The Ministry of Energy and Mines of Peru expects to process Environmental Management Instruments for 41 mining exploration projects this year, potentially leading to US$804 million in investments. Minister Jorge Montero announced a projected investment exceeding US$1.039 billion for 2025, with significant growth forecasted for the mining sector. Further discussions at PDAC 2025 emphasized the importance of collaboration and streamlined regulations to enhance investment opportunities in Peru’s mining industry.
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 are projected to generate investments totaling US$804 million. Additionally, the agency plans to manage preliminary consultations for 14 exploration projects and seek exploration authorization for 29 projects.
Minister Jorge Montero announced positive progress in the development of the Mining Exploration Projects Portfolio, with projected investments expected to exceed US$1.039 billion by 2025. This forecast includes 84 investment initiatives, representing an increase of nine initiatives over the previous year. Notably, the anticipated investment for 2025 is about 75% higher than reported in 2024, reinforcing the mining sector’s growth in Peru.
In 2023, Peru registered 75 projects with investments of US$644 million, indicating a robust expansion in the mining sector. Minister Montero highlighted these developments during his participation at the PDAC 2025 Convention in Toronto, Canada, where he also spoke at a major mining conference about improving geological studies and formalizing small-scale mining.
While at PDAC 2025, the minister held discussions with French officials on strategic metals and met with executives from mining companies on the Toronto Stock Exchange to explore investment opportunities. During the symposium “A Capital Opportunity,” he underscored the commitment of these companies to invest and grow their businesses in Peru. He concluded by stating, “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 the regulations to attract investments and close gaps.”
The Ministry of Energy and Mines of Peru is poised to process key environmental instruments for 41 mining projects, fostering significant investment estimates exceeding US$1 billion for 2025. Minister Jorge Montero’s remarks during PDAC 2025 reflect an optimistic outlook on the mining sector’s growth, further emphasizing the collaborative effort between government and industry to streamline regulations and enhance investment opportunities. The continued commitment to geological studies and formalization of mining practices highlights the government’s proactive approach in supporting this essential economic sector.
Original Source: andina.pe
