Construction of 12 new mining projects is expected to begin this year and next, with a total investment of US$11.378 billion,
During his latest presentation before Congress' Energy and Mines Commission, he highlighted that investors have shown great interest in continuing to invest in Peru.
The government official added that seven mining projects, totaling US$3.725 billion, are expected to begin in 2025.
These include the San Roque Replacement Project (Puno region), Tantahuatay Replacement Project (Cajamarca region), Colquijirca Replacement Project (Pasco region), Raura Replacement Project (Huanuco region), Tia Maria (Arequipa region), Corani (Puno region), and Huancapeti Expansion Project (Ancash region).
2026
Minister Montero estimated that construction of five projects will begin next year, with a total investment of US$7.653 billion.
These include Pampa de Pongo, Zafranal, and Cerro Verde Optimization (Arequipa region), Huaron Expansion (Pasco region), and Ferrobamba Replacement (Apurimac region).
Investment trends
Regarding the annual evolution of mining investments over the past two years, he noted that the figures have been positive.
While investments totaled US$4.936 billion in 2023, they reached US$5.011 billion in 2024.
As of July 2025, the cumulative figure amounted to US$2.823 billion.
Minister Montero stated that Peru continues to attract the leading operators globally thanks to the country's remarkable geology.
"Peru is one of the world's leading producers of strategic metals, which places it in an attractive position for global mining investment," he noted.