en.Wedoany.com Reported - Juan Carlos Ortiz, President of the Peruvian Institute of Mining Engineers (IIMP), stated that Peru has the potential to become one of the world's leading mining countries in the coming decades, provided it enhances competitiveness, accelerates investment, and strengthens institutionalization. However, if delays are not addressed, the ability to translate resources into development will be constrained.

In his latest column, "Mining Traffic Lights," Ortiz noted that Peru possesses resources, experience, professional talent, and a competitive edge in the global critical minerals market, with the key being to turn potential into concrete results. He mentioned that the recent memorandum of understanding signed between Peru and Switzerland aims to promote more responsible artisanal and small-scale mining, indicating that the country still holds an important position on the international mining agenda. The growing demand for copper and critical minerals, driven by the energy transition and technological development, presents opportunities for Peru that must be seized through policies that enhance competitiveness and attract new investment.

Ortiz emphasized that while the international community recognizes Peru's potential to become the world's largest copper producer, thanks to its rich project pipeline and geological resources, overly complex approval processes and conflicts causing investment delays continue to hinder industry development. He argued that natural competitive advantages are not permanent; as other mining jurisdictions make progress in simplifying regulations, strengthening institutions, and attracting investment, Peru still faces delays that affect its ability to convert resources into development.

Expressing concern over forecasts of stagnant copper production and declining gold output, Ortiz believes the spread of illegal mining exacerbates this situation. He proposed that a long-term mining agenda must be promoted to advance exploration, provide predictability for investment, and resolutely combat illegal activities. He pointed out that resources alone are insufficient; the challenge lies in developing them competitively, sustainably, and inclusively to create jobs, growth, and more opportunities for all Peruvians.

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