Peru’s Ministry of Energy and Mines Expects Significant Investment Growth in Mining Sector
The Ministry of Energy and Mines in Peru is set to process Environmental Management Instruments for 41 mining exploration projects, anticipating US$804 million in investments. The projected investment for 2025 could exceed US$1.039 billion. Minister Jorge Montero emphasizes the need for improved regulations and cooperation in the mining sector, indicating significant growth potential.
The Ministry of Energy and Mines (Minem) of Peru anticipates processing Environmental Management Instruments (EGIs) for 41 mining exploration projects this year, which could attract investments totaling US$804 million. In addition, Minem plans to conduct preliminary consultations for 14 exploration projects and intends to authorize exploration requests for an additional 29 projects.
Minister Jorge Montero announced that the Mining Exploration Projects Portfolio is showing promising growth this year, with projections suggesting that investments in the sector could surpass US$1.039 billion by 2025. This portfolio is expected to include 84 investment initiatives, an increase of nine from the previous year.
The estimated investment for 2025 reflects a staggering 75% increase compared to 2024’s reported figures. Last year, Peru recorded 75 projects with investments of US$644 million, further demonstrating the robust growth within the mining sector.
Minister Montero also participated in the 10th International Summit of Mining Ministers and contributed to the conference titled “Discovering the Minerals of Tomorrow: Accelerating Discovery and Production,” emphasizing the necessity of enhancing geological studies and expediting the formalization of small-scale mining operations.
During PDAC 2025, Minister Montero held discussions with French officials, including Delegate for Strategic Mineral Supplies, Benjamin Gallezot, and Advisor on Critical Metals and Energy Transition, Antoine Babonneau, regarding bilateral cooperation on strategic metals. Furthermore, he, alongside Economy-Finance Minister Jose Salardi, engaged with executives from mining companies on the Toronto Stock Exchange and TSX Venture Exchange, underlining their sustained interest in investing in Peru.
The Minister stated, “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.”
In summary, the Ministry of Energy and Mines in Peru is poised to process numerous environmental management instruments for a range of mining projects, indicating a robust investment climate. Expected investments for 2025 show marked growth potential compared to previous years, reflecting positively on the mining sector’s trajectory. The government’s focus on facilitating mining operations and enhancing collaborations with international partners demonstrates a commitment to advancing the industry and attracting further investments.
Original Source: andina.pe
