LatinNews Daily - 11 May 2022

In brief: Peru’s gov’t planning to streamline mining regulations

* Peru’s economy and finance minister, Oscar Graham, has announced plans to incentivise private investment in the mining sector by expediting the application process for exploration projects. “We’re working on improving regulations in order to accelerate the granting of permits for mining exploration,” he announced, saying that it can take up to two years for a company to gain the requisite permits in Peru, compared to two months in other countries. The announcement was significant, given how President Pedro Castillo’s administration has previously questioned the benefits of private mining investment for local residents. However, Graham emphasised that profits generated by the mining sector would need to go towards improving the living conditions of those living in mining areas.

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