📋 Tender Overview
Minister Romulo Mucho highlighted that our country has extensive reserves of red metal, the most important resource for the future of the industry in the world. The Minister of Energy and Mines, Romulo Mucho, highlighted the importance of copper as a transcendental resource for the future of the industry in the world, highlighting that the red metal represents 35% of our exports and we have large reserves, as indicated the United States Geological Survey.
Peru is a nation blessed with natural resources and mining is becoming more important today due to the future need for metals, especially copper, along with cobalt, nickel, lithium and a long list of minerals, said Minister Mucho. in an interview given to the Regional Communication Network (RCR). He noted that copper will be the king of metals, because it is the most transcendent in its use, both for lighting, renewable energy, electric mobility and other multiple uses. Its consumption is fundamental for the industry, he pointed out. He added that, in the world, there are 2.5 billion tons of copper to be mined and another 3.5 billion tons to be discovered. Peru is a leading country with 110 million tons of copper and Chile is in first place with almost 200 million tons, according to the United States Geological Survey, he said.
Along these lines, he said that, if we set our minds to it, Peru with an exploration campaign could achieve greater resources and convert them into reserves. Copper is today the guide of tax revenue in Peru, the guide of exports that represents 35% and is what confronts the dollar, copper rises and the dollar falls, he remarked. At another time, Minister Romulo Mucho indicated that the development of the country could be financed with copper revenues. 72% of the entire project portfolio is copper and we need about US$40,000 million to invest and with that we are on Chiles heels, we can even surpass it because our projects are greenfield, new, he said.
The head of MINEM also referred to mining production and said that so far it is higher than last year and that in the coming months the Coroccohuayco and Antapaccay Integration projects will enter, which will contribute to improving production.
Minister Mucho also referred to the projects located in the Cajamarca region. What is missing is to build a railway, from Cajamarca to the coast, that contributes to intensifying agricultural activity for export, in addition to its use in mining, he pointed out.
