PeruPeru, spanning both the Andes and the Amazon, has a long history of resource extraction. Mining is the country’s main economic activity.
Peru is a significant global producer of copper, gold, silver and zinc. It also has hydrocarbon reserves mainly located in the Amazon, a biome comprising over 60 percent of the country’s surface area.
Peru has the potential to benefit from transition minerals such as copper, but must enhance sector governance, transparency, and the distribution and use of income—especially subnationally. Authorities must also implement stronger safeguards and improve environmental and social standards. The country’s crisis-prone politics negatively impact management of its natural resources, exacerbating informality, illegality and corruption.