en.Wedoany.com Reported - If the Cajamarca-Lambayeque Regional Development Corridor in Peru is launched, it could generate over 2 billion soles (approximately $586 million, based on the June 9, 2026 exchange rate) in annual mining taxes over the next 20 years, according to former Minister of Energy and Mines Jorge Montero.

Montero pointed out that developing the major copper mining projects in northern Peru represents a historic opportunity to transform the regional economy and accelerate regional development. He emphasized that activating the Cajamarca-Lambayeque Regional Development Corridor could yield over 2 billion soles in annual mining taxes. This revenue could serve as seed capital to promote new productive activities, diversifying the regional economy beyond mining.

He stated that mining is temporary—though long-lasting, it is ultimately finite. The key lies in using this seed capital to create other economic activities, such as strengthening agricultural exports, livestock farming, forestry development, tourism, industry, commerce, and services. The former minister believes this strategy can help establish a more solid and sustainable production base for Cajamarca after mineral resources are exhausted.

Montero argued that achieving this vision requires coordinated action among the state, the private sector, and international cooperation agencies. The government should prioritize investment in key infrastructure, while mining companies should collaborate in an integrated manner, sharing logistics facilities and optimizing the transport of raw materials and concentrates. He also noted that international organizations such as the World Bank (Banco Mundial), as well as the governments of the United Kingdom and Germany, have expressed interest in supporting regional development initiatives related to mining activities.

Montero concluded by stating that the people of Cajamarca have the right to know the region's existing resource potential in order to make informed decisions about their future.

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