Canada, Peru formalise mining cooperation agreement

Canada and Peru person formalised a caller concern to heighten practice connected captious minerals arsenic good arsenic sustainable mining.

Jean-Dominique Ieraci, Canada's Ambassador to Peru, representing Canada's Minister of Energy and Natural Resources, Tim Hodgson, alongside Peru's Minister of Energy and Mines, Angelo Victorino Alfaro Lombardi, signed a memorandum of knowing (MoU).

The MoU aims to heighten bilateral investment, beforehand technological advancements astir traceability and decarbonisation, and refine regulatory and governance structures.

It besides seeks to promote biology and societal champion practices portion processing a skilled and divers workforce.

This inaugural solidifies Canada's presumption arsenic a cardinal overseas capitalist successful mining and increases exports of mining equipment, exertion and services to Peru, thereby opening caller opportunities for the Canadian mining sector.

Ieraci said: “This MoU reflects the spot of Canada and Peru’s bilateral commercialized narration and underscores our shared committedness to deepening practice successful the mining sector.

“Together, we are fostering innovation, promoting liable assets improvement and gathering the skilled workforce needed for a low-carbon future.”

Since mid-2025, Canada has entered into 21 mining agreements worldwide and spearheaded the G7 Critical Minerals Production Alliance, securing C$18.5bn ($13.47bn) successful investments for mining projects wrong six months.

Canada's important relation successful Peru's mining assemblage is underscored by Canadian companies holding astir C$11.2bn successful assets done 67 exploration and mining operations.

Furthermore, successful October 2025, the Canada-Peru Mining Innovation Summit facilitated further manufacture collaboration, focusing connected innovation and sustainable assets improvement arsenic portion of Canada's Critical Minerals Strategy.

Hodgson said: “Canada has what the satellite wants, and our abundant mineral deposits and mining expertise are nary exception. That is why, arsenic portion of our propulsion to treble non-US trade, make economical maturation astatine location and physique caller planetary commercialized and concern relationships, we are signing agreements similar this MoU with Peru.

“As our second-largest bilateral merchandise trading spouse successful South and Central America, and a state wherever Canadian mining assets full implicit $11bn, I look guardant to continuing to fortify our mining narration with our allies successful Peru.”

"Canada, Peru formalise mining practice agreement" was primitively created and published by Mining Technology, a GlobalData owned brand.