Peru’s Ministry of Energy and Mines expects to process EGIs for 41 mining exploration projects this year, potentially generating US$804 million in investments. The projected investment for 2025 is over US$1.039 billion. Minister Jorge Montero highlighted the importance of regulatory improvements to enhance the mining sector’s growth and strengthen bilateral relationships with international partners.
The Ministry of Energy and Mines (Minem) of Peru anticipates processing Environmental Management Instruments (EGIs) for 41 mining exploration projects in the current year, which is projected to stimulate investments amounting to US$804 million.
Furthermore, the agency plans to address preliminary consultations for 14 exploration projects and process exploration authorization requests for 29 other projects, demonstrating a robust initiative to expand the mining sector in Peru.
Minister Jorge Montero indicated positive advancements in the Mining Exploration Projects Portfolio for 2025. The projected investments for that year are estimated to surpass US$1.039 billion, reflecting an increase of 75% from 2024’s figure.
At the PDAC 2025 Convention in Toronto, Minister Montero revealed that the upcoming portfolio includes 84 investment projects, which is nine more than the previous year. This growth is indicative of the mining sector’s significant expansion, having totaled 75 registered projects with investments of US$644 million last year.
During the 10th International Summit of Mining Ministers, Minister Montero emphasized the urgency of enhancing geological studies and expediting the formalization of small-scale mining enterprises. This commitment reinforces the government’s dedication to further developing the industry.
In discussions with key French officials on strategic minerals and critical metals, Minister Montero also engaged with executives from prominent mining companies on the Toronto Stock Exchange. His remarks during the “A Capital Opportunity” symposium highlighted the sustained interest of these firms in investing and expanding opportunities within Peru’s mining sector.
The Minister concluded that, “The Government is making significant efforts to simplify bureaucracy and manage the social aspect more effectively… the mining industry’s growth in Peru is a joint effort between the public and private sectors, and it is the Government’s responsibility to improve regulations to attract investments and close gaps.”
In summary, the Ministry of Energy and Mines in Peru is set to process a significant number of Environmental Management Instruments and explore expansive investment opportunities, signaling robust growth in the mining sector. With projected investments for 2025 surpassing prior figures and a commitment to enhance regulations and formalization in the industry, the government is fostering a favorable environment for both domestic and foreign investments. The collaborative efforts between public and private sectors underscore the collective mission to advance mining exploration in Peru.
Original Source: andina.pe
