LEAD AND ZINC IN PERU: RESOURCES AND SUPPLY TRENDS

LEAD AND ZINC IN PERU: RESOURCES AND SUPPLY TRENDS Jorge ACOSTA ALE, Alexander SANTISTEBAN & Dina HUANACUNI INSTITUTO GEOLÓGICO MINERO Y METALÚRGICO ...
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LEAD AND ZINC IN PERU: RESOURCES AND SUPPLY TRENDS Jorge ACOSTA ALE, Alexander SANTISTEBAN & Dina HUANACUNI

INSTITUTO GEOLÓGICO MINERO Y METALÚRGICO Dirección de Recursos Minerales y Energéticos Programa de Metalogenia Lima, Setiembre 2015

Content • Lead and zinc metallogenic belts • Global and local statiscal data • Local production by metallogenic belt and ore mineral deposit type • National historical production • Future Pb-Zn producers and supply trend • Total Pb-Zn reserves and resources • Conclusions

Lead and Zinc Belts

Main Lead & Zinc Belts in Peru Tons of Fine Lead X 1000

Mines

Projects Tambogrande

15 Tons of Fine Zinc X 1000 < 50 50-100 100-200 > 200

Bongara La Granja

Mines

Antamina Milpo

Projects

Cerro de Pasco Colquijirca

Santa Luisa

Animón María teresa

San Cristobal-Volcan

C° Lindo

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits

Lower Cretaceous– Paleocene VMS Cu-Zn-Au Source: Modified from Mapa Metalogenético del Perú. INGEMMET, Acosta et al, 2014 - Ministerio de Energía y Minas. Dirección de Energía de Minas. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Catalina Huanca

Corani

San Cristobal-Bateas

Other non Lead & Zinc Belts in Peru Tons of Fine Lead X 1000

Mines

Projects Tambogrande

15

Bongará

La Granja

Antamina

Tons of Fine Zinc X 1000 < 50 50-100 100-200 > 200

Mines

Projects San Vicente San Cristobal-Volcan C° Lindo

Metallogenic belts

Catalina Huanca

Accha

Corani

Constancia San Cristobal-Bateas

Miocene epithermal Au-Ag deposits Eocene-Miocene MVT deposits Eocene-Oligocene porphyry –skarn Cu-Mo-Au Source: Modified from Mapa Metalogenético del Perú. INGEMMET, Acosta et al, 2014 - Ministerio de Energía y Minas. Dirección de Energía de Minas. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Santa Ana

Lead

World Lead Production 1980-2014 3.0

Million Tons of Fine Lead

2.5

2.0

6.0 OTHERS

CHINA

AUSTRALIA

USA

PERU

MEXICO

RUSSIA

INDIA

BOLIVIA

CANADA

SOUTH AFRICA

MOROCCO

3.4

4.9

5.0

4.0 3.4

3.4 3.0

3.0

2.9

1.5

3.0

1.0

2.0

0.5

1.0 0.19

0.19

0.26

0.21

0.30

0.32

0.26

0.0

0.0 1980-1984

1985-1989

1990-1994

1995-1999

2000-2004

Average each 5 years Source: Survey-USGS-US Geological, International Lead and Zinc Study Group-ILZSG. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

2005-2009

2010-2014

Latin America Lead Mine Supply 2005-2014 ‘000 tonnes

% of World Total

800

17%

700

16%

600

15%

500 400 300

14% 13% 12% 11%

200

10%

100

9%

0

8% Source: ILZSG

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Breakdown of Lead Mine Supply 2014 Bolivia 14%

Brazil 2%

Guatemal 2%

Latin America 14%

Honduras 2%

Argentina 4%

North America 7%

Africa 2% Europe 9%

Mexico 36%

Peru 40%

Oceania 14%

Latin America

Asia 54%

World Source: ILZSG

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Lead Mines in Peru - 2014 Annual Production Tons of Fine Lead X 1000 15

Mines

Antamina Raura Santa Luisa Uchucchacua

278,000 MT

Mallay Iscaycruz Santander Ma Teresa Ticlio Casapalca Americana C° Lindo

Atacocha Milpo Cerro de Pasco Colquijirca Huarón

Animón San Cristobal-Volcan

Yauricocha Huachocolpa Catalina Huanca San Cristobal-Bateas

Source: Ministerio de Energía y Minas. Dirección de Energía de Minas. Anuario Minero 2014. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Peruvian Lead Production by Metallogenic belt 400

Thousand Tons of Fine Lead

Miocene skarn, replacement & polimetallic vein deposits belt 350 Miocene epithermal Au-Ag belt 300 Lower Cretacic - Paleocene VMS belt 250

200 150 100 50 0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Peruvian Lead Production by Deposit Type 400

Thousand Tons of Fine Lead

Ephitermal, skarn, replacement & polimetallic vein deposits 350

Skarn

300

IS & LS Epithermal MVT

250

VMS

200 150 100 50

0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Historic Cumulative Lead Production in Peru Total Production in Peru

~14 MMT (100%) From Miocene belt 13.5 MMT (97%)

13.5 MMT 97%

From Lower Cretacic-Paleocene belt 0.3 MMT (2%) Other no Pb-Zn belts 0.1 MMT (1%)

Production 2014 Tons of Fine Lead X 1000 15

Antamina Raura Santa Luisa

Mines

Uchucchacua Mallay Iscaycruz Unidad Santander Ma Teresa Ticlio Casapalca Americana C° Lindo

0.3 MMT 2%

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits Lower Cretaceous– Paleocene VMS Cu-Zn-Au

Source: Modified from Mapa Metalogenético del Perú. INGEMMET, Acosta et al, 2014 - Ministerio de Energía y Minas. Dirección de Energía de Minas. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Atacocha Milpo Cerro de Pasco Colquijirca Huarón

Animón San Cristobal-Volcan

Yauricocha Huachocolpa Catalina Huanca San Cristobal-Bateas

Lead Resources and Reserves in the Main Pb-Zn Belts in Peru Total reported resources in Peru

~22 MMT (100%) From Miocene skarn, replacement and veins belt

15 MMT (70%) From Lower Cretacic-Paleocene belt 0.4 MMT (2%) From Miocene Epithermal Au-Ag belt 5 MMT (21%) Other non & Pb belts 1.5 MMT (7%)

Millions tons of Fine Lead

Mines Projects

0.4 MMT 2%

10

15 MMT 70%

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits Miocene epithermal Au-Ag deposits

Lower Cretaceous– Paleocene VMS Cu-Zn-Au Source: Modified from Mapa Metalogenético del Perú. INGEMMET. Acosta et aI, 2014 - Memorias de compañías mineras. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

5 MMT 21%

Main Lead Deposits with Resources and Reserves in Peru (> 500,000 Fine tons) Millions tons of Fine Lead

Mines Projects

Tomapampa Zn-Pb-Cu Cerro Colorado Pb-Zn-Cu

Potrobayo Pb-Zn-Cu

Bongara Zn-Pb-Ag El Dorado Cu-Pb-Zn-Ag-Au

10

Sinchao Pashpap Cu-Au-Ag-Zn-Pb-Mo Cu-Mo-Ag-Pb-Zn Contonga

Pachapaqui Raura Atacocha

Antamina Aija Pb-Zn-Ag-Cu

Hilarión Zn-Pb-Ag

12 10.72

Million Tons of Fine of Lead

Cerro de Pasco Colquijirca

Pallca Pb-Zn-Ag

Shalipayco Zn-Pb-Ag Animón San Cristobal-Volcan Yauricocha Recuperada Accha

Uchucchacua

Invicta Au-Ag-Cu-Pb-Zn

10

Huarón

8 6

Zn-Ag-Pb

C° Lindo 4

Constancia Cu-Mo-Au-Ag-Pb

2.63

2

1.83 1.21

Corani Pb-Zn-Ag-Cu

Caylloma

1.18 0.39

0.36

0.35

0.30

0.28

0.24

0.23

0.22

0.22

0.22

0.21

0.16

0.15

0.12

0.09

0.08

0

Source: Modified from Mapa Metalogenético del Perú. INGEMMET. Acosta et aI, 2014 - Memorias de compañías mineras. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

0.08

0.07

0.07

0.07

0.06

0.05

Santa Ana Ag-Zn-Pb Ataspaca Cu-Ag-Pb-Zn

World Lead Reserves 2014 Resources: >2000 million metric tonnes (MMT)

Reserve Base 170 MMT Not to scale

Reserves 87 MMT contained lead metal

Mine Production 5.0 MMT

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Sources: USGS, ILZSG

World Lead Reserves 2014 Breakdown •

Despite increased consumption of lead produced from ore in recent years, increases in reserves have grown more, and there is more lead available to the world than at any other time in the past.

Source: USGS

Australia 40% China 16% USA 6%

Other 10%

Peru 8%

Russia 11%

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

India 3%

Mexico 6%

Future Producers and Supply Trend of Lead

Future Lead Producers in Peru Annual Production Million Tons of Fine Lead

Projects Extension

< 10 20-10 > 20 Antamina

45 40

Raura

40

Atacocha Milpo

Tons of Fine Lead x 1000

Santa Luisa 35 30 25

Mallay Iscaycruz Unidad Santander Ma Teresa Ticlio Casapalca Americana C° Lindo 2016

27 22 20

19

20

17

15

17 13

10 5

Cerro de Pasco Colquijirca 2015 Huarón

Uchucchacua 2015

12

12

12

11

10

10 8

9

8

8

7

7

2.5

0

Source: Ministerio de Energía y Minas. Dirección de Energía de Minas. Anuario Minero 2014. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Animón San Cristobal-Volcan

Yauricocha Huachocolpa Catalina Huanca

Accha 2017

San Cristobal-Bateas 7

6

6

6

6

Peruvian Lead Production by Metallogenic belt 400

Thousand Tons of Fine Lead

Miocene epithermal, skarn, replacement & polimetallic vein deposits belt

350 300

Miocene epithermal Au-Ag belt Eoceno-Oligocene porphyry-skarn belt Lower Cretacic - Paleocene VMS belt

250 200 150

100 50 0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Peruvian Lead Production by Deposit Type 400

Actual

Epithermal, skarn, replacement & polimetallic vein deposits

350

Forecast

345

340

Skarn

Thousand Tons of Fine Lead

300

300

IS & LS Epithermal

297

MVT

250

278

Accha + Cerro Lindo

230

VMS

200 150 100 50 0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

+ Colquijirca + Uchuchacua

Zinc

World Zinc Production 1980-2014 5.0

13.0

4.5

Million Tons of Fine Zinc

4.0 3.5

OTHERS

CHINA

AUSTRALIA

PERU

USA

INDIA

MEXICO

CANADA

BOLIVIA

KAZAKHSTAN

7.1

2.5

12

10.9

3.0 7.1

14

10

9.1

7.4

8

6.4

6

2.0 1.5

1.4

1.3

4

1.2

1.0

0.8 0.5

0.6

2

0.6

0.5 0.0

0 1980-1984

1985-1989

1990-1994 1995-1999 2000-2004 Average each 5 year

Source: Survey-USGS-US Geological, International Lead and Zinc Study Group-ILZSG. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

2005-2009

2010-2014

Latin America Zinc Mine Supply 2005-2014

‘000 tonnes 3000 2500

% of World Total 25%

23%

2000

21% 1500 19% 1000 500 0

17% 15% Source: ILZSG

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Breakdown of Zinc Mine Supply 2014 Bolivia 18%

Brazil 6%

Latin America 21%

Chile 2%

Argentina 1%

Honduras 1%

Mexico 24%

North America 9%

Africa 2%

Europe 8%

Oceania 12%

Peru 48%

Latin America

World

Asia 48% Source: ILZSG

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Zinc Mines in Peru - 2014 Annual Production Tons of Fine Zinc X 1000 < 50 50-100 100-200 > 200

Mines

Antamina Raura Santa Luisa

Tons of Fine Zinc x 1000

300

1.3 MMT

174

Milpo Cerro de Pasco Colquijirca Huarón San Cristobal-Volcan Carahuacra Andaychagua Yauricocha

Iscaycruz Animón Unidad Santander Maria Teresa Ticlio Casapalca Americana

266

250 200

Atacocha

150

C° Lindo

106 100 50

85

Catalina Huanca 75

66 47

39

36

35

29

28

27

26

24

23

0

Source: Ministerio de Energía y Minas. Dirección de Energía de Minas. Anuario Minero 2014. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

21

18

17

16

Peruvian Zinc Production by Metallogenic belt 1.8

Million Tons of Fine zinc

1.6 1.4

Miocene skarn, replacement & polimetallic vein deposits belt Miocene epithermal Au-Ag belt Lower Cretacic - Paleocene VMS belt

1.2 1.0 0.8 0.6 0.4 0.2 0.0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Peruvian Zinc Production by Deposit Type 1.8 Ephitermal, skarn, replacement & polimetallic vein deposits

Million Tons of Fine zinc

1.6 1.4

Skarn IS & LS Epithermal MVT

1.2

VMS

1.0 0.8

0.6 0.4

0.2 0.0 Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Historic Cumulative Zinc Production in Peru Total Production in Peru

~41 MMT (100%) From Miocene belt 38.4 MMT (94%)

38.4 MMT

From Lower Cretacic-Paleocene belt 2 MMT ( 5%) Other no Pb-Zn belts 0.4 MMT ( 1%) Production 2014 Tons of Fine Zinc X 1000 < 50 50-100 100-200 > 200

94% Antamina Raura Santa Luisa

Atacocha

Milpo Cerro de Pasco Colquijirca Huarón San Cristobal-Volcan Carahuacra Andaychagua Yauricocha

Mines Iscaycruz Animón Unidad Santander Maria Teresa Ticlio Casapalca Americana

2 MMT

C° Lindo

5%

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits Lower Cretaceous– Paleocene VMS Cu-ZnAu Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Source: Modified from Mapa Metalogenético del Perú. INGEMMET, Acosta et al, 2014 - Ministerio de Energía y Minas. Dirección de Energía de Minas.

Catalina Huanca

Zinc Resources and Reserves in the Main Pb-Zn Belts in Peru Total reported resources in Peru

52 MMT (100%) From Miocene skarn, replacement and veins belt

30 MMT (58%) From Lower Cretacic-Paleocene belt 4.6 MMT (9%) From Miocene Epithermal Au-Ag belt 13.6 MMT (26%) Other non & Zn belts 3.8 MMT (7%)

Millions tons of Fine Lead

30 MMT 58%

Mines Projects

10

4.6 MMT 9%

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits Miocene epithermal Au-Ag deposits

Lower Cretaceous– Paleocene VMS Cu-Zn-Au Source: Modified from Mapa Metalogenético del Perú. INGEMMET. Acosta et aI, 2014 - Memorias de compañías mineras. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

13.6 MMT 26%

Main Zinc Deposits with Resources and Reserves in Peru (200,000 Fine tons)

Tomapampa Zn-Pb-Cu

Potrobayo Pb-Zn-Cu

Millions tons of Fine Zinc

Mines Projects

Cerro Colorado Pb-Zn-Cu

Tambogrande Cu-Zn-Au-Ag

Bongará Zn-Pb-Ag

La Granja Cu-Mo-Zn

10

El Dorado Cu-Pb-Zn-Ag-Au

Sinchao Cu-Au-Ag-Zn-Pb-Mo

Antamina

Pashpap Cu-Mo-Ag-Pb-Zn

Hilarión Zn-Pb-Ag

Aija Pb-Zn-Ag-Cu

Million Tons of Fine of Zinc

12 10

Ballena Cu-Au-Fe-Zn

11.1

Invicta Au-Ag-Cu-Pb-Zn Animón Antares Cu-Au-Zn Maria Teresa

8.8

Shalipayco Zn-Pb-Ag San Cristobal-Volcan Yauricocha

Azulcocha Zn-Au

6

C° Lindo

Accha Zn-Ag-Pb

3.5 3.3 3.0

Corani Pb-Zn-Ag-Cu

Catalina Huanca 2.2 2.1 2.0

2

Cerro de Pasco Colquijirca

Pallca Pb-Zn-Ag

8

4

Milpo

Shouxin Zn

1.7 1.5 1.4 1.4 1.4

0.8 0.8 0.7 0.6 0.6 0.6 0.5 0.5 0.4 0.4 0.3 0.2 0.2 0.2

0

Source: Memorias de compañías mineras. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Santa Ana Ag-Zn-Pb Ataspaca Cu-Ag-Pb-Zn

World Zinc Reserves 2014 Resources: about 1900 million tonnes (Mt)

Reserve Base 480 Mt Not to scale

Reserves 230 Mt contained zinc metal

Mine Production 13.3 Mt

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

Sources: USGS, ILZSG

World Zinc Reserves 2014 Breakdown •

Despite increased consumption of zinc produced from ore in recent years, increases in reserves have grown more, and there is more zinc available to the world than at any other time in the past.

China 19%

Peru 13%

Australia 27%

Kazakhstan 4%

Other 23%

Mexico 7% Canada 3% Source: USGS

Source: Don Smale. 2nd EU - Latin America Dialogue on Raw Materials. Cartagena, Colombia, 22-23 September 2015

USA 4%

Future Producers and Supply Trend of Zinc

Future Zinc Producers in Peru Annual Production Million Tons of Fine Zinc

Projects Extension

< 50 50-100 > 100 Antamina Raura Santa Luisa

300

Tons of Fine Zinc x 1000

266

202 174

150 106

100

50

Milpo Cerro de Pasco Colquijirca 2015 Huarón San Cristobal-Volcan Carahuacra Andaychagua Yauricocha

Uchucchacua 2015 Iscaycruz Animón Unidad Santander Maria Teresa Ticlio Casapalca Americana C° Lindo 2016

250

200

Atacocha

85

75

66

Catalina Huanca

Shouxin 2015

60 47

46

39

36

35

30

29

28

27

26

24

7

0

Source: Ministerio de Energía y Minas. Dirección de Energía de Minas. Anuario Minero 2014.

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

23

21

18

17

16

11

8

Accha 2017

Peruvian Zinc Production by Metallogenic belt 1.8 Miocene skarn, replacement & polimetallic vein deposits belt

Million Tons of Fine zinc

1.6 1.4

Miocene epithermal Au-Ag belt Eoceno-Oligocene porphyry-skarn belt Lower Cretacic - Paleocene VMS belt

1.2 1.0 0.8 0.6 0.4

0.2 0.0

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Peruvian Zinc Production by Deposit Type 1.8

Million Tons of Fine zinc

1.6 1.4 1.2

Actual

Ephitermal, skarn, replacement & polimetallic vein deposits

Forecast

1.60

Skarn IS & LS Epithermal

1.42 1.48 1.39

1.37 1.31

MVT VMS Other deposits

1.0 0.8 0.6

0.4 0.2

0.0 Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

1.26 1.20

Accha + Cerro Lindo Minera Shouxin + Colquijirca + Uchuchacua

Conclusions • Pb-Zn productions come from Miocene polimetallic and Lower Cretaceous VMS belt. • The future of Pb-Zinc endowment are located mainly in the Miocene polimetallic and Miocene Epithermal Au-Ag (by-product) deposits belts. • In the Pb-Zn belts the tonnage and grade of Pb vary from 5 to 2,800 MMT and from 0.04 to 10 %Pb. • The tonnage and grade of Zn vary from 9 to 6,000 MMT and from 0.1 to 14 %Zn in the Pb-Zn belts .

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Lead & Zinc Belts in Peru: Grades & Tons Total reservers & resources reported in Peru

5 MMT @ 0.5-0.6 %Pb 18 MMT @ 8-14%Zn

22 MMT Pb 52 MMT Zn Millions tons of Fine Lead

Mines Projects

10

94 MMT @ 0.22-3.0 %Pb 267 MMT @ 0.8-10 %Zn

2,815 MMT @ 0.05-5.3 % Pb 6,036 MMT @ 0.11-10 %Zn 500 MMT @ 0.04-0.46 %Pb 9 MMT @ 6.1-9.0 %Zn

Metallogenic belts Miocene epithermal, skarn, replacement & polimetallic vein deposits Miocene epithermal Au-Ag deposits Eocene-Miocene MVT deposits Eocene-Oligocene porphyry –skarn Cu-Mo-Au Lower Cretaceous– Paleocene VMS Cu-Zn-Au

472 MMT @ 0.1-5.2 %Pb 476 MMT @ 0.1-8.6 %Zn

Source: Modified from Mapa Metalogenético del Perú. INGEMMET, Acosta et al, 2014 - Ministerio de Energía y Minas. Dirección de Energía de Minas. Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Conclusions • National Pb-Zn productions in 2014 were 278,000 and 1’320,000 fine metric tons (FMT) respectively. Reserves and resources of Pb-Zn are 22 and 52 fine MMT. Theresfore, productions are ensured by 73 and 39 years respectively (considering by-products). • Extensions of Colquijirca and Uchuchacua and starting operation of Accha and Minera Shouxin on 2017 will increase the national production of Pb and Zinc to peak of 340,000 and 1’480,000 FMT respectively.

Source: Jorge ACOSTA et al. 2015. MAIN METALLOGENIC BELTS AND SUPPLY TREND OF LEAD AND ZINC IN PERU. Pro Explo 2015.

Gracias

LEAD AND ZINC IN PERU: RESOURCES AND SUPPLY TRENDS Jorge ACOSTA ALE, Alexander SANTISTEBAN & Dina HUANACUNI

INSTITUTO GEOLÓGICO MINERO Y METALÚRGICO Dirección de Recursos Minerales y Energéticos Programa de Metalogenia Lima, Setiembre 2015

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