Peru Plans to Cut Mining Red Tape by 40% to Attract Investment
Energy and Mines Minister Guillermo Shinno says the government is working to streamline permitting procedures and make mineral exploration easier.
Peru’s Ministry of Energy and Mines (Minem) plans to reduce administrative requirements in the mining sector by 40%, eliminating 27 permits and simplifying another 14 as part of a broader effort to attract investment.
Energy and Mines Minister Guillermo Shinno said the initiative is intended to ease regulatory burdens and accelerate project development.
“The mining sector currently has around 97 permits administered by the Ministry of Energy and Mines. We have identified 27 that can be eliminated entirely, and we intend to do so. Another 14 will be converted into sworn declarations, allowing us to reduce administrative requirements by 40%,” Shinno said.
The minister emphasized that the government intends to pursue further reforms, particularly where permitting procedures require input or prior approval from other authorities.
“We will not stop there. We will continue reviewing permits that require additional opinions or approvals to make administrative procedures as streamlined and straightforward as possible,” he added.
Making Mineral Exploration Easier
Speaking at the 21st meeting of the Chilean-Peruvian Business Council (CEChP), held in Lima last week, Shinno said the government is developing measures to facilitate exploration activities across the extractive industries.
He underscored Peru’s commitment to maintaining an investment-friendly environment, emphasizing equal treatment for investors and the importance of regulatory predictability.
“Peru is open to investment. We provide equal, nondiscriminatory treatment, allowing investors to participate in different sectors of the economy without restrictions. We also offer legal and tax stability,” Shinno said.
According to the minister, his department’s priorities extend beyond attracting capital. The government also aims to promote the sustainable development of Peru’s mineral resources, strengthen the reliability of its energy supply, and expand economic opportunities for communities across the country.
Modernizing the Regulatory Framework
Shinno outlined a four-pillar strategy aimed at advancing sustainable resource development, with a focus on reviving investment, strengthening energy security, addressing regional development gaps, and modernizing the regulatory framework.
“We have established an agenda built around four main priorities: reactivating investment, strengthening energy security, closing regional development gaps, and modernizing the regulatory framework,” he explained.
The minister also stressed that large-scale mining and energy investments must deliver tangible improvements in living conditions, particularly in communities that continue to lack essential infrastructure and public services.
“There is little value in continuing to develop major mining or energy projects if local communities still lack access to water, electricity, hospitals, education, roads, sidewalks, and other basic services and infrastructure. We believe these shortcomings are among the factors contributing to social conflict,” Shinno said.
His remarks highlighted the government’s intention to pair regulatory reform and investment promotion with broader efforts to address the social and infrastructure challenges affecting Peru’s resource-rich regions.
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