Peru's Benavides worries too much regulation could hurt the mining industry

Peru's Benavides worries too much regulation could hurt the mining industry

Economy & Policy People Project & Infrastructure Finance Regulation Peru

Peru appears headed for another mining boom, with the economy and finance ministry estimating that potential investment in new projects could total $60 billion over the next decade. About $11 billion of the total has been committed to projects already underway, according to the ministry. While miners agree with the government’s estimates, they worry whether that degree of investment will ever materialize. They blame a web of red tape and bureaucracy. “The simple truth is that there are too many regulations and too many institutions involved,” says Roque Benavides, chairman of Minas Buenaventura, Peru’s largest precious metal producer and the first Latin American company to list on the New Y

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial