The country plans to receive mining investments for more than US$6,920 million between 2023 and 2024 due to the start of construction of “important mining projects” that will contribute to the economic recoveryaffirmed this Monday the Minister of Energy and Mines, Oscar Vera.
According to a statement from his portfolio, the minister explained that the start of construction of the Corani, Romina, Magistral and Antamina Replacement mining projects is planned for this year, in the regions of Puno, Lima and Ancash, respectively.
He pointed out that these four projects represent a joint investment of 2,947 million dollars, while for 2024 the implementation of Zafranal and Yanacocha Sulfuros is contemplated, in Arequipa and Cajamarca, with an investment of US$3,973 million.
Vera presented this morning from Canada the conference “Challenges, perspectives and opportunities of Peruvian mining” during the convention of the Canadian Association of Prospectors and Developers (PDAC, for its acronym in English).
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In the Canadian city of Toronto, the minister asserted that the Peruvian government “will continue to work on modernizing and streamlining procedures to attract and encourage more and better investment, which adequately incorporates environmental aspects and works for social peace.”
“We are committed to improving our position worldwide, through the promotion of new mining projects and the sustainability of existing operations, promoting modern, responsible, sustainable investment in harmony with the surrounding communities,” said Vera.
The head of Energy and Mines highlighted that, according to estimates by the risk rating agency Standard and Poor’s, Peru ranked sixth in the global ranking of countries that call for investments in mining exploration in 2022.
He added that, for this year, a total of 74 projects located in 17 regions and a global amount of committed investment of 596 million dollars are contemplated.
Mining activity plays an important role in the Peruvian economy by contributing around 10% of the country’s GDP.
EFE
