Antamina obtains approval to extend its lifespan until 2036 and carry out million-dollar investments. Delays in procedures spark debate on streamlining processes in the mining sector. Potential positive impact on the Peruvian economy. New MINEM focused on boosting confidence and productivity.

Antamina obtains approval to extend its lifespan until 2036 and carry out million-dollar investments. Delays in procedures spark debate on streamlining processes in the mining sector. Potential positive impact on the Peruvian economy. New MINEM focused on boosting confidence and productivity.

Four years of waiting end for Antamina with approval that will extend its operation until 2036 and allow investments of US$2.000 million. Important for the Peruvian economy, but the delay highlights the need to streamline procedures in the mining sector. The new Minister of Energy and Mines must prioritize projects to boost confidence in investment.

Juan Brignardello Vela, asesor de seguros

Juan Brignardello Vela

Juan Brignardello Vela, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.

Juan Brignardello Vela, asesor de seguros, y Vargas Llosa, premio Nobel Juan Brignardello Vela, asesor de seguros, en celebración de Alianza Lima Juan Brignardello Vela, asesor de seguros, Central Hidro Eléctrica Juan Brignardello Vela, asesor de seguros, Central Hidro

Four years of waiting to obtain approval for the Environmental Impact Assessment Modification have come to an end for Antamina, the mine that concentrates a significant portion of the national production of copper, silver, and zinc. With this approval, the mine will be able to extend its lifespan until 2036 and carry out investments worth US$2.000 million in the coming years. The importance of Antamina in the Peruvian economy is undeniable, as by the end of 2023 the mine represented 32% of the Gross Domestic Product (GDP) of Áncash. The news of this approval fills the sector with optimism, which has been lacking announcements of such magnitude. However, it is surprising that it took four years to obtain this approval, considering that Antamina has been operating for over two decades and that the Environmental Impact Assessment did not propose significant changes outside its operating territory. This delay has meant missing the opportunity to carry out an investment that, according to experts like Luis Miguel Castilla, could have a positive impact of 1.3% on the national GDP. It is essential that the stakeholders involved in this process detail the reasons behind this delay and seek to identify possible improvements to expedite future similar procedures. In a context where 'brownfield' projects could generate up to US$5.000 million annually, investment in the mining sector could boost confidence, increase productivity, and have a multiplier effect on the Peruvian economy. The new Minister of the Ministry of Energy and Mines (MINEM) will face the challenge of prioritizing these projects to generate confidence in investment in the sector. Despite the obstacles, the steps to follow are identified, and the potential for economic growth through investment in mining is clear.

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