and is currently the world's third-largest producer of copper and the second-largest producer of zinc. Thus, it is necessary to finalize key new mining projects that contribute to the country's economy and development.
Within this framework, Montero indicated that the event covered topics such as metallurgy, groundwater reinjection, seawater desalination, legal security for investors, simplification of procedures, mine closure, among other issues related to the mining sector.
"We discussed seawater desalination to remove the use of surface water from negotiations," said the minister, explaining that seawater should primarily be used for mining, while surface water should be allocated for irrigation, agriculture, agro-exports, and other businesses.
The Cabinet member spoke about the progress of Tia Maria mining project and reaffirmed that its construction will begin in September of this year.
Montero explained that Tambo Bajo dam will be built at the request of Southern Peru Copper Corporation under the works-for-taxes model. It will have a capacity of 50 million cubic meters and require an investment of US$240 million.
"We are ready to begin this project," he added.
Furthermore, the government official highlighted the social work of mining companies through improved engagement with communities and local authorities in their influence areas.
For instance, he explained that Las Bambas project (Apurimac region) has overcome the strikes and blockades that halted operations for 135 days in 2020.
Minister Montero also mentioned
the World Bank's support in implementing the Digital One-Stop Window (VUD) for mining, a key tool to streamline procedures and strengthen mining investment by promoting administrative simplification and gradual de-bureaucratization.
Moreover, he stated that prior consultation mechanisms to facilitate project viability and reinforce the technical team overseeing public and private investment will be strengthened.