Peru's Central Reserve Bank (BCR) has affirmed the economic impact of Tia Maria mining project (Arequipa region) will be noted after construction works begin, which should be carried out within a peaceful social context.
"If that happens, and the works start, that would be an upward factor for our projection, as we had said there are also downward risk factors," BCR Economic Studies Central Manager Adrian Armas expressed.
"Likewise, for investors, it is a sign that our country can carry out these projects when there is good communication with local communities," the BCR representative said.
On the other hand, Armas explained BCR does not include investment projects in the forecast for Peruvian economy, unless the corresponding execution has started.
However, Executive Branch spokespersons warned that —even though the license has been issued— this does not mean the mining company can begin operations. It needs to earn —through dialogue
— a social license first.
For its part, the mining company
committed itself not to start operations before setting up a dialogue space to resolve social concerns.