The 2023 edition of the Perumin mining convention will receive its nearly 60,000 convention attendees with an agenda of the Peruvian mining that little has changed since last year’s edition. The 2022 convention left the data that Peru had regressed to last place in the competitiveness index compared to other mining countries due to the lack of new projects and the climate of mistrust for the prospecting business.
This Wednesday the event was launched, which will be from September 25 to 29. Regarding new mining projects, Peru has 48 operations (47 in the portfolio and one under construction). The president of Rumbo a PeruminDomingo Drago, reported that of the total, only one is under construction, which is San Gabriel in the department of Moquegua.
“As a country, we need to continue growing (…) Today we have many projects in the pipeline and only one is being built. We need to promote investment and those Projects that on paper represent a lot of money are valued,” said Drago. Sleeping investments represent an amount of 57 billion dollars.
Drago said that 34% of projects are in the north, 21% in the south, Apurímac is the region with the greatest potential. However, the portfolio also considers projects of Arequipa, such as Zafranal and Tía María. The latter has been paralyzed since 2011 due to protests in the Tambo Valley (Islay), despite the fact that it already has a construction license since 2019.
However, since the organization of Perumin, Tía María is not ruled out, due to its potential of 1,400 million dollars. “I think for everyone (it’s on the agenda). None can be ruled out,” Drago said.
The Tía María conflict occurs due to the fear of the inhabitants of the Tambo Valley of a possible environmental pollution to the agricultural area. For the president of Perumin 36, Miguel Cardozo, crops and mineral extraction can coexist and he described the dichotomy of “agro yes, mine no” as an “unhappy” phrase.
political uncertainty
The last throwback Peru in the mining competitiveness index, it was also due to the lack of a climate of trust, predictability and favorable regulations. Cardozo argued that this not only affects the mining sector but all economic activity.
“There is a political struggle in the country that has not ended and that started a long time ago and is probably going to last for a while longer. This affects the entire country and its economic development and sustainable”, said the president of Perumin.
He added that instead of new electoral processes, consensus is needed to get out of the political crisis.
Source: Larepublica
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