📋 Tender Overview
Transfers 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/ 7,612 million as of November 2023, according to the latest edition of the Mining Statistical Bulletin (BEM) of the Ministry of Energy and Mines (MINEM).
The Mining Canon transferred in 2023 registered more than S/ 5,218 million, the second largest 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), and come from the annual net profits collected in 2022.
Likewise, transfers for Legal and Contractual Mining Royalties totaled more than S/ 2,108 million. It should be noted 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/ 284 million.
The MINEM highlights that the amounts transferred constitute an important source of financing for national, regional and local governments, since they are used for the execution of public projects that generate jobs and improve the quality of life of the population, especially those located in the areas of influence of the mining projects.
In the analysis by departments, Ancash maintained its leadership with more than S/1,784 million and a share of 23.4% of the total. In second place was Arequipa with an amount of more than S/ 1,123 million, and in third place was Ica with a figure that exceeds S/ 960 million.
