Mining projects valued at more than US$63 billion are scheduled to start in 2026.
On Wednesday, the Standing Committee of the Peruvian Congress will decide whether to extend the registration period for informal miners in the Comprehensive Mining Formalization Registry (REINFO).
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Peruvian Congress Approves Extension of Mining Formalization Process
On Dec. 4, the Parliament’s plenary approved a one-year extension of REINFO, which modified the initial two-year proposal. However, Congressional regulations stipulate that any bill initially approved must undergo a second vote at least seven days later.
Previously, Prime Minister Ernesto Alvarez stated that two non-negotiable conditions were extending REINFO for only one year and preventing the return of 50,000 excluded miners, to avoid illegal mining.
Interim President Jose Jeri added that if the approved ruling did not align with the Executive’s position, it would be returned with observations, and the REINFO would expire on Dec. 31. However, the debate was included on the Committee’s agenda, which keeps its functions after the closing of the annual Legislature.
La minería de mineros ilegales peruanos no se detiene, ahora avanza sobre el proyecto Conga de Newmont en Cajamarca, Perú. Autoridades advierten contaminación con mercurio y pérdida de control en zonas donde la minería formal no se desarrolla.#MineríaIlegal #Oro #Newmont #Perú… pic.twitter.com/ZOhiIDVrk9
— Mine Academy (@mine_academy) December 15, 2025
The text reads, “Illegal mining by Peruvian miners continues and now advances on Newmont’s Conga project in Cajamarca, Peru. Authorities warn of mercury contamination and a loss of control in areas where formal mining is not practiced.”
Hundreds of informal miners mobilized in various locations across the country and demanded the approval of the law. In 2024, Parliament had already extended the REINFO for one year, but failed to reach a consensus on a new Law for Small-Scale and Artisanal Mining.
Last Thursday, Mining Vice Minister Carlos Talavera announced that a “decisive phase” will begin in 2026 with mining projects valued at more than US$63 billion. The Ministry of Energy and Mines (MINEM) anticipates 21 projects, all scheduled to begin in 2026.
Talavera added that global demand for critical minerals will double by 2040, requiring up to 80% more than current consumption. Copper production grew by only 3% in the last year; however, revenue exceeded US$5.8 million thanks to favorable international prices.
#FromTheSouth News Bits | Peru: In Cajamarca, more than 500 workers of the Canadian mining operator Shauindo observed an indefinite strike to demand better wages. pic.twitter.com/h1j5JUmux9
— teleSUR English (@telesurenglish) December 5, 2025
teleSUR: JP
Source: EFE – IIMP
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