14:50 | Vancouver (Canada), Sep. 21.
Representatives of Peruvian Ministries (Foreign Affairs, Energy and Mines, Transport and Communications) and Embassy in Canada held inPERU's Road Show in the Canadian city of Vancouver.
Given Canada's role as one of the mining industry leaders, the Ministry of Energy and Mines took the opportunity to present its flagship projects. Plus, it announced its intention to make mining project investments —worth at least US$21 billion— viable.
"Vancouver has important investment funds seeking cost-effective, safe alternatives to invest their money. We addressed them to present Colca and Jalaoca
, projects expected to be awarded by the end of 2018," Energy and Mines Minister Francisco Ismodes said.
They also mentioned the "Corani deposit
in Puno —a project entailing almost US$600 million of investment."
Colca and Jalaoca
, both in Apurimac region, host important gold
, and molybdenum
deposits that have raised expectations among investors.
These projects have the foundations to be awarded to private investors through Areas of Non-Admission of Petitions (ANAPs) —a new way to explore and define deposits, in which the State sets basic, environmental, and investment-commitment conditions for their development.
Having signed a Free Trade Agreement with Peru, Canada plays an important role in the mining activity of the Inca country.
Only in 2017, mining investment in Peru
amounted to US$3.928 billion, with nearly 20% of that total coming from Canadian enterprises.