In a significant move aimed at bolstering its mining sector, the Peruvian Ministry of Energy and Mining (MINEM) has recently introduced a new Decree that marks a shift in the environmental certification procedures for mining companies. The key focus of this decree is the simplification and integration of processes related to environmental certification and water use permits, both of which are crucial for the seamless operation of mining activities.
The modification to the Environmental Protection in Mining Activities act is a game-changer for companies seeking to explore mining sites. It will consolidate the water use permit application within the environmental certification process. Previously, companies were required to navigate two separate and sequential processes, creating significant bureaucratic hurdles and delays. With the new decree, a company only needs to request environmental certifications, and the approval for the water use permit will be seamlessly integrated into the same process.
Benefits of Simultaneous Processes
The integration of these previously distinct procedures translates to a substantial reduction in time and resources for mining companies. By synchronising the approval of water use permits with environmental certifications, MINEM aims to expedite the entire permitting process. This not only simplifies the administrative burden on companies but also accelerates the commencement of mining activities. Previously, companies were compelled to wait until environmental certifications were issued before initiating the separate process for water use permits. This synchronised approach not only enhances efficiency but also underscores the Peruvian government’s commitment to fostering a business-friendly environment in the mining sector.
The decree also provides for a level of flexibility. Those who opt not to pursue simultaneous processing can now apply for the water usage authorisation immediately after obtaining approval for the environmental study. This strategic adjustment significantly reduces bureaucratic hurdles, as the water usage authorisation process previously required separate procedures post-environmental study approval.
Peru’s Strategic Move
Peru’s decision to streamline the environmental certification and water use permit processes reflects a strategic initiative to minimise bureaucratic hurdles and promote the growth of its mining sector. The new decree is poised to enhance the competitiveness of the Peruvian mining industry on the global stage by fostering a regulatory environment that is conducive to responsible and efficient mining practices. As the mining sector plays a pivotal role in Peru’s economy, these measures are anticipated to contribute positively to the country’s overall economic development while ensuring sustainable and responsible mining practices. By aligning these critical procedures, the government aims to attract more investment, stimulate economic activity, and strengthen Peru’s position as a favourable destination for mining investment.