- Lima, June 28, 2022
PERU RANKS 7TH IN THE WORLD RANKING FOR MINING EXPLORATION INVESTMENT
Peru remains one of the preferred destinations for mining exploration, ranking 7th in the world ranking for investment in this area. So explained Alvaro Fernandez-Baca, member of the Organizing Committee of proEXPLO 2023 and Vice President of Exploration at TINKA RESOURCES, during the conference organized by the Peru-Canada Chamber of Commerce (PCCC) in Toronto, Canada
"Greenfield Exploration in Peru: Reality and Opportunities" was the name of the conference where Fernández-Baca spoke about the favorable conditions of our country as an investment destination.
He pointed out, for example, that in 2021, US$ 441 million was invested in Peru for mining exploration, which represents 3.9% of the global investment that amounted to US$ 11.2 billion.
Likewise, he highlighted the advance in exploration investment registered between January and March of this year, which amounted to US$ 73 million, according to the Ministry of Energy and Mines; and in total, mining investment in the same period amounted to more than US$ 1 billion.
However, Fernandez-Baca said that the number of Greenfield projects currently being explored (not only waiting for permits) is insufficient. The Peruvian exploration portfolio has a total of 63 projects, but much more of the country's potential could be exploited.
Therefore, he highlighted the advantages to develop more mining exploration in Peru, such as the great geological potential, the competitive mining grade, the highly qualified mining services industry, and a long mining tradition that today is evidenced by successful projects that have a significant impact on the quality of life of the population.
It should also be noted that it is currently the second largest copper producer in the world and is among the top four producers of silver, lead, zinc and tin.
proEXPLO 2023
On the other hand, during the conference, the 13th International Congress of Prospectors and Explorers - proEXPLO 2023 was presented by the president of its Organizing Committee, Sebastián Benavides.
Benavides invited professionals in the sector, as well as mining concession holders, to present their projects with a technical basis so that they can be exhibited during the congress, which will be held from May 8 to 10, 2023 in the city of Lima, Peru, under the slogan "Discovering the mining of the future".
