The miners applauded the Peruvian authorities’s effort to streamline sure processes and identified the significance of reaching better coordination amongst all regulatory entities, notably the Nationwide Water Authority (ANA) and the Nationwide Environmental Certification Service for Sustainable Investments (SENACE).
Based on the Minem, the following steps within the growth of the Single Window are targeted on lowering the quantity of paperwork miners must submit when shifting into the exploitation and manufacturing levels.
“This initiative seeks to facilitate traders’ work within the growth of mining actions in a accountable method, with better effectivity, and streamlining administrative processes to keep away from duplication,” the Vice Minister of Mines, Henry Luna Córdova, said at the meeting.
The federal government officers additionally took the chance to spotlight that Peru broke a copper production record in 2023, having produced over 2.75 million high quality metric tonnes of the purple steel, a 12.7% improve from the manufacturing registered in 2022.
Based on the US Geological Survey’s 2024 Mineral Commodity Summaries, the Andean nation saved its place because the No. 2 copper producer on the earth.
The Minem additionally launched the figures for different metals, noting that gold manufacturing reached 99 million high quality grams in 2023, which is 2.8% greater than what was produced in 2022 and which is especially the results of the great efficiency of Newmont’s (NYSE: NEM) Minera Yanacocha.
Zinc, however, reached over 1.4 million high quality metric tons, which is a 7.2% improve from 2022, with Compañía Minera Antamina and Volcan Compañía Minera taking the lead.
Lastly, the ministry talked about that iron ore manufacturing reached over 14 million high quality metric tons, which represents an 8.8% improve from the earlier yr.