The new directive also envisages that Minem will receive and process all documents required to proceed with environmental impact assessments and water use permits.
“Once the ministry approves the environmental study, it will notify the water board to grant permission for water use without the need for the title holder to start a new process, provided it receives a favorable prior opinion from the ANA. ” the ministry said in a statement. Media statement. “If the rights holder does not choose simultaneous processing, the water use approval may be processed immediately after obtaining the approval of the environmental study pursuant to SD No. 028-2023-EM.”
According to Minem, these procedures are expected to reduce processing time, as prior to the issuance of the new Decree, water use permits could only be issued after an environmental impact study had been approved and the miner had received the green light to begin exploration activities. It is said that it will be done.
The Ministry also announced that it will soon approve a series of amendments to the regulatory framework related to the content of environmental impact studies. The goal is to stop requiring titleholders to provide documentation that does not directly or indirectly affect the technical evaluation of their proposal.
“These measures will significantly reduce the processing time required to obtain environmental impact study approvals and water use authorizations without leading to a relaxation of the technical quality of these assessments,” the release states. It is listed.
Peru, the world’s second largest copper producer after Chile, has been undertaking a series of measures since November to revitalize its domestic economy, with a particular focus on the mining, energy and oil and gas sectors.
In addition to recent legislation, Peruvian government officials announced the publication of 13 new standards aimed at controlling and regulating mining exploration and operations activities.
Peruvian officials are also stepping up efforts to attract mining investment by presenting the country internationally as a country with macroeconomic stability and a favorable regulatory framework.