In Peru, the economic impact of the so-called energy transition (the change from combustion to electrification) is beginning to become increasingly evident and tangible, which is stimulating the demand for minerals such as copper, as well as a high price for it. This, considering that Peru is the second world producer of this mineral, which represents more than 50% of our total exports.
In this way, as of September, mining exports exceeded $30.2 billion: 9% more compared to the same period in 2023; and it is estimated that by the end of 2024, exports will exceed a historical figure of $40,000 million. At the collection level, the sector has been contributing more than S/13.7 billion to the treasury, exceeding in just nine months the annual mining collection figures from the years prior to the pandemic.
These figures demonstrate significant performance by the industry, even as fundamental problems remain. On the one hand, there is illegal mining, with its threats and continuous attempts to sabotage formal mining companies, and on the other, the lack of stimulus for investment and stagnation in the execution of new mining projects.
Added to these problems is the climate of permanent political noise, now with echoes of a possible request for a presidential vacancy, the result of a constant confrontation between the Executive and Legislative. It should be noted that in addition to the recent censure against Rómulo Mucho (now former head of the MINEM), there are also questions to the Minister of Development and Social Inclusion, Julio Demartini, and the Minister of Justice, Eduardo Arana.
That we achieve good economic indicators in the face of this reality demonstrates the resilience of the Peruvian economy and that the dynamics of the global market have a notable high impact on our environment, even without intending it. We would achieve even greater things if we took advantage of this context to promote new mining projects, stimulate production, strengthen infrastructure and accessibility to mining areas, provide security to industry workers (many working today in fear), among other pending tasks. both the central government and regional governments.
We need as a country to focus on the fundamental problems that are poverty, lack of quality education and health, security, etc. Let’s channel our efforts to this, taking advantage of the opportunities that both nature and the global economy have been offering us. Only in this way will we grow significantly, instead of settling for results below 3%.
Take advantage of the NEW EXPERIENCE, receive our enriched digital newspaper by mail and WhatsApp. Peru21 ePaper.
Now available in Yape! Find us at YAPE Promos.
