The Peruvian MEF will oversee 27 mining projects with US$2.8 billion in investments by 2025, including major initiatives like Las Bambas and Quellaveco. Minister Salardi noted a portfolio of 51 projects worth US$54.556 billion for 2024, with a focus on copper. The country’s commitment to enhancing mining investments and addressing challenges was emphasized during the Peru Day event in Toronto.
The Peruvian Ministry of Economy and Finance (MEF) announced plans to monitor 27 mining projects with a total investment of over US$2.8 billion by 2025. Key projects include Las Bambas, Quellaveco, San Gabriel, Inmaculada, and Mina Justa, targeting significant opportunities for mining development in the South American country. During the Peru Day event held in Toronto as part of the PDAC mining convention, Minister Salardi emphasized the government’s commitment to fostering trust and directly facilitating project advancements.
Minister Salardi highlighted that Peru is advancing with a portfolio of 51 mining projects set to emerge in 2024, amounting to US$54.556 billion in investments. A significant portion, approximately 73%, is dedicated to copper extraction, strategically located across northern, central, and southern regions of the country. Additionally, investments totaling up to US$481 million will catalyze nine projects launched between 2024 and 2025, with five more projects planned for the 2026-2029 period, worth up to US$5.006 billion.
Regarding mining exploration, Minister Salardi detailed a robust portfolio of 75 projects across 11 regions of Peru, with potential investments of US$644 million. These exploration initiatives predominantly target copper and silver deposits, underscoring the country’s resource potential. The Peru Day event, organized by the Peru-Canada Chamber of Commerce, attracted numerous interested investors keen to learn about Peru’s mining prospects.
Minister Salardi reaffirmed Peru’s regional leadership in economic growth, projecting a 4% expansion bolstered by rising domestic demand, consumption, and private investments. Remarkably, public investment has reached record levels, providing additional support. Despite the forthcoming electoral landscape in 2026, Salardi anticipates that the country’s economic indicators will remain favorable, positively impacting the mining sector.
In summary, Peru is poised for significant growth in its mining sector, with substantial investments planned for various projects by 2025. The government’s proactive measures aim to enhance competitiveness and stimulate new investments, promoting Peru’s role as a regional leader in mining development. The upcoming years, especially 2025, are anticipated to yield positive economic outcomes, despite the challenges presented by the election cycle.
Original Source: andina.pe
