Andina

Peru boosts mining investments and sustainability

11:48 | Toronto (Canada), Mar. 4.

Peruvian Energy and Mines Minister Susana Vilca has held a series of meetings in Canada aimed at boosting mining investments in Peru, as well as the sustainability of this economic activity.

These meetings were held within the framework of the PDAC 2020, the world's meeting focused on mining exploration, which takes place in Toronto on March 1-4.

On Tuesday —along with Economy-Finance Minister Maria Antonieta Alva— Minister Vilca met with Victor Fedeli, Minister of Economic Development of the Canadian province of Ontario, to exchange experiences in mining development and strengthen trade ties.

A day earlier, Minister Vilca participated in the International Mines Ministers Summit together with representatives of foreign governments and mining-related organizations in order to analyze the challenges the activity faces at a global level, such as social issues and the concern for the environment.

The dignitary also met with Francis Fannon, U.S. Assistant Secretary at the Bureau of Energy Resources, and with representatives of the World Bank to whom she explained the initiatives Peru is promoting to ensure that mining activity continues growing based on sustainability and efficiency.

Likewise —during the meetings held— she informed about the changes her portfolio is boosting to optimize the granting of licenses and permits, which —at the same time— respect the environmental care standards.

Minister Vilca stressed that the current exploration projects portfolio includes 64 initiatives, which represent an investment close to US$500 million and that the objective is to expedite the execution of this package with the aim of encouraging new investments in this area.

Lastly, the government official emphasized that President Martin Vizcarra's administration promotes sustainable mining investments, which allow strengthening the national regions' growth and the well-being of the population within the framework of social peace.

(END) MVB

Published: 3/4/2020