Mining activity accounts for 11% of the national Gross Domestic Product (GDP) and represents 67% of Peruvian exports,
stated on Tuesday.
“Today, mining accounts for approximately 11% of GDP and nearly 67% of our exports. In addition, it generates many thousands of direct and indirect jobs across the country, boosting regional economies and creating opportunities for thousands of Peruvian families,” he indicated.
During the opening ceremony of the Symposium – 16th International Mining Meeting in Lima, the diplomat highlighted that Peru is currently one of the world’s leading producers of copper, lead, zinc, gold, silver, tin, iron, molybdenum, and other minerals.
The government official noted that these resources are essential for the energy transition and new technologies.
“Although we are a global mining power, Peru currently has approximately 2 million hectares allocated to mining exploration and exports, representing 1.56% of the national territory, which demonstrates the enormous room for responsible growth that our country still has,” Minister Pareja pointed out.
“In addition, the mining project portfolio currently exceeds US$60 billion in potential investments, making it one of the most significant in the world. Natural resources alone do not guarantee development; the real challenge lies in transforming that wealth into sustainable growth, formal employment, infrastructure, social well-being, and opportunities for millions of Peruvians.”
The Cabinet member emphasized that the 21st century is marked by a new global competition focused on energy security, access to critical minerals, as well as the capacity to build reliable and sustainable supply chains.
“The global energy transition is a reality that is reshaping the international economy, industry, and geopolitics. In this scenario, Peru has a historic opportunity because our country not only possesses mineral resources, but something even more important: the possibility of becoming an indispensable strategic partner in the development of the new global economy,” Pareja stated.
“Today, the world demands more copper, more critical minerals, and greater security in supply chains. Various international organizations estimate that global copper demand could double by 2040, driven by electric mobility, renewable energy, and the global technological transformation. We are called to play a central role in that process,” he added.
The Minister stated that Peru needs modern, responsible, innovative, and socially integrated mining that engages in dialogue with communities willing to do so in good faith.
“Mining that respects the environment, incorporates technology and sustainability, and is able to operate with stability, predictability, and security. That is the fundamental message we must convey to the world,” he asserted.
