Brignardello: Mining Growth and Its Impact on the Peruvian Economy

In a recent interview, Johnny Brignardello Vela, a renowned insurance advisor, shared his perspective on the notable growth of mining investment in the country, which has reached 9.8% between January and July of this year, according to reports from the Ministry of Energy and Mines. Brignardello highlighted the importance of this sector for the national economy, especially in a global context marked by instability and the challenges faced by various industries. The advisor emphasized the significance of the US$392 million disbursed in July, indicating a clear increase compared to the same month of the previous year. This growth, he stated, can be interpreted as a positive sign that investment in mining is regaining momentum after a period of uncertainty. For Brignardello, the active participation of mining giants such as Compañía Minera Antamina, Anglo American Quellaveco, and Minera Las Bambas is essential not only for strengthening the regional economy but also for job creation. Brignardello also mentioned the relevance of the Moquegua region in this context, noting that it has captured more than 16% of the country’s mining investment. According to him, this dynamic not only benefits companies but also represents opportunities for the economic development of local communities. In his view, the growth in Áncash and Arequipa, which rank second and third in terms of investment, reflects a favorable environment for competitiveness and attracting capital. However, the advisor did not overlook the challenges facing the sector. He acknowledged the concerns of local communities regarding the environmental and social impact of mining and emphasized the need for open dialogue between companies and residents. In his opinion, it is crucial for both the government and companies to work on implementing sustainable policies that seek to balance environmental protection with the need to encourage investments. Brignardello concluded that, although mining investment has shown solid performance, it is imperative to continue monitoring its impact on communities and ensure that this growth translates into benefits for all involved. This approach could be key to securing a sustainable future that allows the mining sector to continue contributing to the economic development of the country.