The copper project portfolio in the country amounts to US $ 40 billion, said the director of the Peru (IIMP) Institute of Mines (IIMP), Carlos Homar Lozano.
“The population should know that 75% of the Mining Projects portfolio of Peru is copper. The mining project portfolio borders the US $ 54 billion, US $ 40 billion is copper and US $ 12 billion are gold, ”he detailed in an interview with a local medium and added that the exploration project portfolio around of US $ 400 million.
Lozano emphasized that, given the imminent setback from second to third place as a greater copper producer globally, “we must worry about speeding the new mining projects especially those of copper.”
“Already this year with the projection, the Republic of Congo would be overcoming us, Peru would go to third place as greater copper producer in the world. Being the best in the world always costs and we have the potential. (In the country) we see a slight decrease in strategic metals such as copper and gold, due to a decrease in laws in some most important miners, ”he said.
The IIMP spokesman added that the mining industry in the country does not subsist the prices of metals but of production, controlling costs and competitiveness.
“So that Peruvian cupriferous production does not decline, extensions such as toromocho, chalcobamba and new projects such as Zafranal and Aunt Maria must be encouraged, which is already just around the corner,” he said.
Investments
Lozano also encouraged private business to continue betting on investing in Peru, and “that they continue to make its greatest effort”, despite the fact that there are projects, they take a lot to value.
Lozano said that the country has as requested resources as copper and lithium, for the demand for the energy transition that “is a reality.”
“On average an electric car uses three times more copper than a conventional car, that makes more demand for this metal,” he said.
Finally, he pointed out that agro -export, agriculture and mining “are not divergent activities” and that they have grown exponentially in recent years.
“In the case of copper we have doubled our production in the last 10 years and that is why there is less agriculture, it is a myth to link that mining growth will deteriorate agriculture and agro -export,” he culminated.
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