Peru mining projects face average 15-year delays

The Peruvian Institute of Economy (IPE) reports that mining projects in the country's investment portfolio face an average delay of 15 years. According to IPE General Manager Carlos Gallardo, these delays reflect significant difficulties in launching new operations and expanding production. Analysis suggests that projects intended to begin operation this decade could face development periods of at least 49 years.

Despite favorable international metal prices—with export prices in early 2026 estimated to be 88% higher than 2011 levels—mining investment as a percentage of GDP remains below previous high-price cycles. The IPE notes that competitors such as Chile, the United States, and Canada are implementing measures to simplify procedures, including single-window systems and automatic permit approvals for low-risk activities.

In response to economic needs, the Peruvian government has proposed an agenda to simplify procedures and eliminate barriers to facilitate investment. While the Central Reserve Bank of Peru projects private investment will grow by 14% this year, experts warn that delays between announcing and implementing regulatory reforms could cause companies to postpone investments in anticipation of future simplified requirements.