Overview

• Peru and Chile signed a memorandum launching Project 51 to target 51% of global copper supply within 15 years and sell higher‑value copper products to advanced manufacturers, including NASA.
• Officials framed the pact as a response to surging demand for critical minerals, with Chile’s mining minister highlighting collaboration to address technical, environmental and social challenges.
• The government confirmed the Conga project remains outside its active pipeline, citing its long conflict history and a 2024 court ruling that annulled its environmental impact assessment.
• Minem set a maximum two‑year timeline to fully implement a Digital Single Window for mining permits and announced a US$250 million World Bank program to modernize the ministry.
• Further signals at Perumin included a planned Peru–Ecuador petroleum memorandum focused on export logistics, research detecting mercury exposure in Amazonian communities linked to informal gold mining, and Orygen’s US$3 billion renewables plan serving mining clients.