The Ministry of Energy and Mines of Peru anticipates processing EGIs for 41 mining projects this year, potentially attracting US$804 million in investments. Significant growth in the sector is forecast, with an expected investment of over US$1 billion by 2025. Minister Montero emphasizes the government’s efforts to enhance regulations and cooperation with the private sector.
The Ministry of Energy and Mines (Minem) of Peru aims to process Environmental Management Instruments (EGIs) for 41 mining exploration projects this year, potentially generating investments of US$804 million. The agency also plans to handle preliminary consultations for 14 projects and exploration authorizations for 29 projects.
Minister Jorge Montero indicated that the Mining Exploration Projects Portfolio is advancing positively, predicting investments in this sector will exceed US$1.039 billion by 2025. Speaking at the PDAC 2025 Convention in Toronto, he noted that the portfolio includes 84 investment initiatives, nine more than the previous year.
The anticipated investment for 2025 is approximately 75% greater than the US$644 million recorded for 75 projects in the previous year, reflecting significant growth in Peru’s mining sector. During the 10th International Summit of Mining Ministers, Montero emphasized the need for enhanced geological studies and the formalization of small-scale mining operations.
Additionally, during PDAC 2025, Montero met with French officials to discuss bilateral cooperation on strategic metals and also with executives from mining companies on the Toronto Stock Exchange regarding investment opportunities in Peru.
He stressed the government’s commitment to streamline bureaucracy and enhance social management, affirming that the mining industry’s growth represents a collaborative effort between public and private sectors. “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,” he stated.
The Ministry of Energy and Mines in Peru is actively processing numerous environmental management instruments and consultations for mining projects, indicating robust investment growth. With significant investments projected for the coming years, Peru’s mining sector is on an upward trajectory, bolstered by efforts to streamline regulations and promote collaboration between government and companies.
Original Source: andina.pe
