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Peru Sets $7 Billion Mining Investment Target for 2026 as Eight Projects Line Up

Industry leaders warn permitting backlogs could stall timelines, risking a tighter global copper market.

Overview

  • Energy and Mines Minister Luis Bravo cites more than $5.133 billion in approved investments through November 2025 and a pipeline of eight large-scale projects in Arequipa, Cusco, La Libertad and the southern corridor to reach the goal.
  • The ministry reports S/9,936 million in transfers to municipalities and regional governments from canon, royalties and concession fees.
  • Direct mining employment totals 286,805 jobs, including 23,799 positions held by women, representing 8.3% of the workforce.
  • MINEM says it is intensifying cleanup of the Reinfo registry and has expanded sanctions to processing plants that handle illegally sourced ore.
  • At the World Mining Congress, Buenaventura chair Roque Benavides flagged permitting and regulatory bottlenecks as the sector’s chief challenge this year, warning they could delay projects entering production.