The mining sector's engine has taken off, so an economic rebound is expected in the coming months, Energy and Mines Minister Cayetana Aljovin affirmed.
"The mining industry accounts for 64.7% of total exported volume and attracts 22% of
foreign direct investment," the minister noted in this sense.
Goals for 2021
Likewise, Aljovin explained the Kuczynski administration will seek to place the country as an attractive investment destination by modifying the regulatory framework, as well as simplifying related processes and procedures.
In this sense, it will also promote sustainable and environmentally-friendly investments, which respect surrounding communities' rights.
Projects
Finally, the government official pointed out that the current
mining investment portfolio amounts to US$51.102 billion and includes 48 mines.
"If said projects are implemented, poverty will go down from 21% to 14% by 2021," she concluded.