The head of the Ministry of Energy and Mines (Mienm), oscar verareported that the southern mining corridor will be unblocked in the coming days.
“The information we have is that it will practically be free in the next few days, if not, this week, and the transfer of minerals from Las Bambas, which has been withheld for a long time, would be restarting. This would give the country another scenario.” he told The Republic.
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The official emphasized that after meeting with the directors of Las Bambas — a mining operation affected by the obstruction of this stretch — he asked them to “push on the accelerator and make up for lost time.”
This year private investment in the mining sector is expected to fall by just over 16%but Minister Vera is confident in regaining the confidence of businessmen.
“We have given investors the message of confidence that Peru is a feasible country to continue making investments. We have important resources and great potential in minerals due to its geographical location and low costs for mining investment. We offer stability so that your investments Don’t take risks”, he mentioned after completing the Prospectors & Developers Association of Canada (PDAC – 2023).
Source: Larepublica
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