Overcoming the crisis

June 2018: Almost two months after Martín Vizcarra was named President of Peru, there is a sense of stability and recovery within the country´s mining industry.
Peru is home to 24% of the world´s silver and 5% of the world´s gold — the latter being their second most significant
export after copper. Peru now ranks fifth on the scale of global mining investment, with a portfolio up to US$7B.
During the 13th International Gold and Silver Symposium in Lima, President Vizcarra underlined the government’s intention to boost mining projects. Meanwhile, industry stakeholders were assured by the state’s position on responsible investment, and the steps it has taken to simplify bonds between government, companies and communities.
“We have to work on a benchmark of best practices, like Australia and Chile do,” said the Peruvian minister of Energy and Mining, Francisco Ismodes.
Following the Chilean example, the government is reforming the permit approval process, aiming to accelerate and simplify the measures required. (Read more)