took part in the opening of the Symposium – 16th International Mining Meeting in Lima, highlighting Peru's historic opportunity to assume a strategic role in the global critical minerals economy.
During the opening speech at the event, organized by the National Society of Mining, Oil, and Energy (SNMPE), the minister stressed that the South American country must consolidate its position as an indispensable partner amid the global energy transition.
"The global energy transition is a reality that is redefining the international economy, industry, and geopolitics. And in that scenario, Peru has a historic opportunity because our country not only possesses mineral resources, it possesses something even more important: the possibility of becoming an indispensable strategic partner in the development of the new global economy," he stated.
Before business leaders and authorities, the minister said the new international scenario requires strong institutions and stable public policies.
"No country can sustain long-term public policies, attract major investments, or consolidate development processes without stability, continuity, and institutional trust," he noted.
As part of the strategy to strengthen Peru's presence in global supply chains, Pareja highlighted recent agreements with the United States and Canada aimed at promoting responsible investment, innovation, and sustainability in mining.
"In recent months, we have strengthened our cooperation with strategic partners through agreements aimed at promoting responsible investment, innovation, sustainability, and institutional strengthening in mining," he noted.
Regarding administrative obstacles, the government official expressed concern over the regulatory complexity affecting mining development.
"There are 265 administrative procedures across 29 central and local institutions that delay the viability of mining projects by years," Pareja indicated.
On the matter, he said it is necessary to continue advancing administrative simplification and public management modernization in order to unlock investments and harness the international context of high mineral prices.
Referring to the sector's challenges, the diplomat identified illegal mining as one of Peru's most serious problems due to its impact on security, the environment, and the formal economy.
Illegal mining becomes regional threat
"Illegal mining, mainly involving gold and copper, has become a regional threat that affects security, the environment, and democratic institutions," Pareja warned.
"Therefore, the (Peruvian) State has the obligation to strengthen institutional capacities, guarantee security in operating areas, and combat criminal organizations linked to this illicit activity," he underscored.
The minister devoted a section to artisanal mining, an activity he deemed valuable because of the jobs it generates across the country.
MAPE Law must be approved
In this regard, Minister Pareja urged the next Congress to approve the Artisanal and Small-Scale Mining (MAPE) Law, "which has been widely debated by the current Congress."
Likewise, the government official underscored the importance of adequate regulation to formalize and protect those who depend on this activity.
Concluding his speech, the Cabinet member stated: "Peru wants to build long-term partnerships, attract responsible investment, and consolidate itself as a key player in energy and mineral security."
He added that the South American country has the resources, strategic location, and human talent to become an essential partner in the new global economy.