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Development of a Large-Scale Mine: The Antamina Project

Felipe Cantuarias, Mining and Oil & Gas Development in Latin America (2001)

The “Investment-Attracting” process in Peruvian mining sector in the nineties is the result of a free-market economy, open to the world. This economic framework achieved social, financial and judicial stability and was characterized by private sector leadership based on the principle of free enterprise.

All this took place in an investment-fostering scenario, driven by privatization. A good example of the success achieved by this process is Antamina, project which is currently the largest mining mega-project being developed in the world.

To understand what Antamina means for Peru, we have to realize that its development is an important step forward for Peru, as it will help to consolidate its position as a major leader in the Latin American mining sector, by being a first-class world mining operation.