• Vice President of the IIMP said that global investment in mining exploration will reach US$ 13 billion in 2022.

The vice-president of the Peruvian Institute of Mining Engineers, Juan Carlos Ortiz, stated that the 13th International Congress of Prospectors and Explorers (proEXPLO 2033), which returned to the in-person modality, is taking place in an exceptional world context that we cannot miss as a country, since global investment in mining exploration will reach US$ 13 billion in 2022.

This reflects 16% growth over 2021, as a result of growing interest in the energy transition, the post-pandemic recovery, robust metal prices and healthy project financing conditions.

"25% of the total budget, i.e. US$ 3.26 billion, was invested in the development of exploration projects in Latin America, with the main destinations being: Chile, with US$ 713.2 million; Mexico, with US$ 633.4 million; and Peru, with US$ 531.3 million," mentioned Ortiz during the inauguration of proEXPLO 2023.

The IIMP vice-president remarked that we were the country with the third largest capital budget in mining exploration in the region, and, therefore, we continue to be an attractive jurisdiction for mining investments.

"That said, proEXPLO 2023 will become the right platform to rethink the mining exploration activity in Peru, reorient our efforts in search of greater competitiveness, and renew our image as a reliable country for investment and possessing a wide and varied geological wealth; involving the State, companies, academia, civil society and communities in these purposes," he said.

This 2023 marks the return to the in-person modality of proEXPLO, whose thirteenth edition is chaired by Sebastián Benavides and supported by a specialized team of 14 professionals with an outstanding professional trajectory in exploration issues at national and international level.

proEXPLO 2023 brings together the main players in Peruvian and international geology to analyze and debate the present and future of exploration, share proposals for the investigation of deposits, exchange experiences on new discoveries and innovative tools, and strengthen knowledge related to prospecting, exploration, investment and project development.

proEXPLO 2023: Discovering the mining of the future