Participants from different parts of the world became members of our institution through our networking platform.
The Chamber of Mines of Peru had an outstanding participation at PDAC 2021, the most important mining event in the world. It was held from March 8 to 11 and brought together 132 countries as well as more than 1,900 investors from the sector, who received an updated vision of the mining panorama and shared experiences for the development of the extractive activity.
It should be noted that about 25,800 people attend the Canadian-based convention each year, including mining production companies, government representatives, among others.
The participation of The Chamber of Mines of Peru at PDAC 2021 supports the global presence of the organization; it also contributes to its role in achieving mining for everyone.
As part of its commitment to development and innovation in the mining sector, our institution had a virtual exhibition platform at the event where exhibited documentation related to our innovation projects in Geology, Mining, Metallurgy, Safety, Environment and Social Responsibility within the sector.
Through this space, PDAC 2021 attendees also had the opportunity to interact with professionals from different parts of the world.
In addition, attendees were able to be members of The Chamber of Mines of Peru, and thus be eligible for the multiple benefits we offer to natural persons, legal persons and students committed to a responsible mining society.
These benefits are aligned with our strategic objectives: Mining Development, Consulting, Training, Social Responsibility, Conflict Resolution, Mining Culture, Communication, Recognition and Global Presence.
In 2021, Peru once again became a sponsor country of the PDAC. And, as in other years, its presence was one of the highlights of the event.
Therefore, the main representatives of the Executive Branch participated in the event. For example, the Minister of Energy and Mines, Jaime Gálvez Delgado, who presented the Portfolio of Mining Exploration Projects 2021.
In fact, he indicated that there are a total of 60 projects representing a combined investment of USD 506 million in 16 regions of the country.
According to Gálvez, by 2025, construction is expected to begin on 13 projects for USD 11.7 billion, including Yanacocha Sulfides (2021), Corani (2021), San Gabriel (2021), Magistral (2022), Zafranal (2023), Los Chancas (2024), Michiquillay (2025), among others. Likewise, the region with the largest investment is La Libertad, which has 3 projects with an investment of USD 76 million.
“In addition to the portfolio list, there are nine advanced exploration projects for an amount of USD 134 million that are part of investments included in the construction portfolio,” said the Minister during his presentation at PDAC 2021.
He also mentioned that this year the country expects an increase in exploration investments. He even indicated that the total amount of investment in this area would reach USD 300 million.
The President of the Council of Ministers, Violeta Bermúdez, highlighted the characteristics that make Peru an ideal place for investment. In fact, the country is expected to become the leader in growth in Latin America.
“Peru outstands in having a neutral fiscal system for investment, which strengthens its position as a highly competitive mining market. It is therefore making a major effort to improve the regulatory framework and make it more attractive. Furthermore, assistance is provided to investment through a special investment monitoring team, in addition to the extension of fiscal benefits until 2022 for mining and hydrocarbon exploitation,” she said in her virtual presentation at PDAC 2021.
In addition, she reaffirmed that “investing in Peru means betting in favor of a country that requires the necessary impulse to overcome challenges such as inequality; because behind the macroeconomic figures and the impulse of greater and better mining investments, there is each and every Peruvian citizen who expects a country of opportunities with wellbeing.”
“Investing in Peru is an opportunity for progress for everyone. We have a portfolio of mining projects that demand an investment of more than 56 billion dollars. And our challenge as a country is to attract the necessary capital to launch these projects that will strengthen Peru’s position as a thriving mining nation in the world.”
Finally, the participation of our institution at PDAC 2021 allowed us to continue promoting mining development with social and environmental responsibility, in a context of global integration. So that we can promote “Mining for Everyone.”
That is to say, to propose activities based on technology, research and sustainability that facilitate a globalized development of extractive activities through a synergy between business, society and the State.
