The mining concessions regime in Peru must be an incentive for investment and a key engine for the development of the country. This was stated by Domingo Drago, president of course Peruminduring the event ‘The mining concession and the challenges for its operability’, organized within the framework of Mining Thursday by the Institute of Mining Engineers of Peru (IIMP).
During his speech, Drago referred to the normative proposals that seek to reduce concession deadlines for mining development. In that sense, he highlighted the need for a strategic and coherent vision when regulating mining concessions, since they require long -term planning to guarantee their success.
The representative of Rumbo to Perumin explained that mining companies plan their projects with a perspective of several decades, which implies the need for a legal framework that guarantees territorial security.
In this context, he stressed that the established deadlines allow companies to manage permits, build relationships with communities, develop explorations and, subsequently, expand their operations sustainably.
“Having a mining concession is an important step, but very preliminary when we talk about developing a mining project. The deadlines required to build social relationship and the generation of trust with surrounding populations, obtain access to the land, explore, dimension a site and design the infrastructure exceed many times the two decades, ”said Drago.
He also emphasized that there are no inactive concessions and that the process of immersion of a company in the concessioned territory is progressive, depending on the progress of each stage of the project.
Impact on mining competitiveness
Another key aspect addressed in the event was the importance of maintaining a stable regulatory framework to guarantee the competitiveness of the Peruvian mining sector. Drago warned that any change in concession rules could discourage investment, since Peru competes with other countries that seek to attract capitals for mining activity.
“The authorities must maintain a clear and stable regulatory framework, which allows predictability. Only then can companies continue to invest in Peru, which will not only boost the growth of the mining sector, but also generate employment, encourage innovation and strengthen the national economy, ”he said.
For his part, Gustavo de Vinatea, general manager of the IIMP, stressed that mining concessions are an essential resource for the future of the country and stressed the importance of working in conjunction with authorities, companies and civil society to ensure its optimal use.
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