Peru and Brazil sign mining-energy cooperation agreement

16:38 | Toronto (Canada), Mar. 6.

The Peruvian and Brazilian Governments have signed a bilateral cooperation agreement aimed at efficiently using renewable energies and improving the development of small-scale mining activities.

The document —inked by Energy and Mines Minister Francisco Ismodes and his Brazilian counterpart Bento Albuquerque— reaffirms the interest of both countries in strengthening bilateral cooperation on small-scale mining, energy planning, radioactive materials, and professional training. 

In this sense, Minister Albuquerque requested the Inca country's official to send a technical mission to Brazil in order to identify other possible common fields between the two nations. 

On the other hand, Peru's Energy and Mines Ministry (MEM) head held a bilateral meeting with United States' Bureau of Energy Resources Assistant Secretary Francis R. Fannon, with whom he discussed the efforts undertaken by the sector towards achieving the development of a sustainable mining activity that leads to well-being and growth.

Mining competitiveness and sustainability 

Likewise, Minister Ismodes announced his portfolio will present better rules with the purpose of improving competitiveness in Peru's mining sector, promoting greater investments in exploration projects, and speeding up administrative procedures for their corresponding execution. 

"We must take advantage of the country's huge geological potential," the official expressed. 

Furthermore, the adaptation of the regulatory framework for the exploitation of radioactive minerals and the presentation of the new regulations for mining proceedings are currently being developed. 

"We are working on a closure plan that efficiently regulates the end of mining operations, guaranteeing its progressive closure, and the mitigation of the effects caused on the environment," he concluded. 

The signing took place within the framework of the Prospectors & Developers Association of Canada (PDAC) 2019 Convention held in Toronto on March 3-6.

(END) MDV/DTK/MVB


Published: 3/6/2019