Lima, August 18, 2021.- The announcement made by the Hochschild Mining company that ratifies its investment commitments for more than US$ 4,000 million in the Optimización La Inmaculada mining project (Ayacucho) was highlighted by the Ministry of Energy and Mines (MINEM).
The head of the sector, Iván Merino Aguirre, said that these news items confirm that Peru strengthens its position as an attractive country for large investment and that there are favorable conditions for the growth of the sector, which will allow obtaining more income and implementing a better distribution in favor of the population.
He also indicated that the Government seeks the arrival of investments with a perspective of social profitability, to generate new infrastructure, more income for municipalities and regions, the improvement of working conditions, and the promotion of a new social pact between the State, communities and businesses.
The initiative developed by Hochschild Mining will involve an investment of US$ 4.436 million and will allow extending the useful life of Optimización Inmaculada, a gold and silver project located in the Oyolo district, province of Páucar del Sara, Ayacucho region.
The minister pointed out that this measure ratifies the confidence of investors in Peru's mining potential and reiterated that the Government will work to promote the growth of the mining-energy sector, harmonizing the interests of the State, the population and the private sector.
Merino confirmed that in the next few days he will begin to visit the different regions of the country to generate the conditions, increase investment and listen to all social actors, to make extractive projects viable according to the interests of all.
On the other hand, Minem highlighted the recent issuance of bonds carried out by the Buenaventura company to cancel the tax debt of S/ 2,134 million that it had with the treasury, which constitutes a sign of confidence of the global markets towards Peruvian mining.
Minister Merino commented that in this operation the company placed bonds at an interesting rate and a maximum term of 20 years, all of which gives a positive sign of growth in the mining sector and provides encouraging prospects to increase the arrival of new investments.
He highlighted that his management encourages meetings with all the actors in the mining sector, to join forces and agree on common points of view to promote investments and the increase of committed capital for extractive activities.
Minister Merino held meetings with Cajamarca district mayors to coordinate efforts and put forward proposals to promote mining investments with the criterion of social profitability and a territorial approach.
The official had a transparent dialogue with the mayors of the districts of Hualgayoc, Ismael Becerra; La Encañada, Lifoncio Vera; and of Sorochuco, Jorge Becerra, and the congressman for Cajamarca, Segundo Quiroz.
Source: El Peruano