Lima, JUNE 22 2022 Apurímac, Cusco, And Puno To Collect More Than Pen 3.3 Billion As Fiscal Redistribution And Royalties Thanks To New Mining Projects

  • Specialists will analyze the opportunities for developing road infrastructure in these regions with resources coming from the mining industry

Lima, June 22, 2022. The regions of Apurímac, Cusco, and Puno would collect the significant combined amount of PEN 3.363 billion by 2031 if the mining projects in the project portfolio were to be executed, according to the study entitled “Economic and social impact of mining in southeastern Peru”, conducted by the Center for Competitiveness and Development (CCD) and the Peruvian Institute of Mining Engineers (IIMP).

Based on this analysis, presented during Rumbo a PERUMIN, Apurímac would be the region to benefit the most, with approximately PEN 2.285 billion. At present, this region has a portfolio of seven mining projects, among which Hierro Apurímac ($2.9 billion), Los Chancas ($2.6 billion), and Haquira ($1.86 billion) stand out.

Cusco, on the other hand, will get PEN 950 million from the execution of three projects in the portfolio, namely: Quechua ($1.29 billion), Coroccohuayco Integration ($590 million), and Achha and Yanque ($346 million). As for Puno, this region will receive over PEN 125 million as fiscal redistribution and royalties, with new projects, such as Falchani ($587 million) and Corani ($579 million.)

Looking for opportunities to develop infrastructure

Given the debate surrounding the proper use of resources coming from mining, Rumbo a PERUMIN’s next debate agenda will devote some time to exploring the opportunities offered by the mining industry for developing infrastructure in the regions of Apurímac, Cusco, and Puno. One of the participants in this event is Gabriel Daly, CONFIEP’s manager of economic policy and development, and former general director of the General Directorate of Private Investment at the Ministry of Economy and Finance.

“The resources obtained from fiscal redistribution and mining royalties must be used in an effective way, without corruption. Now more than ever, we require public works that meet people’s needs for education, health, roads, access to water, among others,” said Miguel Cardozo, engineer and president of Rumbo a PERUMIN.

It is worth noting that the next session of Rumbo a PERUMIN, which will focus on the southern mining regions, will be held virtually on Thursday, June 23, at 8.00 pm, and will be live streamed via PERUMIN’s platforms. The event will also feature Nicolas Luza, zonal coordinator of Provías in Puno; Zaida Tecsi, journalist for La República Cusco; and Eleazar Crucinta, rector of Universidad Nacional San Antonio Abad de Cusco.

For more information about the activities of the second session of Rumbo a PERUMIN, please follow PERUMIN’s official accounts:

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Newsletter PERUMIN 35

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