RE:RE:Things are moving in PeruFulfilling its promise, Peru's government is reducing the unreasonable and cumbersome paperwork needed for mining exploration and exploitation. Some processes have been reduced from 18 months to just 90 days, according to the following (translated) news article.
https://es.investing.com/news/stock-market-news/peru-reduce-los-plazos-y-permisos-necesarios-para-comenzar-la-explotacion-minera-2407325 Peru reduces the terms and permits necessary to start mining
Lima, June 5 (EFE).- The Minister of Energy and Mines of Peru, Oscar Vera, highlighted this Monday that together with the Ministry of Agriculture and the Minister of Environment, they have managed to reduce the terms for approval of procedures and permits necessary for mining exploration and exploitation in the country.
"We are working jointly with the ministries of Agriculture and Environment, with the slogan of reducing permits, to the point that there are processes that previously took 18 months and have been reduced to 90 days, which makes us more competitive as a country", Vera told through a statement from the Ministry of Energy and Mines.
As examples of speeding up permits, he mentioned the approval of the Environmental Impact Study for the Zafranal copper project and the progress of the Yanacocha-Sulfuros project, of the mining company that owns the largest Peruvian gold deposit in South America.
In addition to the expansion of the Toromocho project, also copper, as examples of this optimization of times in the evaluation procedures of environmental studies and the permits required for mining activity.
The statement also recalled that the procedures for the modification of the Environmental Regulation for Mining Exploration Activities have begun, precisely to optimize the deadlines in the evaluation procedures of environmental studies, as well as the permits required for mining exploration activity. .
Environmental entities such as the National Water Authority (ANA), the National Service of State-Protected Natural Areas (SERNANP), the National Forestry and Wildlife Service (SERFOR) participate in this process.
The ministry indicated that it is expected to publish a preview of this proposal soon in order to receive contributions from the public and then process its approval.
And that they are agreeing on criteria with different technical entities involved, which will be published, so that mining licensees have greater predictability in the processing of their procedures and therefore their projects are resolved with fewer observations and in shorter terms.
Last week, Vera announced that so far this year there are 23 mining projects approved in the country, in addition to seven exploration permits, four mine plan projects and 12 beneficiation concession projects, which represents an investment of approximately 850 million dollars.
"These projects include the Marcobre Oxide Plant (Ica), the modification of the Cerro Verde Processing Plant (Arequipa), Goldfield La Cima's Cerro Corona project (La Libertad), among others", the minister told the Andean state agency.
In addition to these, he commented that the country expects, in the remainder of 2023 and 2024, the start of construction of six more mining projects, which will represent investments amounting to 6,920 million dollars.