Lima, February 10, 2025. Peru remains an attractive destination for mining investment thanks to its competitive concession system, clear regulations, and legal certainty, said Walter Tejada, president of proEXPLO 2025, during the first Rumbo a PERUMIN 2025 session entitled "Mining Concessions and the Challenges for Their Operability."

Tejada emphasized that although recent studies by international analysts show that only 3.5% of the copper discovered since 1990 has been found in the last decade, Peru still has significant geological potential and offers a favorable regulatory framework for the development of new projects.

“Mining remains a high-risk technical endeavor, which makes legal certainty essential. Peru has an excellent mining cadastre and a well-structured concession system, allowing investors to operate with predictability and confidence,” he highlighted.

The president of proEXPLO 2025 explained that it takes an average of 17.9 years to develop a copper deposit from discovery to production, not including the time spent in the exploration phase. This underscores the importance of having a stable and efficient regulatory framework.

While acknowledging that Peru has lost ground in mining competitiveness rankings in recent years, Tejada stressed that the country remains an attractive destination due to its geological wealth and regulations that facilitate investment. "The exploration process is long and complex, not only in Peru but also in most countries around the world," he noted.

Finally, Tejada underscored that exploration is the first link in the mining cycle and a critical factor for the future of the sector. However, he cautioned that in Peru, this stage faces significant challenges due to lengthy bureaucratic processes and difficulties in accessing surface rights for exploration activities.

“The success of exploration will determine the future of the mining industry in Peru. It is crucial to streamline permitting processes and strengthen our concession system to continue attracting investments and ensure the growth of the sector,” he concluded.