14 November 2023
by Alex Brinded

Peruvian Government creates a mining action plan

The Peruvian Government has designed an action plan to boost its domestic mining sector, reports state news agency Andina.

© McKayla Crump / Unsplash

The 25 actions are designed to work through the United Plan - which is for all the country's productive sectors to encourage GDP growth and mitigate the impact of the El Niño phenomenon.

Reports in Andina reveal that there are 13 management and regulatory measures that will be promoted for the mining sector in the exploration and operation processes.

The Minister of Economy and Finance, Alex Contreras, is quoted as saying, 'Mining is the resilient sector at the moment because it is making it possible to sustain growth or moderate the negative impact of shocks and, therefore, in coordination with the relevant ministries, 13 management and regulatory measures will be proposed with two objectives: to promote mining exploration and, on the other hand, to boost mining production. These devices will be complementary and will be published over the coming days and weeks.'

The government says that regulations will be improved in mining operations (occupational health and safety) and in mining production and concessions, adapting them to the sector's needs.

Part of the package includes the desire to improve archaeological interventions, environmental adaptation and concessions in border areas for mining and exploration.

Legal provisions are reported to allow US$1,500mln investment to produce fertilisers (urea) and explosives (ammonium nitrate), and strengthen the competitiveness of the agricultural and mining sector.

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Alex Brinded

Staff Writer