Government efforts are geared towards increasing mining investment and cutting administrative expenses, Energy and Mines Minister Cayetana Aljovin underlined.
"Our goal is to have more investment in all stages of mining activity and less bureaucratic costs," the government official pointed out.
Aljovin stressed the country cannot afford "to waste time in
red tape in order to carry out mining activities," as this "undermines our competitiveness."
To this end, the government is working on amendments to mining occupational health and safety regulations, as well as on the coming release of the new Environmental Regulation for Mining Exploration Activities.
In addition, Minister Aljovin highlighted articulated efforts with sectors that have a significant impact on mining development, such as the Environment and Culture Ministries.
"We will guarantee mining activity continues to drive Peru's economic growth. This is evidenced by the fact that the estimated mining project portfolio exceeds US$46 billion […]," she observed.
Mining exploration
Finally, the high-ranking official addressed Peru's share in terms of global
mining exploration.
She noted that, while the Inca country accounted for 6% of the global mining exploration budget in 2016, it seeks to attract —at least— 8% by 2021.
Remarks were made during a ceremony on the occasion of the Geological, Mining and Metallurgical Institute's (Ingemmet) 38th anniversary.
(END) MMG/DHT/RMB/MVB
Published: 8/16/2017