(04-03-2024) Peru boasts a copper project portfolio exceeding US$39,000 million, with 19 projects in the greenfield stage and 12 in the brownfield stage, as reported by Eng. Rómulo Mucho Mamani, Minister of Energy and Mines, during his keynote address at PERU DAY, within the framework of the Prospectors and Developers Association of Canada (PDAC) convention, the world’s premier event for mining investors and exploration, held in Toronto from March 3 to 6.
As Sponsor Country, Peru maintains a notable presence and a distinguished agenda.
The Minister added that, by 2024, the mining investment portfolio comprises 51 projects, with a combined investment of US$54,556 million. “I am confident that, with increased exploration and more campaigns, the Andes Mountains will reveal more surprises. Obviously, the deposits are no longer at the surface today, but thanks to technology, they can be found at depth, and two such discoveries have already been made in Peru,” stated the senior official, emphasizing the assigned objective of reviving the economy as the conditions are ripe.
Minister Rómulo Mucho highlighted the country’s vast geological potential for exploration during PDAC 2024, with a current total exploration portfolio of 75 projects at various stages of advancement, totaling US$647 million in investment distributed across 17 departments in the country.
PERU DAY serves as the dedicated event for our country within PDAC, promoting various opportunities offered by Peru.
“We want Peru to continue being a destination for exploration and investment. To achieve this, we offer political stability, social peace, and a stable legal framework that has allowed many projects to thrive in the country,” Mucho stated during his presentation on “Measures for Exploration and Promotion of Mining in Peru.”
“We have a strong national team, we handle challenges better, the legal framework is solid and protective of investments for a growth exceeding 3% this year,” he emphasized, highlighting legal stability and the promotion of mining exploration, underscoring a management approach with open-door policies and prioritizing citizen service.
“There will soon be good news in the sector; we will work on harnessing all resources, including tailings and groundwater. It’s time to move from planning to action,” he added.
Mucho also underscored the significance of PDAC 2024 on the global stage and presented investors with the advancements made through the Digital Information Single Window, offering greater administrative simplification to expedite mining exploration permits, facilitating the unlocking of more projects.
In his closing remarks, Minister Mucho emphasized a promising future for Peru, stating, “We tell you that Peru is an attractive, healthy country, and from the Ministry of Energy and Mines, we collaborate with other ministries, aligning with the government’s thinking, aiming to boost economic growth, with mining remaining its main driver. We count on your support.”