The economist suggests taking advantage of the mining potential of all regions to boost development.

On the first session of Heading to PERUMIN:Toward economic recovery, Mercedes Aráoz, researcher at Universidad del Pacífico was present. She highlighted the impact of mining investments in our country and the opportunity that most of the regions have to join this industry.

“Almost 70% of (Peru’s) exports come from non-traditional exports, where mining exports and copper in particular make up the bulk (…) The most important foreign direct investment is also from mining. Out of the US$ 30 billion that we have more or less in stock of foreign direct investment, almost US$ 7 billion is foreign direct investment that comes to the mining sector,” she explained.

She also agrees that large and medium-scale mining have a high impact on the wellbeing of neighboring districts compared to non-mining areas, as is presented in the study prepared by Macroconsult for the Peruvian Institute of Mining Engineers (IIMP by its spanish initials). To expand this benefit, she considers that all regions of the country should take advantage of their geological potential.

“All or almost all regions of the country have investment opportunities,” she remarked.

In addition, Araóz put in context that currently, minerals such as copper, which are abundant in our territory, are on the world agenda, due to their high demand for the transition to clean energies.

“The energy transition issue leads us to consider investments nowadays to be able to offer a greater amount of resources for the needs of industrial minerals,” she explained.

Therefore, she stated that more foreign direct investment should be attracted to the country's operations, prioritizing that these foreign currencies generate a greater impact on social issues and sustainability in general.

Heading to PERUMIN

Heading to PERUMIN is a platform for decentralized conferences that analyze important factors for the country's development and the role of mining in this process. It is chaired by Domingo Drago, Director and vice president of Corporate Affairs and Sustainable Development for the Americas Region at Gold Fields and is a prelude to the PERUMIN 37 Mining Convention.