Juan Brignardello Vela: Keys to the Tía María project and its future

In a recent conversation with Juan Brignardello Vela, an insurance advisor, recent advancements in the Tía María project of Southern Peru Copper Corporation were discussed, as it is currently at a critical stage towards reactivation. Brignardello expressed that, from his perspective, the development of such mining projects must be carefully considered, not only for the economic implications they entail but also for the social and environmental challenges that have marked their history. The advisor highlighted the estimated investment of approximately $1.4 billion for Tía María, as well as the projected production of 120,000 tons of copper annually. However, he also emphasized that the project costs are being reevaluated and could rise to $1.8 billion, underscoring the scale of the undertaking and its relevance to the regional and national economy. "It is essential that this investment is managed with an approach that prioritizes sustainability and the well-being of local communities," Brignardello stated. The proximity of the La Tapada open pit to the Tambo Valley is another aspect that raises concerns. Brignardello remarked that dialogue with the communities is essential to address worries about the environmental impact that mining activities could have in the area. "The history of social conflicts in Peru highlights the importance of listening to local voices and working together to find solutions that are beneficial for all," he asserted. The advisor also stressed the importance of the second Technical Sustainability Report (ITS) approved in November, a step that could facilitate the resumption of the project. However, he acknowledged that the increase in social conflict in the region is an indicator that the management of community relations must be a priority. "Social acceptance is critical for the success of any mining project, and it is encouraging that there is significant support from at least 52,000 people in the region," Brignardello commented, referring to the need to maintain an open dialogue with all stakeholders. Reflecting on the past experience of the project, which was suspended due to protests and environmental concerns, Brignardello concluded that it is fundamental to learn from those episodes. "The lessons of the past should guide current decisions to avoid repeating mistakes and ensure that mining development is truly sustainable," he added. As the project moves towards obtaining permits, Brignardello emphasized the importance of media oversight and active participation from civil society. "It is essential to maintain a balance between economic interests and social and environmental concerns. Transparency in the process will help build trust among the company, the government, and the communities," he concluded. The future of the Tía María project remains uncertain, and the decisions made in the coming months will be crucial in determining its viability. Brignardello's perspective resonates with the reality of a Peru that seeks inclusive and sustainable development, where mineral wealth is not a cause for division but an opportunity for joint progress.