"Peruvian mining must achieve the highest standards and operating conditions to ensure its competitiveness and sustainability,"
stated during his participation at the 18th Annual Conference of the American Society/Council of the Americas (AS/COA).
It featured the participation of Ministers Elmer Schialer (Foreign Affairs), Raul Perez Reyes (Economy-Finance), and leaders from both the public and private sectors.
The conference provided an opportunity to explore investment prospects in Peru's mining and energy sectors.
Minister Montero stated that his portfolio is working to implement the best regulations and streamlined procedures to ensure both competitiveness and sustainability.
"In my administration, we place strong emphasis on the social management team, and we are present in virtually all social challenges that mining, oil, gas, and energy companies may face," he emphasized.
In the segment on "The Role of the Mining Sector in Driving Peru's Economic Growth," the government official emphasized that his administration places great importance on sustainability, with social and environmental issues being key.
The minister explained that he had recently visited the Tigre, Pastaza, and Corrientes River basins, in Petroperu's Lot 192, where a fund of S/460 million (about US$126 million) from the Fund for the Promotion of Protected Natural Areas of Peru (Profonampe) has been activated to remediate 38 of the 146 sites affected by oil activities.
The minister added that he had visited Espinar as part of the Prior Consultation process for the Antapaccay Expansion Tintaya Integration Coroccohuayco Project, where, after six years, the process was concluded with 10 Quechua-speaking Indigenous communities.
At another point, Jorge Montero said that, supported by the World Bank, a project consisting of seven components is nearing completion —two of which are related to updating the IT and technological systems of the Geological, Mining, and Metallurgical Institute (Ingemmet), as well as optimizing the Ministry of Energy and Mines' decision-making processes in relation to the mining, oil, and gas sub-sectors.
Additionally, other components include the digitalization and interoperability of the Ministry of Energy and Mines with other government sectors through the digital Single Window for Procedures (VUD), as well as other nationally-significant projects such as three-phase rural electrification, with an investment exceeding US$300 million.