Energy and Mines Minister Romulo Mucho underscored that Peru offers the greatest comparative advantages in the Americas to consolidate as a destination for mining investments on a global scale.
The Peruvian delegation —led by Energy and Mines Minister Mucho— was invited to the
bell-ringing ceremony marking the session's start at the
Toronto Stock Exchange (TSX)—considered the third most important in North America and the ninth most relevant worldwide due to market capitalization.
"Being a country that produces gold, copper, tin, silver, zinc, among other metals, consolidates us as a world power in (terms of) mining," he highlighted.
The Cabinet member specified that a comparative advantage of Peru is its geographical location, with ports oriented towards trade with Asia-Pacific markets.
Minister Mucho stated that his sector has been working on regulatory projects to boost mining activities in Peru. He added that a regulatory bill might soon be approved to increase beneficiation plant capacity.
"This seeks to increase the tolerance margin to 10% so that benefit concession holders can increase plant processing capacity without initiating a procedure to modify the benefit concession," he pointed out.
Moreover, the high-ranking official reiterated that Peru's 2024 Mining Exploration Portfolio contains 75 projects located in 16 regions, with a global amount of US$647 million that can be developed under international standards of modernity, new technologies, as well as sustainability with the population and environment.