A total of 92 mining projects presented by the owners, for an amount of US$4,470 million in investments, are being evaluated to obtain authorization for Exploration, Exploitation and Benefit Concession, as appropriate, by the General Directorate of Mining (DGM) of the Ministry of Energy and Mines (MINEM).
In this group, the Inmaculada Replacement projects (US$2,835 million) located in Ayacucho; Yumpag (US$87 million) in Pasco; Chalcobamba Phase I (US$24 million) in Apurímac and other 89 projects for US$1,524 million.
The DGM also reported that the mining projects Antamina Replacement (US$1,604 million), Huancapeti Expansion (US$345 million), Tantahuatay Replacement (US$127 million, Raura Replacement (US$76 million), Romina (US$150 million) ), Zafranal (US$1,263 million) and Pampa de Pongo (US$2,344 million).
Jorge Soto Yen, head of the DGM, maintained that, during 2023, Minem granted authorizations to 164 approved projects in the aforementioned areas, which would call for more than US$5,154 million in investments, achieving an increase of 285% compared to 2022. .
“In 2023, the country returned investor confidence, thanks to the management of the sector led by Minister Oscar Vera. Proof of this is the approval of 164 projects for US$5,154 million and the increase in the production of metals, mainly copper, which managed to reach important figures such as 2.7 fine metric tons,” Soto highlighted.
The MINEM authorized operations for 28 approved Exploration ruble projects that totaled a mining investment of US$323 million, an increase of 242% compared to 2022. In this group, Marcobre (US$194 million), Kiwanda (US$25 million) stand out. and Chakana (US$23 million).
Meanwhile, in the Exploitation area, 22 approved projects were authorized with a total investment of US$2,346 million, 370% more compared to 2022. In this area, the Antapaccay projects (US$1,104 million), Hudbay (US$796 million) stand out. million) and Gold Fields (US$218 million).
Meanwhile, a group of 114 approved projects in the Benefit Concession category were authorized for a total of US$2,485 million, 233% more than that registered in 2022. The Chinalco (US$812 million), Yanacocha (US$368 million) and Las Bambas projects (US$269 million), stand out in this area.
Source: Larepublica
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