Andina

Peru remains an attractive country for mining investments

15:52 | Lima, Mar. 5.

Peru remains an attractive country for mining investments, despite the external situation that has harmed the global activity, said former Deputy Mines Minister Romulo Mucho, who participated in the PDAC 2020 Mining Convention recently held in Toronto.

The 2020 Convention of the Prospectors & Developers Association of Canada (PDAC), considered the world's leading event focused on mineral exploration and exploitation, was held on March 1-4.

It saw the participation of a Peruvian delegation led by Ministers Susana Vilca (Energy-Mines) and Maria Antonieta Alva (Economy-Finance).

Strengths

In this regard, Mucho pointed out —that during the convention— the macroeconomic strengths of Peru were highlighted, including the low mining production costs.

"Proper level of debt, dollar stability, international reserves, low country risk, and optimum investor confidence are factors that Peru maintains and shows to investors," he underlined.

Within this framework, the former official stressed that Peru relies on one of the highest economic growths in the region, but that —in the coming years— the Inca nation should stop comparing itself to its neighboring countries and —instead— try to emulate first world countries.

(END) RGP/MVB

Published: 3/5/2020