The Peruvian government is set to monitor 27 mining projects with investments surpassing US$2.8 billion by 2025. Minister Salardi emphasized the importance of restoring investor trust and facilitating project advancements. With a portfolio of 51 projects in 2024 and focus on copper extraction, Peru is poised for significant economic growth despite upcoming elections.
The Peruvian government plans to monitor 27 mining projects with approximately US$2.8 billion in investments by 2025. Major projects such as Las Bambas, Quellaveco, San Gabriel, Inmaculada, and Mina Justa will be included in this oversight. During the Peru Day event at the PDAC mining convention in Toronto, government officials discussed opportunities for mining development in the country and emphasized their commitment to accelerating investments by restoring trust and addressing project bottlenecks.
Minister Salardi highlighted a robust project portfolio for 2024, comprising 51 projects totaling investments of US$54.556 billion, with 73% focused on copper extraction across various regions in Peru. Between 2024 and 2025, nine projects are set to launch, amassing investments close to US$481 million. Moreover, five additional projects are planned for the period of 2026-2029, totaling up to US$5.006 billion in investments.
In terms of mining exploration, Minister Salardi reported a portfolio of 75 projects across 11 regions, projected to attract investments of up to US$644 million. A significant portion of these exploration initiatives is concentrated on copper and silver deposits. The Peru Day event, organized by the Peru-Canada Chamber of Commerce, aimed to engage investors in dialogue regarding Peru’s mining proposals.
The minister reiterated Peru’s leading position in regional growth, foreseeing an estimated 4% expansion attributed to increased domestic demand, private investments, and high public investment levels. Despite the political context of the upcoming 2026 elections, he maintains a positive outlook on Peru’s economic indicators for 2025. Furthermore, he identified key challenges for the mining sector, including enhancing competitiveness, simplifying administrative processes, addressing social and economic disparities, fostering a new investment cycle, formalizing artisanal mining, and tackling illegal activities.
In summary, Peru is set to enhance its mining sector through extensive monitoring of key projects and substantial investment. The government’s proactive approach aims to foster investor confidence and stimulate economic growth, particularly in copper extraction. By addressing challenges and promoting exploration, Peru is poised for significant advancements in its mining industry, making 2025 a pivotal year for its economic landscape.
Original Source: andina.pe
