Peru’s Ministry of Economy and Finance will oversee 27 mining projects with investments over US$2.8 billion in 2025. The government seeks to enhance mining investments through trust and direct engagement. Notable projects and ongoing initiatives reflect potential economic growth in the sector, essential for regional leadership in mining.
In 2025, Peru’s Ministry of Economy and Finance (MEF) will oversee 27 mining projects with investments exceeding US$2.8 billion. Major projects include Las Bambas, Quellaveco, San Gabriel, Inmaculada, and Mina Justa. This initiative was presented to investors at the Peru Day event in Toronto, held during the Prospectors & Developers Association of Canada (PDAC) mining convention.
The government emphasizes its dedication to enhancing mining investments by fostering trust and engaging directly with projects to resolve potential obstacles. Minister Salardi outlined that in 2024, Peru has a portfolio of 51 projects set to develop, collectively valued at US$54.556 billion. Notably, 73% of these projects concentrate on copper extraction and are distributed throughout northern, central, and southern Peru.
Salardi disclosed that between 2024 and 2025, nine new projects will commence with total investments estimated at US$481 million. Furthermore, five additional projects are projected for the 2026-2029 period with anticipated investments up to US$5.006 billion.
In addition to ongoing projects, Peru has a robust portfolio of 75 mining exploration initiatives spread across 11 regions, which will involve investments up to US$644 million. Most of these projects are aimed at uncovering copper and silver deposits, as specified by the Minister.
The event, organized by the Peru-Canada Chamber of Commerce, successfully attracted numerous investors eager to learn about Peru’s mining opportunities. Minister Salardi proclaimed that Peru will spearhead regional growth, with an estimated 4% economic expansion driven by increased domestic demand and private investment, along with record public investment levels.
Looking ahead to 2025, Salardi expressed optimism regarding the country’s economic indicators despite the upcoming elections in 2026. The minister emphasized that ongoing challenges in the mining sector include boosting competitiveness, streamlining administrative processes, addressing social and productive disparities, and formalizing artisanal mining while combating illegal activities.
In summary, Peru is poised to enhance its mining sector significantly by monitoring substantial investments in various projects. The government aims to accelerate this growth by fostering trust and engaging closely with stakeholders. Noteworthy investment opportunities and a diverse project portfolio indicate strong potential for economic development in the mining industry. The outcomes of these initiatives will be critical as Peru seeks to maintain a leading regional position in mining and economic growth.
Original Source: andina.pe
