Peru mining sector to see 40% reduction in administrative procedures

The Institute of Mining Engineers of Peru (IIMP) has highlighted the government's announcement to reduce administrative bureaucracy in the mining sector by 40%. This initiative involves the elimination of 27 permits and the simplification of 14 others.

Roberto Maldonado, Vice President of the IIMP, stated that while administrative simplification is a positive signal for Peru's competitiveness, these measures must result in more efficient and predictable procedures to accelerate long-term investments. He noted that delays in administrative processes postpone production opportunities, job creation, and economic resources for regional areas.

Additionally, the IIMP emphasized the need for a definitive solution for small-scale and artisanal mining. Maldonado suggested that the proposed MAPE Law and the creation of the Formalization and Promotion Fund for Small-Scale and Artisanal Mining (Formape) could provide a viable path toward legality, especially following the scheduled closure of the Integral Mining Formalization Registry (Reinfo) on December 31.