Economic Groups and the Mining Bonanza in Peru

José Lannes

Apuntes. Revista de ciencias sociales, 2014, vol. 41, issue 75, 171-210

Abstract: This paper analyzes the organizational strategies of the five most important national economic groups in the Peruvian mining industry – Buenaventura, Brescia, Volcan, Hochschild, and Milpo – during the first decade of this century, a period characterized by a sustained mining boom resulting from rising international prices of metals and by increased socio-environmental conflicts. In the unprecedented context of the boom, these mining groups strengthened their finances as a result of windfall profits, reformulated their business strategies in response to socio-environmental conflicts, reinforced (with the exception of Milpo Group) their principal characteristic as enterprises under the control and ownership of Peruvian families, and initiated the internationalization of their investments.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pai:apunup:en-75-06

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