When it comes to exploration, the goal is to optimize the environmental requirements and prior consultation processes.
Regarding active mining operations, the plan is to improve occupational safety and health regulations, as well as the rules related to concession granting, making sure they respond to what is needed in a specific area or sector.
The Minister of Economy and Finance, Alex Contreras, pointed out that the cabinet will also take a closer look and make the necessary modifications to the rules regarding archaeological interventions, environmental adaptation and concessions in border areas.
Contreras also said that measures will be developed to attract $1.5 billion in investments for the production of fertilizers (urea) and explosives (ammonium nitrate), as well as for the development of renewable energy initiatives, particularly wind and solar projects.
Peru is the world’s second-largest copper producer after Chile and is also a significant silver and zinc global supplier.
