en.Wedoany.com Reported - Peru's Ministry of Energy and Mines confirmed that seven large-scale mining projects are expected to enter the capital execution phase in 2026, with total investments exceeding $4.365 billion.

Vice Minister of Mining Mayra Figueroa stated that these projects are mainly concentrated in the regions of Áncash, Arequipa, Pasco, and Puno. Among them, the San Rafael Tin Mine Replacement Project (Reposición San Rafael), operated by Minsur in the highlands, has already begun implementation. She emphasized that each mining project can drive sustainable development, bringing investment, job opportunities, and promoting infrastructure construction and community development. Figueroa made these remarks during a business breakfast titled "Infrastructure and Mining: Keys to Realizing Investment and Enhancing Peru's Competitiveness," organized by the National Construction and Infrastructure Association (SNCI).

Among all projects, the largest investment is the Cerro Verde Optimization Project (Optimización Cerro Verde), currently in the detailed engineering design phase, with investments exceeding $2.1 billion. The project will boost Peru's copper production.

Other projects expected to launch include: the Colquijirca Replacement Project (Reposición Colquijirca) (copper) and the Huarón Expansion Project (Ampliación Huarón) (silver) in Pasco; the Corani Project (silver) in Puno; the Esperanza Expansion Project (Ampliación Esperanza) (gold) in Arequipa; and the Huancapetí Expansion Project (Ampliación Huancapetí) (zinc) in Áncash.

Peru's Ministry of Energy and Mines also released the 2026 Mining Investment Project Portfolio, which includes 66 projects distributed across 19 provinces, with total investments exceeding $64.075 billion, representing a 1.7% increase compared to the portfolio updated in October 2025. According to the Directorate General of Mining Promotion and Sustainable Development (DGPSM) of Peru's Ministry of Energy and Mines, this portfolio reflects private capital's confidence in the stability and competitiveness of Peru's regulatory framework and also indicates a gradual diversification toward strategic minerals such as copper and molybdenum, which are crucial for the global clean technology supply chain.

The new version adds two projects: the Atacocha-El Porvenir Integration Project (Integración Atacocha-El Porvenir) and the Carahuacra – San Cristóbal Optimization Project (Optimización Carahuacra – San Cristóbal), and removes the San Gabriel Project, which entered the production phase in December 2025.

The document, consisting of seven chapters, presents technical information and key characteristics of the portfolio projects, including launch year, location, project type, progress stage, water source, mining method, and extracted minerals, with capital expenditure (Capex) investment as a reference. The document also analyzes the macroeconomic impact of global copper supply and demand and provides detailed information on the 66 projects through technical tables, covering mining rights holders, geographic location, capital expenditure investment, deposit or mineralization type, key data, and current status.

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