The government is committed to investing to generate growth with social inclusion, and mining is a central activity to the country’s economy, said Cabinet Chief, Juan Jiménez.  On this subject he noted that the Conga mining project is important for national development, and so the Government will promote dialogue between Yanacocha and the community of Cajamarca. At the opening ceremony of the 31st Perumin Mining Convention in Arequipa, Jiménez said that the Executive is giving clear signals to promote investment in the mining sector.

He also urged entrepreneurs to trust the Government because it is committed to responsible and sustainable investments. “This government is more committed to the formalisation of mining”.

He said that the challenge of mining is to be more competitive and improve the relationship with the communities where projects are undertaken, and connect populations with development.

He said that Peru is a mining country and that it is important to advance investments in this sector in order to promote development and fight against poverty.

Peru’s participation in global mine production reached 4.1% in late 2012, with a production value of over $27,000 billion, reported the Centro de Investigaciones de Gerens, in its study El Desempeño de la Industria Minera Mundial: 1992 – 2012.

This level would mean a recovery in the global activity, as in 2011 it fell below 4%, after falling steadily since 2009, when it contributed 5.6% of world production, coinciding with the crisis that began in that year.

Regarding the level reached in 2012, Gerens General Manager, Rodrigo Prialé noted that from the value produced for US$ 27,000 billion, copper, silver and gold, accounted together 83% of the total value.

He also stressed that in the last 20 years (1992 to 2012), the value of mineral production in Peru had an average annual growth of 13%. He also indicated that the profitability of mining assets in Peru has been higher than last year, with respect to global mining companies.