Within the framework of the Prospectors and Developers Association of Canada (PDAC) Annual Convention,
Energy and Mines Minister Romulo Mucho fulfilled an extensive work agenda that included interviews and meetings in this international event of great importance for mining investment promotion in Peru.
The Peruvian Cabinet member met with
Ruben Fernandes,
Anglo American's regional CEO for Latin America, who underscored that its projects Quellaveco in Peru and Minas-Rio in Chile contribute to the responsible and sustainable development of mining in Latin America, generating jobs, income, taxes, and opportunities for countries in the region.
Fernandes said that Anglo American's investments in Peru will reach US$524 million by 2024, with an additional amount worth over US$1 billion for the coming years.
The CEO noted that Quellaveco, Collahuasi, and Bronces are the company's most important mines in South America.
Joined by his technical team, Minister Mucho met with
Alta Copper Corporation Executive Chair Giulio Bonifacio, who reported on the progress of its
Cañariaco project in a 97-square-km area located in Peru's northern Lambayeque region. It includes the Cañariaco Norte and Cañariaco Sur deposits, plus the Quebrada Verde prospect.
In another interview, Romulo Mucho met with representatives of the
Canada Pension Plan Investment Board (CPPIB), one of the largest around the world, which manages investments in various regions and is now showing interest in betting on Peru to finance energy projects.
Furthermore, the Peruvian Cabinet member spoke with World Bank Coordinator for Latin America Javier Aguilar, with whom he addressed various issues related to the mining sector that require financing to streamline management such as the Digital Single Window in mining.
During his participation in the
PDAC event,
Minister Mucho spoke with Indian Embassy representatives, who showed interest in the exploitation of critical minerals. They mentioned that companies from their country have been operating in Peru since 2015, which is why they proposed signing a government-to-government agreement to fulfill objectives and obtain benefits for both countries.
Lastly, the Peruvian Energy and Mines Minister met with his Ecuadorian counterpart Andrea Arrobo. The officials exchanged experiences on issues linked to the mining sector and the electrical interconnection between both countries, which will strengthen energy security and benefit the surrounding populations in the generation of employment sources.
(END) DNP/JJN/RMB/MVB
Published: 3/7/2024