Peru’s Ministry of Economy and Finance plans to oversee 27 mining projects with investments of US$2.8 billion in 2025, highlighting prominent sites. Minister Salardi detailed a broader investment portfolio for 2024 centered on copper extraction and announced nine upcoming projects. The government aims to boost investor confidence and address sectors’ challenges while promoting regional growth and economic expansion.
Peru’s Ministry of Economy and Finance (MEF) is set to monitor 27 mining projects in 2025, with combined investments exceeding US$2.8 billion. Highlighted projects include notable sites such as Las Bambas, Quellaveco, San Gabriel, Inmaculada, and Mina Justa. This initiative was presented to potential investors during the Peru Day event at the Prospectors & Developers Association of Canada (PDAC) mining convention in Toronto, where the government emphasized Peru’s robust mining sector opportunities.
Minister Salardi stressed the Executive Branch’s dedication to enhancing mining investments by establishing trust and collaborating directly with projects to eliminate obstacles. Looking ahead to 2024, Peru boasts a portfolio of 51 projects, expected to generate US$54.556 billion in investments, with a focus on copper extraction across different regional sectors of the country.
Salardi noted that between 2024 and 2025, nine projects are slated to launch, totaling investments of approximately US$481 million. Additionally, a further five projects are in development for the 2026-2029 period, projected to attract US$5.006 billion in investments. Regarding exploration, there are 75 mining projects across 11 regions, aimed primarily at discovering copper and silver deposits with an estimated investment of US$644 million.
The Peru Day event, organized by the Peru-Canada Chamber of Commerce, successfully gathered numerous investors keen on Peru’s mining prospects. Furthermore, Salardi asserted that Peru is poised to lead regional growth, forecasting a 4% economic expansion driven by increased domestic demand, consumption, and private investments, alongside substantial public investment levels.
Looking towards 2025, the Minister characterized the year as promising for Peru’s economic landscape, despite the approaching 2026 elections. He reiterated the necessity for the mining sector to tackle challenges such as enhancing competitiveness, simplifying administrative processes, addressing social gaps, and curbing illegal mining activities.
In conclusion, the Peruvian government is undertaking significant efforts to enhance mining investments, with a comprehensive portfolio and proactive measures to address existing challenges. The focus on monitoring key projects and fostering investor confidence positions Peru as a leading force in regional economic development. With a forecasted expansion, the country is set to maintain positive indicators in the face of upcoming political changes.
Original Source: andina.pe
