PPK's Peru: Extractives

Key Points

  • PPK seeks to reignite the Peruvian economy’s growth by increasing the value of mining exports by 25 percent, through simplifying bureaucratic processes to open mining projects and reviving stalled mining projects.

  • There are several challenges PPK will have to overcome to achieve his mining sector goals, including garnering congressional support, low commodity prices, social conflicts in areas where mines are concentrated, and illegal mining, which has a production value of US$1.3 billion.

  • The new government seeks to diversify Peru’s energy sector, with a focus on developing natural gas and expanding energy infrastructure, such as widening of the Transportadora de Gas del Perú (TGP) pipeline network and finish the Gasoducto Sur Peruano (GSP).

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