Peru’s Ministry of Energy and Mines aims to process EGIs for 41 mining projects, estimating US$804 million in investments this year. The projected investment for 2025 exceeds US$1.039 billion, marking substantial growth in the sector. Minister Jorge Montero emphasizes collaboration for effective regulation and investment attraction.
The Ministry of Energy and Mines of Peru (Minem) anticipates processing Environmental Management Instruments (EGIs) for 41 mining exploration projects this year, potentially generating investments of US$804 million. Additionally, Minem plans to process preliminary consultations for 14 exploration projects and authorization requests for 29 projects, indicating a proactive approach to growth in the mining sector.
Minister Jorge Montero disclosed that the Mining Exploration Projects Portfolio is on a positive trajectory, projecting investments to exceed US$1.039 billion by 2025. At the PDAC 2025 Convention in Toronto, he noted that the portfolio comprises 84 initiatives, surpassing the previous year’s count by nine. This expected investment represents a 75% increase from the 2024 figures.
In the previous year, Peru recorded 75 projects with total investments reaching US$644 million, highlighting significant growth in the mining sector. Minister Montero also participated in the 10th International Summit of Mining Ministers, focusing on enhancing geological studies and formalizing small-scale mining operations.
During PDAC 2025, Minister Montero engaged with France’s Delegate for Strategic Mineral Supplies and critical metals advisors to foster bilateral cooperation. Furthermore, alongside Economy-Finance Minister Jose Salardi, he met with executives from Toronto-listed mining companies to emphasize the ongoing interest in investment and development in Peru’s mining sector.
The Minister remarked on the government’s efforts to streamline bureaucracy and enhance social management, asserting that the growth of Peru’s mining industry relies on collaboration between the public and private sectors. He underscored the government’s role in refining regulations to attract investments effectively.
The Ministry of Energy and Mines of Peru is positioning itself for significant growth in the mining sector with strategic plans for processing Environmental Management Instruments and attracting substantial investments. The projected increase in exploration initiatives and investments underlines a vigorous commitment to development, bolstered by cooperative efforts with international partners and private sector actors.
Original Source: andina.pe
