📋 Tender Overview
The Ministry of Energy and Mines (MINEM) reported that the transfers of resources to the country's departments generated by mining activity, which include the Mining Canon, Mining Royalties (Legal and Contractual), as well as the Right of Validity and Penalty, totaled more than S/ 7,553 million as of October 2023, according to the latest edition of the Mining Statistical Bulletin (BEM).
Analyzing in detail, the Mining Canon transferred this year registered more than S/ 5,218 million, the second highest amount recorded in its history. It is worth mentioning that this amount was transferred in two parts, the first as an advance in January (S/ 2,349 million) and the second transfer was made in July (S/ 2,869 million), based on the data of the regularization of the Income Tax.
Likewise, transfers for Legal and Contractual Mining Royalties to the month of October totaled more than S/ 2,065 million. It is important to note that the amount transferred for this concept is the result of the profits generated in 2023.
The document, prepared by the General Directorate of Mining Promotion and Sustainability of the MINEM, also details that the distribution of resources to regional and local governments for the concept of Right of Validity and Penalty is in charge of the Geological Mining and Metallurgical Institute (INGEMMET) and reached S/ 269 million until August of this year.
The MINEM highlights that the amounts transferred constitute an important source of financing for regional and local governments, since they are used for the execution of public projects, with the aim of generating jobs and improving the quality of life of the population, especially those located in the areas of influence of mining projects.
Finally, in the analysis by departments, Ancash maintained its leadership with more than S/1,783 million and a share of 23.6% of the total. In second place was Arequipa with an amount of more than S/ 1,121 million, representing 14.8%; and in third place was Ica with a figure that exceeds S/ 959 million, which is equivalent to 12.7% of the total.
