Economic Groups and the Mining Bonanza in Peru

• Autor: Torres Cuzcano, Víctor
• Formato: artículo
• Fecha de Publicación: 2014
• Institución: Universidad del Pacífico
• Repositorio: Revistas - Universidad del Pacífico
• Lenguaje: español; inglés
• OAI Identifier: oai:ojs.revistas.up.edu.pe:article/720
• Enlace del recurso: https://revistas.up.edu.pe/index.php/apuntes/article/view/720
• Nivel de acceso: acceso abierto

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.