- Write by:
-
Monday, June 20, 2022 - 12:56:50
-
581 Visit
-
Print
Mining News Pro - During his intervention at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, Óscar Graham, announced that his government will extend to 2025 the tax refund benefit to mining and oil exploration, which was scheduled to end in December 2022.
According to Graham, the decision is based on the government’s desire to guarantee the growth of the mining sector, which is responsible for 63% of the country’s exports.
The minister also announced that his office is working toward improving the permitting processes for mining projects, as well as increasing the efficiency in the way authorities conduct monitoring and reporting activities. He said that such improvements imply careful coordination between the Ministry of Economy and Finance, the Agency for Environmental Assessment and Enforcement, the National Water Authority, the National Environmental Certification Service for Sustainable Investments (Senace) and the Ministry of Culture.
Graham also pointed out that, together with the Ministry of Energy and Mines and Senace, the Executive Council of Mining and Energy is working on the standardization of environmental impact assessment procedures, improvements to the consultation process in mining exploration and the optimization of the permitting on the sale of private properties.
The government representative, however, noted that as the State works toward making certain procedures more efficient and expedite for mining companies, it is also important that foreign and local firms work together with national and regional authorities to develop infrastructure projects that allow for the sustainable development of the communities that surround mining projects.
Short Link:
https://www.miningnews.ir/En/News/621575
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Volcan Cia Minera SAA plans to make a series of debt payments through August and to refinance later obligations without ...
Peru’s copper production came in essentially flat for March at about 219,000 metric tons, government data showed on ...
No comments have been posted yet ...