Government tries to unblock investment but projects trigger a backlash in rural areas
Anti-mining activist Miguel Meza grabbed widespread attention late last month when he called out Peru’s president in a street protest during the country’s principal mining conclave in the city of Arequipa. “We came to tell Dina Boluarte to deliver on her campaign promise of cancelling the Tía María project,” Meza said, referring to the $1.
After Chile, Peru is the world’s second-largest producer of copper, which is critical for the transition to net zero carbon emissions. But, despite its mineral wealth — Peru is in the global top 10 for copper, gold, lead, silver, tin and zinc reserves — it could lose investments to the Democratic Republic of Congo, analysts warn. Energy consultancy Wood Mackenzie said in May that DRC could overtake Peru in copper production. Peru’s copper output rebounded 21.
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