US EditionPeru Mulls Green Light for $6 Billion in Mining Projects, President Says
PERU, JUL 28 – Peru aims to boost mining sector revenue with 134 projects worth $6 billion amid political unrest and nearly 30% poverty, targeting formalization and improved financing for small miners.
- Peru’s government is weighing $6 billion in mining projects covering 134 initiatives, according to President Dina Boluarte.
- Faced with nearly 30% poverty and Boluarte's approval rating sinking to 2.1%, Peru faces mounting political and economic pressures.
- Protests paused during negotiations as over 50,000 informal miners were excluded from the formalization scheme, leaving 31,000 eligible for reintegration.
- Miners have temporarily halted their protest and blockade during discussions about a possible new mining law, while the government drafts legal reforms and plans a private mining fund for small formal miners.
- These initiatives form part of a broader investment pipeline totaling $65bn, and the mining sector is expected to directly employ over 300,000 workers by year’s end.
12 Articles
12 Articles
Peru pushes ahead with $6bn mining overhaul amid political turmoil
Peru’s embattled government is pressing forward with a sweeping mining agenda, reviewing 134 new projects worth over $6bn as it attempts to stabilise an economy battered by political unrest and social discontent.
Peru mulls green light for $6 billion in mining projects
Peru is considering whether to give the green light to a wave of new mining projects worth a combined $6 billion in investments, President Dina Boluarte said on Monday, as her deeply unpopular government seeks to boost revenues from the industry.
Peru mulls green light for $6 billion in mining projects, president says
LIMA - Peru is evaluating the authorization of 134 mining exploration and exploitation projects worth an estimated investment of $6 billion, President Dina Boluarte said on Monday, as her government looks to boost revenues from the key industry. Read more at straitstimes.com.
Boluarte listed a list of projects, such as the evaluation to authorize 134 mining and exploration projects
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