Energy and Mines Minister Jorge Montero stated that Peru must move toward mining industrialization for which it is important to work on adding value to the
minerals exploited in its territory.
"The metallurgical work —smelting and refining— is so important for Peru, in order to gradually add value to its mineral resources, gain access to strategic partnerships with countries that develop technologies, and eventually move toward mining industrialization in the country and across the American hemisphere," Montero told TV Peru.
"We are addressing the issue in a comprehensive manner," he stated.
"That is already a continental concern. We want to move forward prudently, but at the same time with firm steps, toward a gradual industrialization with added value for our minerals, so that not only cathodes and ingots are produced, but also industrial products such as wires, wire rods, molds, etc., which would reach significant prices in international markets," Montero indicated.
"The steel industry, metallurgy, refineries, and smelters are the key elements that must be analyzed economically, financially, and environmentally for their viability, considering that there are technological opportunities to advance in these industries," he added.
The Cabinet member emphasized that mining is a component of territorial and regional development.
Thus, it is also necessary to advance in objectives related to sustainable non-mining production, closing gaps, infrastructure, and diverse economic activities.
"That is an excellent approach, where mining is part of a broader design with social and environmental sustainability," he concluded.
(END) CNA/MVB
Published: 8/27/2025