MIGUEL CARDOZO: “THERE IS NO REASON FOR MINING PROJECTS TO BE STALLED”

Director of the Institute of Mining Engineers of Peru welcomed the Government's proposal to make more than US$ 4.6 billion in investments viable to boost the sector.

The director of the Institute of Mining Engineers of Peru, Miguel Cardozo, considered that there are no reasons for the 51 mining projects in the portfolio to be stagnant. He maintained that the task of the Government and the Cabinet of the Prime Minister, Gustavo Adrianzén, is to promote the sector, which, in turn, will help the country grow economically.

“We have to be more realistic. We have to be clear about this. There is no reason why these projects are stalled and do not allow us to grow economically to solve the numerous problems that the prime minister mentioned in Congress. It is not only about growing economically, we are talking about solving problems that have been affecting us for a long time and have no solution, such as education and infrastructure,” he declared to Sol TV.

In that sense, he welcomed the premier's proposal, during his request for an investiture vote in Parliament, to make more than US$4.6 billion in investments viable through 7 projects that will contribute to promoting the reactivation of the sector. Among them, for example, Tantahuatay Replenishment (gold), the Huancapetí expansion (zinc) and the Antamina Replenishment (copper).

“I don't understand the reasons why someone opposes the economic growth of the country. Without a doubt, this growth has to benefit the majority, reduce inequalities, it has to be sustainable and benefit communities, as well as protect the environment,” he explained.

Finally, Cardozo recalled that from 2012 to date, Peru invests half of what it did before in mining exploration: the figure dropped from US$ 1,000 million to US$ 500 million. He asked the Executive to review the regulations, so that permits for this activity are accelerated and do not take up to four years to be granted.

Source: Newsletter IIMP