At a recent international conference on mining and resources, Peruvian officials stated that the country is increasing efforts to attract mining investment and introduced Peru as a country with macroeconomic stability and favorable regulatory frameworks.
Peruvian Minister of Energy and Mines Oscar Vila Gagurevic stated at the meeting that the Peruvian government is working to create legal avenues to eliminate licensing barriers and other procedures that hinder the development of the mining industry. He pointed out that the country is also focused on strengthening its legal framework so that foreign investors can leverage Peru's enormous potential in copper, iron, gold, lithium, and tin resources to develop mining exploration and extraction projects.
Vera Gagurevic said, "Mining will help provide us with the resources we need to support better education, healthcare, infrastructure, basic services, and everything that contributes to the well-being of our children and all Peruvians." He emphasized that the Peruvian government believes that the existence of mining will improve people's quality of life and enhance their outlook on the future, rather than opposing mining.
Meanwhile, Juan Carlos Matthews, the Minister of Foreign Trade and Tourism of Peru, also delivered a speech at the London Investment Roadshow. He stated that Peru is working hard to consolidate its mining project portfolio and attract more investors. Matthews believes that the development of the mining industry will improve people's quality of life and enhance their outlook for the future.
At an event organized by JPMorgan Chase, the Financial Times, and the Peruvian Export and Tourism Promotion Council, Matthews held a private meeting with representatives from companies such as Anglo American Resources, Hochschild Mining, Goldman Sachs, Lloyds Bank, Royal Bank of Canada Capital Markets, and Lazard. The main topics discussed at the meeting include mining prospects, energy investment, trade and investment facilitation, as well as environmental and agricultural projects.
Matthews pointed out that in the past 20 years, the total investment of the UK in Peru has reached 12.9 billion US dollars, of which 83% is concentrated in the metal industry, followed by the food, energy, and tourism industries.
Peru, as a country with abundant mineral resources, has been committed to attracting more mining investment in recent years. The country has one of the largest copper reserves in the world and also has enormous potential in mineral resources such as iron, gold, lithium, and tin. The Peruvian government has provided a better investment environment and opportunities for foreign investors by eliminating licensing barriers and strengthening legal frameworks.
The Peruvian government recognizes that the development of the mining industry is crucial for promoting economic growth, improving infrastructure, and providing basic services. They believe that by attracting more mining investment, Peru will be able to provide the necessary resources to support the development of education, healthcare, and other social welfare projects, and improve the quality of life for its people.
Peru's macroeconomic stability and favorable regulatory framework provide investors with confidence, making them more willing to invest their funds in mining projects in Peru. As Peru increases its efforts to attract mining investment, it is expected that more investment will flow into the country, promoting the development of the mining industry and contributing to economic growth and social development.
