APURÍMAC, JUNE 30 2021 Milton von Hesse: "We must make the population feel the benefits of mining activity"

The director of Videnza Consultores recalled that between 2013-2018, the income of the Challhuahuacho district rose from S/ 6 million to S/ 150 million thanks to the presence of Las Bambas.

He also highlighted that in the province of Cotabambas (Apurímac region), transfers associated with extractive activity (canon, excess-royalty and royalties) increased from S/ 9 million (2013) to S/ 233 million (2018).

In this regard, Milton von Hesse argued that in light of good international metal prices, it is expected that production conditions will be suitable, that companies will have higher revenues, higher profits; which will allow higher income tax and more available resources in the territories where mining is exploited.

"The most important thing is to make the population feel the benefits of mining activity; and of the increased income directly. Unfortunately, what has often been lacking are regional investments aimed at meeting the basic needs of the population, such as water, sanitation, education, and health. Generally, this is left to the national government and the money that comes in from canon and royalties is usually used for other things," he said.

Public-Private Partnership Tool

During his participation in the second day of Heading to PERUMIN Apurímac - organized by the Organizing Committee of PERUMIN 35 Mining Convention and the Peruvian Institute of Mining Engineers (IIMP) - the former Minister of Agriculture emphasized the need to promote Public-Private Partnerships (PPP).

"The post Lava Jato hangover took all the PPPs and they froze. It is a tool that could also be used for multipurpose and multi-stakeholder infrastructure projects", said Milton von Hesse.

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