At the IMARC mining summit, held from October 29 to 31 in Sydney, we had the opportunity to speak with Peru’s Vice Minister of Mines, Henry Luna. In this interview, we discussed critical topics for the future of mining in Peru and its role in the global energy transition:

1️⃣ Expectations for IMARC
The Peruvian delegation is in Australia not only to promote mining projects but also to share Peru’s rich gastronomy and agro-industry.

2️⃣ Minerals for the Energy Transition
Peru is reinforcing its competitiveness in the global mining market. Through INGEMMET, the country continuously explores new deposits and collaborates with international organizations. Peru is currently researching lithium potential in the metallogenic belt spanning Puno, Cusco, and Moquegua. Like Australia, Peru’s lithium is found in hard rock deposits, offering a competitive advantage.

3️⃣ Mining Single Window (VUD)
The VUD brings together all necessary procedures for the mining investment cycle in one place. This platform integrates nine public entities, promoting transparency and predictability in processes—a significant step toward streamlining investments.

4️⃣ Collaboration Initiatives
After visiting Newcrest’s underground mine in Australia, we explored opportunities for collaboration on advanced mining practices. We also invite Australian students in mining-related fields to join PERUMIN, where they can interact with Peruvian students at innovation centers.

📈 Peru: A Reliable Destination for Mining Investment
Mining remains the backbone of Peru’s economy, representing 65% of our export earnings, with an investment portfolio of 75 mining projects valued at $54 billion. In Australia, we met with companies like Strike Resources and Hana Resources, who are exploring iron ore opportunities in San Martín.

Peru welcomes Australian companies, ensuring economic stability and legal security for confident investment in the country.

Australia, 3 November 2024