Energy and Mines Minister Francisco Ismodes on Monday informed Peru's mining sector has so far identified 49 projects, which exceed US$58 billion in investments.
According to the official, this will significantly contribute to dynamizing the economy and
closing the social gaps that still exist in some regions of the Inca country.
However, he affirmed, this portfolio does not include projects currently in the exploration stage.
On the other hand, Minister Ismodes said the sector relies on an
investment portfolio consisting of committed projects totaling US$14 billion.
Nevertheless, he pointed out the administration's goal is to boost private initiatives in order to reach US$21 billion in
mining investment by 2021.
Within this framework, the Inca country drew 7% of the globe's total
exploration budget, worth US$524 million.
Small-scale mining
The official highlighted also the importance of continuing with the mining formalization process aimed at assisting thousands of artisanal miners to join the formal economy, as well as to adapt to environmental and labor regulations.
(END) ECS/JJN/DTK/MVB