📋 Tender Overview
A total of 92 mining projects presented by the holders, for an amount of US$ 4,470 million in investments, are being evaluated to obtain the authorization of Exploration, Exploitation and Concession of Benefit, as appropriate, by the General Directorate of Mining (DGM) of the Ministry of Energy and Mines (MINEM).
In this group, the following projects stand out: Inmaculada Replacement (US$ 2,835 million), located in Ayacucho; Yumpag ($87 million) in Pasco; Chalcobamba Phase I (US$ 24 million) in Apurimac and 89 other projects for US$ 1,524 million.
The DGM also reported that the mining projects Antamina Replacement (US$ 1,604 million), Huancapeti Expansion (US$ 345 million), Tantahuatay Replacement (US$ 127 million), Raura Replacement (US$ 76 million), Romina (US$ 150 million), Zafranal (US$ 1,263 million) and Pampa de Pongo (US$ 2,344 million) are about to enter the process.
Jorge Soto Yen, head of the DGM, said that, during 2023, the MINEM granted authorizations to 164 projects approved in the aforementioned areas, which would call for more than US$ 5,154 million in investments, achieving an increase of 285% compared to 2022.
"In 2023, the country restored investor confidence, thanks to the management of the sector led by Minister Oscar Vera. Proof of this is the approval of 164 projects for US$ 5,154 million and the increase in the production of metals, mainly copper, which managed to reach important figures such as 2.7 fine metric tons," Soto said.
The MINEM authorized operations to 28 approved projects of the ruble Exploration, which totaled a mining investment of US$ 323 million, an increase of 242% compared to 2022. In this group, Marcobre (US$ 194 million), Kiwanda (US$ 25 million) and Chakana (US$ 23 million) stand out.
Meanwhile, in the Exploitation category, 22 approved projects were authorized with a total investment of US$ 2,346 million, 370% more compared to 2022. In this area, the Antapaccay (US$ 1,104 million), Hudbay (US$ 796 million) and Gold Fields (US$ 218 million) projects stand out.
Meanwhile, a group of 114 approved projects under the Benefit Concession category were authorized for a total of US$ 2,485 million, 233% more than that registered in 2022. The Chinalco (US$ 812 million), Yanacocha (US$ 368 million) and Las Bambas (US$ 269 million) projects stand out in this area.
