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Wednesday, March 22, 2023

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Mining: half of exploration investments are in the environmental management stage

Encouraging outlook. He Ministry of Energy and Mines (Minem) published the new edition of the 2023 Mining Exploration Project Portfolio, made up of 74 exploration projects in 17 departments of Peru. All, with a global investment of US$596 million.

The document, presented through the General Directorate of Mining Promotion and Sustainability, states that 30 of the 74 lists, with an investment of US$134 million (22.5% of the amount of the portfolio), are already in the execution stage or are about to start. , thanks to the fact that today they have all the permits.

Similarly, a list of 17 mining projects, involving an investment of US$136 million (22.7% of the total), remains in the evaluation stage of the exploration authorization.

Finally, the 27 remaining mining projects remain in the evaluation stage of their Environmental Management Instrument (IGA) and concentrate an investment of US$ 327 million (54.8%), that is, half of the projected investment for this anus.

On the other hand, copper, Peru’s main export metal, is in first place of interest for investors in the sector, with 39 mining projects and an investment of US$284 million.

Immediately afterwards, gold is found with 18 projects and an investment of US$220 million. Zinc continues on the list, with nine projects and a joint investment of US$47 million. Finally, there are 8 silver and lithium projects and a joint investment of US$46 million.

Minem: Cajamarca is the destination

Regarding the regions, the Minem reported that Cajamarca maintains the leadership with 3 projects: La Zanja, Colorado and Algamarca, which add up to an investment of US$124 million (20.8% of the global amount).

Ancash ranks second with a 15.6% share of the exploration budget, represented by 10 projects with an investment of US$93 million. In third position, Arequipa is located, representing 12.7% of the total investment in the exploration portfolio distributed in 10 projects and with a joint investment of US$76 million.

Source: Larepublica


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