Andina

Perumin: Mining projects portfolio totals US$53 billion

Photo: Perumin

Photo: Perumin

11:51 | Arequipa (Arequipa region), Sep. 27.

Peru has a pending portfolio of mining projects amounting to US$53 billion, said Institute of Mining Engineers of Peru (IIMP) Chairman Abraham Chahuan —within the framework of the Perumin 35 Mining Convention.

According to figures from the Center for Competitiveness and Development (CCD), by revitalizing this portfolio Peru might leave underdevelopment behind by 2031 —with an accumulated GDP growth of 13%.

Supported by the consolidation of said mining projects, this sector might generate 3.9 million jobs (direct and indirect ones), in addition to income for the Peruvian State worth over S/85 billion (over US$21.63 billion) through taxes and contributions.

Chahuan said that stakeholders (State, private companies, and population) can agree to start mining projects and achieve their prompt consolidation.

Similarly, he said that spaces like Perumin offer an opportunity for mining professionals, businesspeople, investors, and authorities from all government levels to exchange opinions and clear up doubts regarding the development of Peru's mining sector.

The Perumin 35 Mining Convention takes place at Centro de Convenciones (Cerro Juli Convention Center) in the southern city of Arequipa.

This event expects to gather at least 60,000 attendees until September 30 and generate more than S/80 million (over US$20.36 million) in revenue for this area.

(END) RMC/CNA/MVB

Published: 9/27/2022