Peru’s Minister of Energy and Mines, Gonzalo Tamayo Flores, leads the Peruvian delegation of more than 200 representatives from public and private sectors to the PDAC. During this event, the head of the sector will introduce a new direction for the mining promotion policy promoted by the current government of Peru, which intends to reactivate foreign investment in the development of exploration projects. The geological potential and competitive advantages of Peru in comparison with other countries will also be displayed.
“The new government’s challenge is to increase competitiveness of mining investment in Peru through a new approach that will allow simplification of administrative procedures, reduction of social conflict and implementation of development projects in the areas of influence of the mining sites”, highlighted Flores.
Peru is the world’s second producer of copper, zinc and silver. In Latin America, Peru is the first producer of gold, zinc, lead and molybdenum. It also has the world’s largest silver reserves and leads the Latin American ranking of gold, silver, zinc and molybdenum reserves.
“These figures reflect the wealth of our resources, the Peruvian mining production capacity and the stability of our economic policies”, emphasized the Minister of Energy and Mines.
Among Peru’s competitive advantages of investing in the Peruvian mining sector that the delegation aims to highlight are the low exploration and operating costs, macroeconomic stability, the innovation level of local suppliers and the efforts made by the Peruvian government in promoting a convergence among the production sectors, the communities and the mining industry.
Another important factor is the Peruvian economic model, which offers a regulatory framework that establishes equal treatment to investors regardless of their origin, as well as opportunities in every productive and service activity, within a free market policy.
As part of the PDAC Convention 2017, the ‘Peru Day’ will take place on Monday 6 MArch. It will be an entire day dedicated to introduce diverse aspects of the Peruvian mining industry and its investment opportunities as well as to meet national entrepreneurs.
On Tuesday 7, the ‘CEO & Investors Luncheon’ will take place, which is an opportunity to join more than 130 top executives from mining companies and investment firms interested in investing in the Peruvian mining industry. The Peruvian Head of the Ministers’ Office, Fernando Zavala Lombardi, will attend this event.
During the four-day event, Peru will have an official pavilion offering official updated and useful information for investors, which will be distributed by the Ministry of Energy and Mines. The inauguration of this pavilion will take place on Sunday 5th with the presence of the Minister of Energy and Mines.
Picture courtesy of Panoro Minerals Ltd.