Peru Government committed to exceeding US$21 billion in mining investments by 2021

18:37 | Lima, Sep. 12.

Peruvian President Martin Vizcarra on Wednesday affirmed his administration wants mining investments to exceed US$21 billion by the end of his term in office (2021), in order to lay the foundations for the social and mining development the Inca country needs.

"We are committed to the mining sector (…)," the Head of State expressed. 

According to him, this is a millenary activity that generates income for the sector, the country, and the people directly involved in it.

In some cases, this activity —which generates revenues, well-being, and development— is met with reluctance by the population, the statesman informed. 

President Vizcarra explained this reluctance is the outcome of the delay in mining activities' benefits reaching out to the influence areas.

He went on to add this is due to diverse reasons, and one of them is that the State had not met the population's needs. 

"Peruvian mining sector owns cutting-edge technology, but once we leave the mining sites, there is neither electricity nor education," he said.

As is known, the following projects were announced this year: Mina Justa (US$1.6 billion), Quellaveco (US$5.3 billion), and Toromocho Expansion (US$1.3 billion)

"If we work together to reduce poverty in the areas where the deposits are located, I'm sure the future of mining activities will be prosperous, the future of the country will be prosperous," he concluded.

Remarks were made at the opening of Expomina 2018 held in Lima.


Published: 9/12/2018
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