Lima, March 25, 2024. Eugenio Ferrari, CEO and director of Tintina Mines Limited, highlighted Peru's geological potential, but regretted that the territory is underexplored. In other words, no consistent effort has been made to find new deposits in non-traditional areas.

In this regard, he indicated that, if mining concessions are analyzed, work is generally done in the north and south in an area that coincides with the Andes Mountains.

During his speech at the last Jueves Minero, where proEXPLO 2025 was launched, the executive pointed out that there are opportunities to explore in the Eastern Cordillera. He indicated that there are opportunities with non-traditional minerals such as lithium.

The also former president of proEXPLO noted that in recent years innovative technologies have emerged, especially in drilling techniques, which allow reaching 800 meters deep, but which are rarely used in the country.

After insisting that Peru is underexplored, he stated that most of the explorations carried out in our territory are with traditional geophysical techniques that reach a depth of 200 meters.

Comparative advantage

Finally, he pointed out that Peru is a competitive country, but added that the debate is about how competitive it is. Precisely, he said that it has a comparative advantage, which is its mining culture, compared to the challenge of other countries in the region. He also highlighted the quality of Peruvian professionals accustomed to working in different areas of a mining operation.

He added that there are worrying situations such as permits to expedite mining exploration. In the same vein, he lamented the proliferation of illegal mining and the lack of government support for formal companies in their approach to communities.