"Peru leads mining exploration in Latin America with new investments and challenges."

The situation of the mining sector in Peru, especially regarding the exploration of new deposits, presents characteristics that differentiate it from other global contexts. According to a recent analysis, 53% of exploration projects in the country are dedicated to the search for new mineral deposits. This figure is notably higher than the global average, where only 23% of projects focus on exploring new prospects. This data reveals not only the geological potential of the country but also the ambition of its mining industry to expand its horizons. During his speech at the International Congress of Prospectors and Explorers - proEXPLO 2025, Walter Tejada, the event's president, shared information about the investment amount in these projects. In total, it is estimated that greenfield projects, which seek new deposits, represent an investment of approximately US$ 344 million. On the other hand, brownfield initiatives, which aim to expand existing operations, amount to US$ 300 million. These figures reflect a strong inclination towards innovation and discovery rather than merely exploiting what is already known. The portfolio of exploration projects in Peru totals 75 initiatives, collectively representing an investment of US$ 644 million. This robust interest in exploration is not limited to copper and silver, which account for investments of US$ 445 million, but also extends to other minerals such as zinc, iron, and critical minerals like lithium. This diversified approach is key to the development of the mining sector in a context where the demand for raw materials is continuously growing. In the broader context of Latin America, Tejada emphasized that the region plays an essential role in transforming the global energy matrix, thanks to its high mining potential. Indeed, Latin America attracts 26.5% of the global exploration budget, a figure that demonstrates the subcontinent's relevance in the supply of metals. It is estimated that the region holds 56% of the copper discovered since 1990, which accentuates its strategic position in the global mining landscape. Investment in exploration in the region has shown a 2% increase in the last year, reaching a total of US$ 3.38 billion. This increase has been primarily driven by growth in countries like Chile and Argentina, although other countries such as Colombia and Guyana have also contributed to this rise. This trend suggests a renewed interest and commitment to the mining sector in a context of growing resource demand. One of the most notable aspects of the recent market evolution is the significant increase in investment in lithium exploration, which has grown by 86% in 2023 compared to the previous year. This boom arises from the increasing need to secure the supply of critical metals, which has attracted considerable interest in investing in South America, becoming a focal point for investors seeking opportunities in this sector. Tejada concluded that the current context represents a clear opportunity for Peru and the region as a whole. The need to secure the supply of critical metals such as copper and lithium is not only a matter of strategic interest but can also be a fundamental pillar for the economic development of these countries. However, it is crucial to seize this opportunity responsibly, considering the social and environmental impact of mining activities. The challenge faced by Peru and the rest of Latin America is how to balance investment and exploration with the environmental and social concerns surrounding mining. Governments, companies, and communities must work together to find solutions that enable the sustainable development of the sector. The future of mining in Peru could be bright, provided that responsible practices that benefit all stakeholders involved are prioritized. In summary, the mining exploration landscape in Peru is encouraging. With a focus on the search for new deposits and significant investment in mineral diversification, the country is well-positioned to face future challenges. The key will lie in how these opportunities are managed, always seeking a balance that ensures sustainable development, which not only focuses on economic figures but also considers the well-being of the population and environmental conservation.