente: MEM

Australia6%

2015 Americas' School of Mines

Statistics

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9,790

14,735

17,439 18,101 16,482

21,903

27,526 27,467

23,554

20,410

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

1,086 1,610

1,249 1,708

2,822

4,069

7,243

8,503

9,724

8,654

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Exports (US $ m)

Investment (US $ m)

2015 Americas' School of Mines

Main mining projects

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For this year and the next, there are several mining projects in construction expected to start-up operations, including:

• Gold: Inmaculada, Invicta, among others.

• Silver: Corani and Crespo

• Copper: Las Bambas; Cerro Verde, Toquepala and Toromocho’s expansion, among others.

2015 Americas' School of Mines

Peru’s mining potential

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Slide 11

14.6% of the Peruvian territory has mining concessions

0.36% under exploration

0.98% used for production

only 1.34%of the territory used for mining activity

2015 Americas' School of Mines

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Agenda

PwC Americas’School of Mines

2015 Americas' School of Mines

PwC School of Mines – Agenda

Wednesday

09:30 - 10:45

10:45 - 11:00

11:00 - 12:15

12:15 - 13:30

13:30 - 15:30

15:30 - 16:45

16:45 - 18:00

18:30

Megatrends & Impact on Mining

Break

Panel: Latin America Geopolitical Risk

Panel: From Exploration to Production

Lunch

Training sessions – block 1

Training sessions – block 2

Social Event

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2015 Americas' School of Mines

PwC School of Mines – Agenda

Thursday

09:00 - 10:15

10:15 - 11:30

11:30 - 11:45

11:45 - 13:00

13:00 - 14:15

14:15 - 15:30

15:30 - 16:45

16:45 – 17:00

Training sessions – block 3

Training sessions – block 4

Break

Training sessions – block 5

Lunch

Panel: Operating in tough times

Panel: Mining investment - “2015 and Beyond”

Closing

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Slide 14

pwc.com/pe/mineria

© 2015 PricewaterhouseCoopers S. Civil de R.L. Todos los derechos reservados. En este

documento, "PwC” hace referencia a PricewaterhouseCoopers S. Civil de R.L., que es una

firma miembro de PricewaterhouseCoopers International Limited, cada una de las cuales es

una entidad jurídica separada e independiente.