Energy and Mines Minister Ivan Merino on Thursday held a meeting with
Japanese Ambassador to Peru Katayama Kazuyuki, who reaffirmed his country's confidence in Peru's current administration and indicated his government's willingness to continue investing in the mining-energy sector.
During the meeting, held at the headquarters of the
Ministry of Energy and Mines (Minem) in Lima, the diplomat addressed various issues and presented proposals to help boost investments in the sector.
Additionally, the Japanese envoy expressed his readiness to contribute to the policies implemented by Minem for the development of a sustainable activity.
Minister Merino remarked that the Social Profitability criterion will be promoted in the mining-energy sector to ensure territorial development in regions where economic activities are being conducted, seeking the well-being of the population in a climate of social peace.
For his part, the Japanese ambassador highlighted his country's progress on aspects such as pollution prevention in the mining sector, by applying its experience and high technology, which has turned it into a global leader in this area.
According to Katayama Kazuyuki, Peru is the first South American nation with which Japan established diplomatic relations.
It is worth noting that 2023 will mark 150th anniversary of the establishment of diplomatic relations between both ancient cultures.
At the meeting, the Peruvian government official explained that his administration proposes a new pact between private investors and the State, with the aim of establishing clear rules, facilitating processes, optimizing procedures, protecting the environment, and maintaining legal certainty, so that the activity can develop and the country receives a fair contribution.
Japan is one of the countries that keeps investing in Peru's mining-energy sector, and proof of this is its participation —as main investor— in the Quechua Project located in Espinar (Cusco region) —within the current Mine Construction Project Portfolio and with an investment of US$1.29 billion.
In addition, Japan is a shareholder in other important private initiatives within this sector.
(END) NDP/MDV/RMB/MVB
Published: 8/12/2021