Peru’s Minister of Energy and Mines, Waldir Ayasta, stated that mining investment in the country is expected to reach approximately US$6.3 billion in 2026, driven by investor confidence in Peru’s geological potential, macroeconomic stability, and measures aimed at enhancing the sector’s competitiveness.
The announcement was made during the opening ceremony of the 27th World Mining Congress (WMC 2026), which has brought together business leaders, government authorities, experts, academics, and investors from around the world in Lima.
“The results achieved to date allow us to project mining investment of around US$6.3 billion this year, reflecting investors’ confidence in Peru’s geological potential, macroeconomic stability, and the opportunities our country offers,” said the Minister of Energy and Mines before the international audience.
During his remarks, Ayasta emphasized Peru’s strategic position in the global mining industry as one of the world’s leading producers of copper, silver, and zinc. He also highlighted the country’s mining project portfolio, valued at more than US$64 billion.
“This reflects Peru’s enormous geological potential and the opportunities it offers for responsible and sustainable investment. This portfolio will allow us to continue strengthening our contribution to the global supply of strategic and critical minerals,” he noted.
The minister explained that the government is advancing an agenda aimed at facilitating investment through the technical and institutional modernization of the State.
“We are convinced that the future of mining requires progress based on three fundamental pillars,” Ayasta stated, highlighting technology, sustainability, and trust as the foundations of a modern mining industry.
Mining’s Economic Impact
Regarding the economic impact of mining, Ayasta noted that the sector accounts for approximately 12% of Peru’s Gross Domestic Product (GDP), more than 60% of the country’s exports, and remains a key source of employment and economic resources for regions across the country.
According to the minister, during the first four months of 2026, the mining sector generated an average of 278,000 direct jobs, while fiscal revenues from mining exceeded PEN 15 billion. In addition, transfers from mining royalties, mining canon, validity rights, and penalties surpassed PEN 4.1 billion.
The World Mining Congress 2026 officially opened and will take place from June 24 to 26 at the Lima Convention Center, bringing together participants from more than 50 countries. The program includes keynote presentations, technical sessions, a technology exhibition, and ministerial roundtables featuring government representatives from nine countries, who will discuss critical minerals, energy transition, competitiveness, innovation, and sustainability.