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Peru lowered its mining competitiveness compared to 2019 due to lack of new investments

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Arequipa. The mining competitiveness index 2022, from the Institute of Mining Engineers of Peru (IIMP), indicates that Peru has regressed compared to 2019. The issues that affect the rating are related to the lack of new exploration, tax policy, conflict and the climate of trust.

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The study was done by macroconsult and commissioned by the IIMP. It was exhibited this Thursday at the Perumin convention in Arequipa.

Gonzalo Tamayo from Macroconsult explained that, among the setbacks, Peru has decreased in its global budget for exploration. It was indicated that the countries that have advanced in investments are Australia and Canada.

In addition, in Peru, in recent years, the mineral reserves, such as copper, gold and zinc, have had a low level.

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Tamayo added that the tax policy Peru is also less competitive compared to other countries.

negative perceptions

Another aspect is the poor perception of the agents that is reflected in the Fraser survey. For example, compared to 2019, Peru fell into legal security. Tamayo pointed out that this would have been caused by the closure of mines in Ayacucho when Mirtha Vásquez was Prime Minister.

In addition, Macroconsult conducted a survey of different actors, who perceive that conflict is handled worse. We also analyzed the news of the mining industry in the last four years and it was noted that in Peru and Chile they gain greater notoriety for negative reports.

competitive in energy

The research also compared the competitiveness in energy costs, compared to countries such as Chile, South Africa, Australia or Mexico. It was concluded that the price of diesel and electricity in Peru is lower compared to other mining countries.

Source: Larepublica

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