Minsur
- Company typePublic
- Founded1977
- HeadquartersSan Borja, Peru
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Minsur firmographics
Firmographics- Name
- Minsur
- Legal name
- Minsur S.A.
- Website
- https://minsur.com
- Company type
- Public
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Minsur industry classification
Industry- Product category
- Tin Mining
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Other Metal Ore Mining (21229), Copper, Nickel, Lead, and Zinc Mining (21223), Gold Ore and Silver Ore Mining (21222)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Metal Ores (1090), Gold And Silver Ores (1040), Secondary Smelting & Refining Of Nonferrous Metals (3341)
- akta.pro primary industry
- Copper Pyrometallurgy (Smelting, Converting) (IMAKADAE)
- akta.pro secondary industries
- Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC), Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)
Keywords
Where Minsur is headquartered
LocationHeadquarters
- HQ city
- San Borja
- HQ country
- Peru
- HQ region
- Latin America
Offices6 records
Markets served
Minsur business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Tin Production and Sales: Minsur is the second largest tin producer globally, operating San Rafael mine (underground) and Pisco refinery. In 2024, San Rafael produced 24,442 tonnes of tin and Pisco refined 30,926 tonnes at 99.95% purity. Revenue derived from global commodity sales to electronics, renewable energy, automotive, and food packaging industries.
- Gold Production: Pucamarca mine in Tacna produces gold through open-pit mining with leaching and crushing processes, producing doré bars with 40-50% gold content. Produced 56,331 ounces of gold in 2024.
- Tin from Tailings (B2 Plant): Circular economy initiative producing tin from old mine tailings. Produced 7,868 tonnes in 2024, representing 47% year-over-year growth and approximately 32% of total tin production.
- Copper (Mina Justa): Through subsidiary Marcobre, Minsur produces copper at Mina Justa in San Juan de Marcona, Ica, diversifying the product portfolio.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Minsur product offering
Product offeringCore offering
Minsur is a Peruvian mining company that produces and refines industrial metals — primarily tin (second-largest global producer), gold, and copper. It operates underground and open-pit mines, a tin refinery at Pisco producing 99.95% purity refined tin, and a tailings reprocessing plant that recovers tin from historic mine waste. Its metals are sold to global industrial buyers in electronics, renewable energy, automotive, and food packaging sectors.
Product overview
Minsur is a Peruvian mining company and the world's second-largest tin producer, operating a diversified portfolio of mining operations and processing facilities. The core operations include San Rafael (underground tin mine in Puno), Pucamarca (open-pit gold mine in Tacna), and Refinería Pisco (tin refinery in Ica achieving 99.95% purity using submerged lance technology). The company also operates Planta B2, a tailings reprocessing facility that recovers tin from historic San Rafael tailings, exemplifying their circular economy approach. Minsur's product portfolio centers on strategic metals: tin (used in electronics, batteries, and renewable energy) and gold (used in electronics, medical technology, and as a store of value). The company positions itself through SusTINable, a sustainable mining initiative that includes blockchain-powered traceability, the MINSEGUR safety management system, and environmental commitments including net-zero emissions by 2050. The company also operates the Portal de Proveedores for supply chain management. Subsidiaries include Mina Justa and Cumbres del Sur.
Differentiator
Problem solved
Functional benefit
Brands
- SusTINable: Sustainable tin value proposition for the world, focused on ensuring reliable supply of minerals through responsible, innovative, and sustainable practices.
Products and services
- San Rafael Tin Mine Underground tin mine in Antauta, Puno, Peru at 4,300 meters above sea level, operating since 1977. Uses flotation, gravimetry, and ore sorting technologies to produce tin concentrate, with 24,442 tonnes of tin produced in 2024 (+17% YoY). The mine serves global industrial buyers in electronics, renewable energy, automotive, and packaging.
- Pucamarca Gold Mine Open-pit gold mine in Palca, Tacna, Peru at 4,500 meters above sea level, operating since 2012. Uses crushing, leaching, and electric smelting to produce gold doré bars with 40-50% gold content. Produced 56,331 ounces of gold in 2024, with mine life extended to 2028 and zero water discharge operations.
- F&R Pisco Tin Refinery Tin smelting and refinery plant in Pisco, Ica, Peru that refines tin concentrate from San Rafael to 99.95% purity using submerged lance technology and the Optimus TIN AI platform. Produced 30,926 tonnes of refined tin in 2024 (+22% YoY record), employing 76% local staff.
- Planta B2 Tailings Reprocessing Plant Tailings reprocessing plant that recovers tin from old San Rafael mine tailings through a circular economy approach. Produced 7,868 tonnes of tin in 2024 (+47% YoY), representing approximately 32% of total tin production, and recycles 93% of water used. Awarded 'Creatividad Empresarial' and 'Perú por los ODS' awards in 2024.
- Tin (Refined Metal Product) Refined tin metal sold to global industrial buyers in electronics, renewable energy, automotive, and food packaging sectors. Essential for circuit boards, semiconductors, batteries, solar panels, EV components, and corrosion-resistant food containers due to its corrosion resistance and solderability.
- Gold (Doré Metal Product) Gold produced as doré bars (40-50% gold content) from the Pucamarca mine, sold to financial institutions, central banks, and industrial buyers for use in electronics, medical technology, space exploration, and as a store of value.
- Copper (Mina Justa, via Subsidiary Marcobre) Copper produced at the Mina Justa mine in San Juan de Marcona, Ica, Peru at 800 meters above sea level, operated through Minsur's subsidiary Marcobre. Diversifies Minsur's product portfolio beyond tin and gold.
Quantifiable outcome
- 24,442 tonnes of tin produced in 2024, +17% year-over-year
- +7 more outcomes
Companies that use Minsur
Customer profileSegments5 records
Ideal customer profiles5 records
Minsur technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature6 records
Minsur partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- International Council on Mining and Metals (ICMM)coreMinsur has been the first Peruvian capital company member of ICMM since 2018. ICMM brings together 26 leading mining companies representing approximately one-third of the global mining industry. As a member, Minsur adopts rigorous environmental and social standards verified annually by independent third parties. The membership allows contribution to global mining policy discussions and sharing experiences with industry leaders.
- MinespidercoreGerman technology firm that partnered with Minsur to develop the world's first blockchain-based platform for certifying and verifying tin origin. This innovative platform ensures the tin is not linked to conflicts, labor exploitation, or human rights violations, positioning Minsur as a leader in responsible mineral sourcing.
- United Nations Global CompactminorMinsur participates in the UN Global Compact, one of the voluntary initiatives that promote transparency and disclosure of resources paid to the State in the mining, oil, and gas sectors.
- International Tin Association (ITA)coreMinsur is a member of the ITA and became the first company to fulfill all 10 Priority Standards of the Tin Code. The company maintains full traceability and OECD-aligned due diligence throughout the production chain.
- EITI (Extractive Industries Transparency Initiative)minorMinsur participates in EITI, which promotes disclosure of resources paid to the State in the mining, oil, and gas sectors, demonstrating commitment to transparency.
- S&P GlobalminorS&P Global conducts annual sustainability assessments and includes Minsur in the Sustainability Yearbook. Minsur holds BBB- and BB+ credit ratings from S&P Global.
- Peruvian Local MunicipalitiescoreMinsur maintains development agreements with local municipalities including Antauta and Ajoyani (Puno), Palca and Vilavilani (Tacna), and Paracas (Ica). Programs include Ayni community cooperation, Crecemos Juntos connecting 400+ local businesses, mobile health clinics, and infrastructure investments.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Minsur competitors and assessment
Company assessmentEmerging players
- Aurubis AG: European nonferrous metals refiner expanding into tin recycling and refining. Comparable to Minsur's Pisco refined tin output in producing high-purity metals for industrial customers, with growing overlap in tin value chain.
Regional players
- Volcan Compañía Minera: Peruvian diversified miner producing zinc, lead, silver, and copper. Operates in the same Peruvian high-altitude mining environment as Minsur, with comparable labor, community, and regulatory dynamics.
- Southern Copper Corporation: Peru-based copper mining major. Comparable to Minsur's Mina Justa copper operations and shares the same Peruvian operating environment, regulatory framework, and community-relations dynamics.
- Nexa Resources: Peru/Brazil-based integrated zinc and copper miner with smelting operations. Comparable diversified base-metals producer operating in the same South American mining environment with similar commodity-cycle exposure.
- Buenaventura: Peru's largest publicly-traded precious metals miner, with significant gold and silver operations. Shares the Peruvian mining regulatory and operating environment with Minsur's Pucamarca gold mine.
Direct peers
- PT Timah: Indonesia's state-owned tin mining company and one of the world's largest integrated tin producers. Directly comparable to Minsur in tin mining, refining, and global sales, with similar exposure to LME tin pricing and downstream solder/electronics customers.
- Malaysia Smelting Corporation: Major global tin smelter and producer, parent of Thaisarco. Operates integrated tin mining and refining with comparable technology stack (pyrometallurgical smelting) and end-market exposure to Minsur's Pisco refinery output.
- Yunnan Tin Group: China's largest tin producer and the world's #1 tin miner/smelter. Most direct competitor to Minsur in integrated tin production, operating mines and refineries across China with similar end-markets in solder and electronics.
- Thaisarco: Thailand-based tin smelting and refining company, part of the MSC group. Comparable to Minsur's Pisco refinery in producing high-purity refined tin for global solder and electronics markets from purchased concentrates.
Broad incumbents
- Glencore: Global mining and commodity trading major with significant tin, copper, zinc, and cobalt operations. Overlaps with Minsur in tin and copper production but operates much broader portfolio across multiple commodities and geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Minsur social profiles
Digital presenceMinsur compliance and trust
Trust signalCompliance10 records
Minsur financial estimates
Financial estimateRevenue estimate
Valuation estimate
Minsur leadership team
Management profileNumber of profiles
Profiles6 records
Minsur subsidiaries and ownership
Company hierarchySubsidiaries2 records
Minsur funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Minsur M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Minsur
What does Minsur do?
Minsur is a Peruvian mining company that produces and refines industrial metals — primarily tin (second-largest global producer), gold, and copper. It operates underground and open-pit mines, a tin refinery at Pisco producing 99.95% purity refined tin, and a tailings reprocessing plant that recovers tin from historic mine waste. Its metals are sold to global industrial buyers in electronics, renewable energy, automotive, and food packaging sectors.
Is Minsur a public or private company?
Minsur is a public company. It is classified as public and is currently operating.
When was Minsur founded?
Minsur was founded in 1977. It employs 1,001 to 5,000 people.
Where is Minsur based?
Minsur is headquartered in San Borja, Peru, in the Latin America region.
How does Minsur make money?
Four revenue lines are on record. Tin Production and Sales are the primary driver. The others are gold Production, tin from Tailings (B2 Plant) and copper (Mina Justa).
Who are Minsur's main competitors?
Aurubis AG is listed as an emerging player. Regional players are Volcan Compañía Minera, Southern Copper Corporation, Nexa Resources and Buenaventura. Direct peers are PT Timah, Malaysia Smelting Corporation, Yunnan Tin Group and Thaisarco. Glencore is listed as a broad incumbent.
Does Minsur have an API?
No public API is recorded for Minsur.
What industry is Minsur in?
Minsur's product category is Tin Mining. Its primary akta.pro industry code is IMAKADAE, Copper Pyrometallurgy (Smelting, Converting), with a secondary code of IMAKADAC, Copper Concentration (Crushing, Grinding, Flotation). Its NAICS code is 33141 and its SIC code is 3330.