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3 clusters · 13 sources · 30 days · First seen · Last updated

Peruvian mining sector challenges

Overview

The Peruvian mining sector continues to navigate structural challenges regarding investment timelines and workforce demographics.

To address long-term investment delays, the government has announced an initiative to reduce administrative bureaucracy by 40%. This plan involves the elimination of 27 permits and the simplification of 14 others. Roberto Maldonado, Vice President of the Institute of Mining Engineers of Peru (IIMP), noted that while this is a positive signal for competitiveness, measures must ensure more efficient and predictable procedures to prevent the postponement of production and job creation. Additionally, the IIMP has highlighted the need for solutions regarding small-scale and artisanal mining, suggesting that the proposed MAPE Law and the creation of the Formape fund could provide a path toward legality following the scheduled closure of the Integral Mining Formalization Registry (Reinfo) on December 31.

Regarding workforce demographics, female participation in mining reached 10.1% in 2024, marking the first time the sector has exceeded double digits. However, this remains significantly lower than the approximately 20% seen in Chile, Australia, and Canada. Magaly Bardales, director of the IIMP, emphasized that the industry must move beyond attraction to focus on retention and growth. She advocated for a three-pillar approach—attraction, retention, and growth—calling for improved shift systems, adapted infrastructure, safe environments free from harassment, and clear career development plans.

Entities

Peru · Institute of Mining Engineers of Peru · Carlos Gallardo · Magaly Bardales · Roberto Maldonado

Timeline

  1. [BUSINESS] 2 sources
    Peru mining sector to see 40% reduction in administrative procedures

    The IIMP supports Peru's plan to cut mining bureaucracy by 40% through permit elimination and simplification, urging that these changes must drive predictable investment and formalize small-scale mining.

  2. [BUSINESS] 5 sources
    Peru mining sector faces challenge in retaining female talent

    Magaly Bardales, director of the IIMP, states that Peru's mining sector must focus on retaining and growing female talent to close the gap with international peers.

  3. [BUSINESS] 8 sources
    Peru mining projects face average 15-year delays

    Mining projects in Peru face average delays of 15 years, according to the IPE, prompting government efforts to simplify administrative procedures to boost investment.

Sources

desdeadentro.pe · energiminas.com · entrelineas.com.mx · gestion.pe · hondudiario.com · lucesdelsiglo.com.mx · minart.pe · minergiaperu.com · notimundo.com.ec · perfil.com · proactivo.com.pe · tiemposur.com.ar · vanguardia.com.mx

This summary has been updated 1 time: see revision history