Peru’s Minister of Energy and Mines, Rosa Maria Ortiz, reaffirmed the State is committed to boost and support environmental socially responsible investment in mining, since such sector leads the economy of the country.
The investment portfolio in the mining industry comprises 51 projects, whose total investment in the following five years will be US$63.9 billion.
During the closing ceremony of “International Congress of Prospectors and Explorers – Pro Explo 2015”, Ortiz detailed that US$ 9.2 billion (14.5%) of the aforementioned portfolio will be allocated to the expansion of the mine.
Likewise, US$28.8 billion (45.16%) will be allocated to projects whose environmental impact assessment has already been approved, and US$25 billion (39.23%) to projects in exploratory stages.
"In the short-term, most of the investment is directed to projects in an advanced development stage, that is, those whose construction is under way or almost complete, including, among others, Las Bambas, Inmaculada, Shahuindo, Crespo, Toromocho and Constancia," she continued.
There is a series of projects in the exploratory stage for the long-term, whose reserves are expected to be confirmed.
“This is why we are working to further easy the process to obtain authorizations and permits,” she pointed out.
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Published: 5/21/2015