The president of the Council of Ministers, Gustavo Adrianzén, announced that the Executive has granted authorization to the company Barrick Gold Corporation to make investments within 50 kilometers of the country’s southern border. This decision highlights the importance of mining as a key driver for Peru’s economic reactivation.
Constitutional Exception for Mining Exploration
According to article 71 of the Constitution, foreigners cannot acquire or possess mines, land or forests within 50 kilometers of the country’s borders, except for specific exceptions. In this case, both the Ministry of Energy and Mines and the Ministry of Defense have granted the necessary authorization so that Barrick Gold Corporation can carry out its exploration activities.
Analysis and Safeguarding of National Sovereignty
Gustavo Adrianzén stressed that, to safeguard the sovereignty and territorial integrity of Peru, exhaustive analyzes were carried out before making this decision. The strategic importance of mining in the economic development of the country was evaluated, concluding that it is a fundamental sector to promote economic reactivation.
Mining as an Engine of Economic Reactivation
The Premier highlighted that mining plays a crucial role in the economic reactivation process that Peru is going through. The authorization granted to Barrick Gold Corporation will not only facilitate new investments in the sector, but will also contribute to the economic growth and development of border regions.
Impact and Benefits of Mining Exploration
Mining exploration on the southern border by Barrick Gold Corporation promises to create jobs, boost the local economy and increase infrastructure investments. These benefits are essential for post-pandemic economic recovery and to strengthen the country’s mining industry.
