the mineral industry of peru 1997 w1 p eru by alfredo c gurmendi in with a population more than 24 million had gross domestic product gdp about 54 billion 1 minerals and related industries were 8 7 s mining export revenues represented 40 total earnings peruvian attained 4 growth considerably higher 2 1996 inflation rate for year was running at an average 6 5 much lower 11 spite effects el niño asian financial crisis prices its major exports mainly copper gold lead silver zinc yearend foreign debt amounted to 27 reported net international reserves 10 sociedad nacional de minería y petróleo 15 saw several important changes such as privatization state owned firms modernization government control terrorism stabilization economy investors viewed efforts distinct