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Peru

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Her story was very interesting and truly inspiring. She got an undergraduate degree in Chemical Engineering from Peru and was very keen on working as a field engineer. However, being a woman she was not given the opportunity to work as a field engineer and was restricted to working in the labs. Later she got an opportunity to work as an administrative manager at a company which she keenly took and then later on went on to pursue her MBA from . She specializes in strategic management, organizational design and human resources.
With her abundant experience in mining she provided us valuable insights specifically into the mining industry. Peru has an enormous economic strength in the form of multiple mineral deposits and is currently ranked 4th in the world. It currently occupies 7th place among the top 10 leading mineral producing countries, with an estimated production value of US$ 27,063 million. The primary competitive advantage for Peruvian mining is its diversification of minerals being produced: copper, gold, silver, lead, zinc, tin, molybdenum, iron, cadmium, mercury, selenium, indium and other metals. It is the region’s top producer of zinc, tin, lead and gold, and occupies second place in the production of copper, silver, molybdenum, mercury, selenium, cadmium and phosphoric rock. Currently, Peru has a sufficient reserve of minerals to generate a constant flow of metal production for several decades. The high rates of production have attracted a large amount of inbound investment into Peru's mining sector. An estimated US$ 59.5 billion is expected to flow into the country over the next few years. New mines and expansion projects are expected to more than double its copper production by 2016.
The Peruvian economy was revived by the resurgence of the mining sector and has been one of the key drivers behind the company’s stellar growth records. However this industry has been criticized in the recent past and has been tainted with controversies due to its environmental effects. One of such major controversial mining companies has been Newmont Mining which was involved in the highly controversial Conga gold and copper mine project. The project was owned jointly with Peruvian company Compania de Minas Buenaventura. At the end of November 2011, Newmont announced a suspension of the USD 4.8 billion Conga mining project after days of increasingly violent protests, in which several people were reportedly injured. believes that the lack of use of technology in the mining sector could have also made it controversial. There are ways through the use of technology to make mining less hazardous. The government along with the mining companies should explore these technological improvements to harness the natural resources in the form of minerals for the economic development of Peru.

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