Energy and Mines Minister Francisco Ismodes has affirmed Peru remains one of the
, adding the Government estimates some 60 projects —worth over US$560 million— will have been executed by 2021.
Concerning Latin America, Peru ranks first thanks to the over US$609 million granted by explorers during 2018.
"In the first quarter of 2019, we received US$68 million in exploration investments
. And so far this year, we have received 24 approval requests (...) for new exploration initiatives, which have been approved or are in the assessment process," Ismodes stated.
"The task we have ahead is to regain the population's trust and reduce the fears that on many occasions generate social conflicts," the MEM representative said.
Lastly, the cabinet member noted one of the most urgent challenges for his portfolio is to improve the legal framework in order to have a more attractive and predictable sector for investors.
Remarks were made during the closing ceremony of the 11th International Congress of Prospectors and Explorers ProExplo 2019 recently held in Lima.