Peru could enable more than US$5.1 billion in mining investments by the end of this year, as well as activate new projects that generate employment in the sector,
"We expect to surpass US$5.1 billion in investment by the end of this year," he told TVPeru.
The government official stated that during his tenure he has engaged in dialogue with mining industry leaders, who have reaffirmed their investment commitments in the country.
In response, they were given the assurances needed to advance new projects that contribute to generating more employment and economic growth.
The Executive Branch member highlighted that the Ministry of Energy and Mines (Minem) has authorized more than 200 mining projects, involving over US$6.45 billion in investments.
The Cabinet member also noted that efforts are being made to strengthen comprehensive mining formalization, with the aim of integrating thousands of small-scale and artisanal miners into the formal economy.
He added that a strategy is underway to advance formalization, as well as to establish a framework and plans that can be continued by the future administration.
The goal is to consolidate small-scale mining as an activity that contributes to the development of communities and regions within its areas of influence.