Peru Targets US$40 Billion of Stalled Mining Projects
Peru's energy and mines minister set a target of unblocking at least US$40 billion of a mining portfolio worth more than US$64 billion over five years. The post Peru Targets US$40 Billion of Stalled Mining Projects appeared first on The Rio Times .
Peru's energy and mines minister, Guillermo Shinno, has set a target to unblock at least US$40 billion of the country's stalled mining projects over the next five years. The goal is to clear an obstruction in the nation's mining portfolio, which exceeds US$64 billion. The projects, already on paper, have seen minimal progress in actual mining investment, with just over US$3.3 billion in the first half of 2026.
The obstacle lies primarily in permitting and community consent, rather than technical constraints such as geology or ore availability. The minister has also proposed a reform to the mining canon, aiming to redirect mining revenue more directly to local communities. This reform, however, remains in the legislative stage and details have not been disclosed.
Peru, being one of the world's largest copper producers alongside Chile, sets a significant example for global copper supply. The key to tracking Peru's progress will be the issuance of permits for named projects and how the communities respond to these developments.
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