The regulations of the Energy and Mining Sector are found in a global framework of full legal stability, economic freedom, guarantees, promotion of investments and the pacification of the country.
Within these policy guidelines, investments and operations are in charge of the private company and the granting, normative and promoter roles are in charge of the State.
The main objective of the Peruvian mining policy is to use mineral resources reasonably, respecting the environment and creating conditions for the progress of the sector in a stable and harmonious framework for companies and society.
The regulatory development of the State pursues the balance between the rights and obligations of mining companies, emphasizing the environmental issue, in accordance with international standards and the commitments acquired by Peru.It does not neglect the aspects of a responsible business philosophy, which reassure the workers and reaches friendly relations with local communities and their culture, as well as with the national community.
Mining Policy Guideline
- Maintain a legal framework that promotes a sustainable and equitable development of the mining sector.
- Update the mining regulations in order to optimize the legal stability of investments, improve the conditions for private investment in activities of exploration and exploitation of mineral resources, as well as in transportation, overall work, benefit and marketing of these resources.
- Develop the new concept of mining that prioritizes and favors the availability and access of water resources before the beginning of the mining activities with a policy of social inclusion and sustainable development of the communities in its environment.
- Encourage the development of mining activities in conditions of greater safety for workers and society, preserving the environment and maintaining harmonious relations with the community.
- Develop and promote the investigation of geological studies and the inventory and evaluation of mineral resources.
- Mitigate the social, environmental and safety effects of small mining and artisanal mining.
- Promote the generation of greater added value in the mining sector.
- Strengthen the institutional framework of the mining sector and promote the operation of the Single Window.
In this sense, the State promotes the growth of mining and energy activities by promoting the prevention and mitigation of environmental and social impacts, in order to achieve the sustainable development of the country. A basic objective of the Mining Law is the investment in exploration and the development of projects in the areas granted. Thus, it discourages speculative tenure by introducing penalties for the effect of unproductive mining rights, which gives opportunity to new prospects.