Second National Reconcilation Study EITI Peru - unofficial…

Consultancy for the Second National Reconciliation Study of the
Extractive Industries Transparency Initiative (EITI) in Peru (2008 – 2010)
(Continuation)
VI.2. Mining Royalties
Mining royalties are determined for mining companies in operation. Of the universe of companies
signed up to the Second Study, 26 of the 33 companies classified as mining companies are in such
production stage. Of these 26 companies in operation, 5 have entered tax and administrative
stability agreements prior to entry into force of the Mining Royalty Law N° 28258 (June 2004), so
the obligation to pay the Mining Royalty is not applicable to such companies in the period under
review. Therefore, the universe of companies signed up to the Study which are required to pay
mining royalty and for which the applicable reconciliation has been conducted consists of 21
companies
Mining companies in the prospecting stage to which mining royalties do not apply are:
1. Anglo American Michiquillay S.A.
2. Anglo American Quellaveco S.A.
3. Anglo American Exploration del Perú S.A.
4. Anglo American Perú S.A.
5. Río Tinto Minera Perú Limitada S.A.C.
6. Lumina Copper S.A.C.
Mining companies in production stage which have entered tax and administrative stabilty
agreements prior to the entry into force of the Mining Royalty Law N° 28258 (June 2004) and are
therefore not required to pay the Mining Royalty during the period under review are:
1. Compañía minera Antamina S.A.
2. Sociedad Minera Cerro Verde S.A.A.
3. Xstrata Tintaya S.A.
4. Minera Barrick Misquichilca S.A.
5. Compañía minera Milpo S.A.A.
Consultancy for the EITI Peru Multi-Sector Working Committee
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