Andina

Peru: Energy-Mines Ministry aims to secure mining investments worth US$8.5 billion

12:19 | Lima, Feb. 4.

The Ministry of Energy and Mines (Minem) has launched a series of strategic meetings with representatives of companies in charge of key mining projects, with the aim of promoting their implementation between 2025 and 2026 in various Peruvian regions.

The aim is to understand the sustainable development of strategic ventures that consolidate Peru as a global leader in mining, demonstrating the coexistence of this activity with agriculture, livestock, and other activities, all of which generate development opportunities in communities.

To this end, Minem seeks to promote joint strategies with companies so as to strengthen the dissemination of best practices and the promotion of responsible mining activities, fostering cooperation between the public and private sectors to unblock processes, accelerate investments, and ensure the sustainable development of strategic projects. 

In pursuit of this goal, Minem's General Directorate of Mining Promotion and Sustainability (DGPSM) launched the program: "Fostering Development: Initiatives to Promote Major Mining Exploitation Projects 2025-2026." It aims to exceed US$8.5 billion in investments, covering key regions such as Ancash, Puno, Huanuco, Cajamarca, Apurimac, Lima, and Arequipa.

The relevant ventures are: Antamina Replacement, Corani, Raura Replacement, Tantahuatay Replacement, Chalcobamba Phase I, Huancapeti Expansion, Romina, Tia Maria, Zafranal, Pampa de Pongo, and Trapiche.

All of these not only represent an economic boost but also a commitment to world's energy transition, as many of them are related to the production of critical minerals.

These projects will generate thousands of direct and indirect jobs, increase tax revenues, and improve infrastructure in mining regions, consolidating Peru as a global benchmark in polymetallic mining and as an attractive destination for investors.

The DGPSM emphasized that these actions aim for effective coordination between the government and the private sector to create an environment of mutual trust, enabling compliance with established deadlines, as well as unblocking of investments and advancing towards the construction of mining projects.

It should be noted that the DGPSM technical team has held meeting, to date, with representatives of: Antamina Mining Company (Antamina Project), Bear Creek Mining (Corani Project), Raura Mining Company (Raura Replacement Project), Lincuna Mining Company (Huancapeti Expansion project), and Southern Peru (Tia Maria).

(END) NDP/MVB

Published: 2/4/2025