Mining investment accumulated in the tenth month of the year again recorded a drop and fell -13.5% compared to the same period in 2022, according to the Mining Statistical Bulletin (BEM) prepared by the Ministry of Energy and Mines (Minem). Thus, between January and October 2023, investments in the sector did not exceed US$3,591 millioncompared […]
Tag: Minem
Huancavelica: Minem launches tender for the natural gas massification process
The Ministry of Energy and Mines (Minem) announced the start of a bidding process to find bidders to contribute to the laying of networks and the massification of natural gas in the Huancavelica region. The announcement came after the signing of an agreement between Minister Oscar Vera Gargurevich and the regional governor of Huancavelica, Leoncio […]
Euro 6 would delay its entry into Peru until October 2025
The entry of Euro 6 into the Peruvian market, scheduled for the first quarter of 2024 through DS 014-2021-EM, could be extended for almost two more years, and not precisely due to the delay in the start-up of the New Talara Refinery (NRT). Originally, the standard was launched assuming that the NRT would complete its […]
Massification by 2030 would generate savings of S/1,000 million each year
The sustained expansion of natural gas for domestic use would generate annual savings of more than S/1,000 million for families in 2030, in addition to a reduction in energy deprivation (households that use firewood and coal) from the current 26.9%. to only 20.7%. The report ‘Relevance of natural gas in the Peruvian economy and its […]
José Salardi Rodríguez: “In 2024, what was awarded as PPP this year will almost triple”
Although the objective in 2023 was US$3,000 million in public-private partnerships (PPP), the head of Proinversión, José Salardi, is optimistic about almost tripling in 2024 a goal that, in itself, had already been 24 times higher compared to last year, hand in hand with increasingly buoyant confidence in investment. -How do we close 2023? -It […]
Congo equals Peru in second place in global copper production
After a first warning bell in the middle of this year, the Democratic Republic of Congo (RDC) would have already emerged as the second largest copper producer internationally, relegating Peru to third place and occupying a decisive position in key supply for the energy transition at the end of 2023. The president of the Codelco […]
Anadarko will begin seismic work in March 2024
The oil company Anadarko will officially begin its seismic work on the marine lots Z-61, Z-62 and Z-63, located off the coast of La Libertad, between the months of March and April 2024, with the aim of putting them into production by 2027 . During the I Energy and Mines Commission Forum of the Congress […]
Brendan Oviedo: “Opening the market to wind and solar energy will lower electricity rates”
The Peruvian electrical system presents some limitations for investment in wind and solar energy. Brendan Oviedo, president of the Peruvian Renewable Energy Association (SPR), took advantage of the Solar Expo 2023 to explain the project promoted by the Executive to modify Law 28832 and balance competition. -How are we in renewables? -In terms of renewables, […]
Chinese companies manage seven mining projects
For more than ten years, China has established itself as Peru’s main trading partner, managing in the last 30 years to place investments of more than US$17 billion in strategic sectors such as mining and hydrocarbons. Also in the electricity sector and the port area. Mining has been the main industry to which Chinese capital […]
Executive expedites environmental procedures for mining exploration activities
The simultaneous processing of the environmental management instrument regarding mining exploration and the enabling titles regarding water resources will be permitted. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Thursday, November 23? Banco de la Nación: how to access the MultiRed loan for […]